https://www.taxtmi.com/caselaws?id=112390 The applications challenging the Bombay Stock Exchange's refusal to list the shares of Mayajaal Entertainment Ltd. were dismissed. The Court upheld the Exchange's regulatory authority, emphasizing compliance with securities laws and Stock Exchange bye-laws. The Court noted that while the Scheme of Amalgamation was approved, it does not override the Exchange's authority. The applicants were directed to pursue an appeal with the Securities Appellate Tribunal. The Scheme's clause regarding listing remains unenforceable pending the appeal's outcome, underscoring the necessity for adherence to the Listing Agreement and securities regulations. en-us Mon, 30 Oct 2006 00:00:00 +0530 Thu, 15 Feb 2024 15:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=112390 The applications challenging the Bombay Stock Exchange's refusal to list the shares of Mayajaal Entertainment Ltd. were dismissed. The Court upheld the Exchange's regulatory authority, emphasizing compliance with securities laws and Stock Exchange bye-laws. The Court noted that while the Scheme of Amalgamation was approved, it does not override the Exchange's authority. The applicants were directed to pursue an appeal with the Securities Appellate Tribunal. The Scheme's clause regarding listing remains unenforceable pending the appeal's outcome, underscoring the necessity for adherence to the Listing Agreement and securities regulations. Case-Laws Companies Law Mon, 30 Oct 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=112390