https://www.taxtmi.com/caselaws?id=449877 The HC upheld SEBI's exit policy for stock exchanges, finding it consonant with SCR Act provisions and within SEBI's statutory powers under sections 11(1) and 11(2)(j) of SEBI Act, 1992. The court rejected the exchange's challenge to turnover thresholds and clearing corporation requirements, holding these regulations don't infringe legal rights. However, recognizing the century-old institution's circumstances, the court granted six months for the exchange to establish or tie-up with a clearing corporation meeting SECC Regulations 2012 requirements, failing which SEBI may proceed with derecognition steps. en-us Mon, 19 Feb 2024 00:00:00 +0530 Thu, 22 Feb 2024 08:20:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=449877 The HC upheld SEBI's exit policy for stock exchanges, finding it consonant with SCR Act provisions and within SEBI's statutory powers under sections 11(1) and 11(2)(j) of SEBI Act, 1992. The court rejected the exchange's challenge to turnover thresholds and clearing corporation requirements, holding these regulations don't infringe legal rights. However, recognizing the century-old institution's circumstances, the court granted six months for the exchange to establish or tie-up with a clearing corporation meeting SECC Regulations 2012 requirements, failing which SEBI may proceed with derecognition steps. Case-Laws SEBI Mon, 19 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=449877