https://www.taxtmi.com/caselaws?id=460212 The SC dismissed the appeal, affirming that the whole time member of SEBI had the jurisdiction to withdraw recognition from the stock exchange under the statutory framework. The Court ruled that the delegation of power to SEBI and further within SEBI was lawful. Additionally, the Court concluded that the appellant's subsidiary, being a separate legal entity, was not affected by the withdrawal of recognition. The judgment reinforced the validity of statutory delegations of power and upheld the principle of separate legal entities in corporate law. en-us Wed, 14 Mar 2012 00:00:00 +0530 Wed, 15 Jan 2025 18:13:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=460212 The SC dismissed the appeal, affirming that the whole time member of SEBI had the jurisdiction to withdraw recognition from the stock exchange under the statutory framework. The Court ruled that the delegation of power to SEBI and further within SEBI was lawful. Additionally, the Court concluded that the appellant's subsidiary, being a separate legal entity, was not affected by the withdrawal of recognition. The judgment reinforced the validity of statutory delegations of power and upheld the principle of separate legal entities in corporate law. Case-Laws SEBI Wed, 14 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=460212