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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 Upholds Disqualification of MLA for Anti-Party Voting Under Tenth Schedule. Speaker's Order Disqualifying Petitioner for Voluntarily Giving Up Party Membership and Voting Contrary to Whip Upheld as Valid.

The petitioner, Shri Matanhy Saldanha, was a Member of the Goa Legislative Assembly from Cortalim, belonging to the United Goan Democratic Party (UGDP...

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Bombay High Court Allows Appeal in Society Membership Dispute — Removal of Life Member Set Aside for Violation of Natural Justice. Managing Committee's Decision to Expel Member Without Proper Inquiry and Opportunity of Hearing Held Invalid Under Societies Registration Act.

The appellant, Ramswaroop Sunderlal Goyal, was a life member of the respondent, North India Association, a society registered under the Societies Regi...

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Bombay High Court Allows Employer's Petition in Unfair Labour Practice Case Due to Denial of Termination. Employer's Affidavit Stating No Termination Occurred Renders Complaint Under Item 1 of Schedule IV of MRTU and PULP Act, 1971 Infructuous.

The petitioner, M/s Satish Motors Limited, challenged an order of the Labour Court directing it to deposit three months' wages in a complaint filed by...