https://www.taxtmi.com/caselaws?id=104065 Readmission to stock exchange membership was properly refused where the applicant had effectively abdicated control of his membership and business, allowed another entity to conduct the business, exposed the office to substantial liabilities, and failed to produce original books of account, receipts and vouchers when required. Those facts showed breach of the Exchange's rules, bye-laws and regulations and non-compliance with the conditions governing readmission. The Committee's decision was therefore justified, and no illegality was found in rejecting the application. en-us Tue, 12 Jan 1999 00:00:00 +0530 Mon, 27 Feb 2012 15:06:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104065 Readmission to stock exchange membership was properly refused where the applicant had effectively abdicated control of his membership and business, allowed another entity to conduct the business, exposed the office to substantial liabilities, and failed to produce original books of account, receipts and vouchers when required. Those facts showed breach of the Exchange's rules, bye-laws and regulations and non-compliance with the conditions governing readmission. The Committee's decision was therefore justified, and no illegality was found in rejecting the application. Case-Laws Companies Law Tue, 12 Jan 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104065