Stock broker to obtain a certificate of registration for each of the stock exchange where he operates: SC

Securities And Exchange Board of India Vs National Stock Exchange Members Association (Supreme Court of India)

Conclusion: In present facts of the case while allowing the appeals, the Hon’ble Supreme Court observed that (i) subordinate legislation has the same superior force as it supplements a mechanism/ procedure (ii) while interpreting the statutory provisions, the Court is always supposed to keep in mind the object or purpose for which the statute has been enacted and (iii) the

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