The Delhi High Court today stayed its order of bringing stock exchanges within the ambit of the Right to Information Act. A division bench headed by acting Chief Justice Madan B Lokur stayed the operation of a single bench order which had on April 15 held that stock exchanges are “quasi” governmental bodies which are bound to disclose information to the public under the transparency law.

The court passed the order on an appeal filed by National Stock Exchange(NSE) which contended that it cannot be forced to reveal information under the RTI Act as it is a company and the government has no control over it.

NF

More Under Corporate Law

Leave a Comment

Your email address will not be published. Required fields are marked *