https://www.taxtmi.com/caselaws?id=102015 A writ petition was held not maintainable to quash the registration of a privately incorporated company or its commencement certificate merely because it proposed to operate as a stock exchange. Registration under the Companies Act and issuance of a commencement certificate did not, by themselves, make the company a statutory authority or subject it to writ jurisdiction. Alleged pre-recognition trading issues were to be addressed by the remedies available under civil and criminal law and under the Securities Contracts (Regulation) Act, including action for breach of section 19. Writ relief would arise only where statutory recognition or an enforceable public duty is shown. en-us Tue, 05 Feb 1991 00:00:00 +0530 Mon, 13 Feb 2012 13:45:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=102015 A writ petition was held not maintainable to quash the registration of a privately incorporated company or its commencement certificate merely because it proposed to operate as a stock exchange. Registration under the Companies Act and issuance of a commencement certificate did not, by themselves, make the company a statutory authority or subject it to writ jurisdiction. Alleged pre-recognition trading issues were to be addressed by the remedies available under civil and criminal law and under the Securities Contracts (Regulation) Act, including action for breach of section 19. Writ relief would arise only where statutory recognition or an enforceable public duty is shown. Case-Laws Companies Law Tue, 05 Feb 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=102015