1994 (10) TMI 210

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..... Mer-chant for the Petitioner. R.A. Kapadia, Kumar Desai, AJ. Rana, R.C. Master, H.D. Rathod, V.V. Tulzapurkar, S.A. Divan and CM. Mehta for the Respondent. JUDGMENT Pendse, J.-By this petition, filed under article 226 of the Constitution, the petitioners are seeking a declaration that regulation 10 of the Securities and Exchange Board of India (Stock Brokers and Sub-brokers) Regula-tions, ....

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....r should be at flat rate or by any other method. The counsel, after taking instructions from the respective clients, readily agreed to the suggestion. The counsel felt that a report from Experts' Committee would be an assistance to the Court to resolve the issue involved in the petition. 3. Accordingly, a Committee comprising of Shri A.N. Mody, the former Judge of this Court, Shri S.E. Dastur, ....

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....so desire. The Committee may examine whether it would be appropriate to give notice to the office-bearers of various Stock Exchanges in the country as the decision in this petition will affect stock brokers of all the Stock Exchanges. The Committee will examine the question as to whether the registration fees to be levied by SEBI upon stock brokers is to be linked to turnover or should be at fl....