https://www.taxtmi.com/caselaws?id=458376 Amended Stock Exchange bye-laws introducing limitation were held not to operate retrospectively against transactions and causes of action that had already accrued before the amendment. As the new limitation provision contained no express retrospective effect and delegated legislation cannot defeat vested rights without clear authority or necessary implication, it applied only to references arising from post-amendment transactions. The tribunal's treatment of the pre-amendment claim as time-barred under the amended rule was therefore incorrect. en-us Mon, 08 Oct 2001 00:00:00 +0530 Thu, 21 Aug 2025 11:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=458376 Amended Stock Exchange bye-laws introducing limitation were held not to operate retrospectively against transactions and causes of action that had already accrued before the amendment. As the new limitation provision contained no express retrospective effect and delegated legislation cannot defeat vested rights without clear authority or necessary implication, it applied only to references arising from post-amendment transactions. The tribunal's treatment of the pre-amendment claim as time-barred under the amended rule was therefore incorrect. Case-Laws Indian Laws Mon, 08 Oct 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=458376