https://www.taxtmi.com/caselaws?id=104308 The court dismissed the writ petition challenging the constitutional validity of Rule 8(2) of the Securities Contracts (Regulation) Rules, 1957. It upheld the rule as valid under the government's rule-making power. The court found no violation of constitutional provisions, including Articles 14 and 19(1)(g), regarding the right to carry on business in securities. Additionally, it affirmed the Central Government's authority to frame rules under the Securities Contracts (Regulation) Act, 1956. The court ruled that Stock Exchanges are not amenable to writ jurisdiction, concluding in favor of the respondents. en-us Thu, 06 Aug 1998 00:00:00 +0530 Tue, 28 Feb 2012 16:23:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104308 The court dismissed the writ petition challenging the constitutional validity of Rule 8(2) of the Securities Contracts (Regulation) Rules, 1957. It upheld the rule as valid under the government's rule-making power. The court found no violation of constitutional provisions, including Articles 14 and 19(1)(g), regarding the right to carry on business in securities. Additionally, it affirmed the Central Government's authority to frame rules under the Securities Contracts (Regulation) Act, 1956. The court ruled that Stock Exchanges are not amenable to writ jurisdiction, concluding in favor of the respondents. Case-Laws Companies Law Thu, 06 Aug 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104308