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of <h1>High Court dismisses Stock Exchange membership readmission due to rule breaches and lack of control, citing liability and non-compliance.</h1> <h3>Hasmukh Dolchand Parikh Versus Bombay Stock Exchange</h3> The High Court of Bombay rejected the Petitioner's application for readmission as a member of the Stock Exchange due to breaches of rules and regulations ... Stock exchange - Bombay stock exchange The High Court of Bombay rejected the Petitioner's application for readmission as a member of the Stock Exchange. The Petitioner had assigned membership rights to another entity, leading to breaches of rules and regulations. The Committee found the Petitioner lacked control over his business, resulting in significant liabilities. The Petitioner's non-compliance with rules led to the rejection of the readmission request. The Court dismissed the petition, citing differences with a similar case. (Case Citation: 1999 (1) TMI 412 - HIGH COURT OF BOMBAY)
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