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    <title>2000 (1) TMI 867 - HIGH COURT OF KARNATAKA</title>
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    <description>Imposition of a default fee by a stock exchange under its articles of association and bye-laws concerns internal management and member obligations, rather than the discharge of a public duty. Writ jurisdiction was therefore unavailable for challenging the levy. The challenge based on excessive delegation and constitutional invalidity of the bye-law also failed because the defaulter member had signed and accepted the articles of association containing the relevant provisions. The writ appeal was dismissed, without resolving the broader question of when stock exchanges may be subject to writ jurisdiction for functions involving public duties.</description>
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      <link>https://www.taxtmi.com/caselaws?id=105079</link>
      <description>Imposition of a default fee by a stock exchange under its articles of association and bye-laws concerns internal management and member obligations, rather than the discharge of a public duty. Writ jurisdiction was therefore unavailable for challenging the levy. The challenge based on excessive delegation and constitutional invalidity of the bye-law also failed because the defaulter member had signed and accepted the articles of association containing the relevant provisions. The writ appeal was dismissed, without resolving the broader question of when stock exchanges may be subject to writ jurisdiction for functions involving public duties.</description>
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