https://www.taxtmi.com/caselaws?id=269161 The Court determined that the Appellants were eligible for fee continuity benefits as per the SEBI Circular, emphasizing the necessity for a compulsion of law in transferring brokerage business to a subsidiary. The interpretation of "compulsion of law" was critical, requiring actions to be driven by survival needs rather than profit motives. Compliance with the 1957 Rules and alignment with SEBI Circular provisions were pivotal in establishing eligibility for fee continuity benefits. The Court overturned SAT's decision, granting the Appellants the benefits due to their adherence to legal obligations. en-us Wed, 09 Dec 2015 00:00:00 +0530 Tue, 20 Feb 2018 10:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269161 The Court determined that the Appellants were eligible for fee continuity benefits as per the SEBI Circular, emphasizing the necessity for a compulsion of law in transferring brokerage business to a subsidiary. The interpretation of "compulsion of law" was critical, requiring actions to be driven by survival needs rather than profit motives. Compliance with the 1957 Rules and alignment with SEBI Circular provisions were pivotal in establishing eligibility for fee continuity benefits. The Court overturned SAT's decision, granting the Appellants the benefits due to their adherence to legal obligations. Case-Laws Companies Law Wed, 09 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269161