https://www.taxtmi.com/caselaws?id=103240 The Court dismissed the writ petitions challenging the guidelines for selecting members of the Saurashtra Kutch Stock Exchange. It found the Screening Committee's modifications to the guidelines valid, as approved by the Government of India. The selection process, including interviews and criteria for financial solvency and competence, was held to be structured and not arbitrary. The Court determined that the guidelines were not statutory conditions under the Securities Contracts (Regulations) Act, and administrative guidelines could be enforced through a writ petition if approved by the issuing authority. en-us Wed, 08 Feb 1995 00:00:00 +0530 Tue, 21 Feb 2012 17:25:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103240 The Court dismissed the writ petitions challenging the guidelines for selecting members of the Saurashtra Kutch Stock Exchange. It found the Screening Committee's modifications to the guidelines valid, as approved by the Government of India. The selection process, including interviews and criteria for financial solvency and competence, was held to be structured and not arbitrary. The Court determined that the guidelines were not statutory conditions under the Securities Contracts (Regulations) Act, and administrative guidelines could be enforced through a writ petition if approved by the issuing authority. Case-Laws Companies Law Wed, 08 Feb 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103240