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Supreme Court Upholds Expulsion of Trading Member for Violating Gross Exposure Limits and Failing to Maintain Capital Adequacy. Securities Contracts (Regulation) Act, 1956 - Section 22F - Appeal against Securities Appellate Tribunal order upholding expulsion from National Stock Exchange membership.

The appellant, Rusoday Securities Ltd., was a trading member of the National Stock Exchange of India Ltd. (NSE) since November 1994 and gave an undert...

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Bombay High Court Dismisses Writ Petition of Probationary Police Sub-Inspectors Challenging Termination. Termination simpliciter of probationers for unsatisfactory performance without stigma does not require inquiry or hearing.

The petitioners, 20 individuals, were appointed as Police Sub-Inspectors on probation in the Maharashtra Police Force. During their probation period, ...

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Bombay High Court Dismisses Petition Challenging Minister's Order in Cooperative Society Election Dispute. Court upholds Minister's appellate order directing election of 16 members from each division under byelaws, rejecting challenge based on alleged lack of jurisdiction.

The petitioners, members of a cooperative society affiliated with Respondent No. 5, challenged an order dated 29.1.1999 passed by the Minister of Stat...

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Bombay High Court Upholds Disqualification of Directors in Cooperative Society Vehicle Misuse Case Under Section 78(1) of Maharashtra Cooperative Societies Act, 1960. Petitioners failed to prove vehicle use for society work, burden of proof not discharged.

The case involves four writ petitions filed by directors of a cooperative society challenging orders passed by the Divisional Joint Registrar under Se...

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Bombay High Court Allows Petition Challenging SCEA Directive Excluding Retired Employees from Voter List in Salary Earner's Co-operative Bank Elections. Directive Issued Without Authority Under Maharashtra Co-operative Societies Act, 1960, and Bye-laws Permitting Retired Members to Vote Must Be Respected.

The petitioners, Nashik Zilla Sarkari and Parishad Karmachari Sahakari Bank Ltd. (a salary earner's co-operative bank) and some of its retired employe...