https://www.taxtmi.com/caselaws?id=103376 Stock Exchanges could certify a purchaser as a bona fide purchaser for value only where the purchase was made through a member or through a member's sub-broker, and the protective clarification was meant to shield such purchasers from attachment and unnecessary court proceedings. That certification could extend to a chain involving more than one sub-broker, but only if each intermediary sub-broker was itself a sub-broker of a member of the Stock Exchanges. If any intermediary was merely a sub-broker of another sub-broker and not of a member, the Stock Exchanges lacked authority to certify and the party had to seek a declaration of title from the Court. en-us Mon, 06 Jan 1997 00:00:00 +0530 Wed, 22 Feb 2012 15:36:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103376 Stock Exchanges could certify a purchaser as a bona fide purchaser for value only where the purchase was made through a member or through a member's sub-broker, and the protective clarification was meant to shield such purchasers from attachment and unnecessary court proceedings. That certification could extend to a chain involving more than one sub-broker, but only if each intermediary sub-broker was itself a sub-broker of a member of the Stock Exchanges. If any intermediary was merely a sub-broker of another sub-broker and not of a member, the Stock Exchanges lacked authority to certify and the party had to seek a declaration of title from the Court. Case-Laws Companies Law Mon, 06 Jan 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103376