0140-2007 D.G. Goenka Equities Pvt. Ltd. vs Securities and Exchange Board of India
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Full text
“The correct position is that when a stock broker who is a member of an exchange dies, his heir or successor who wants to be admitted as a member of the exchange has to apply and the exchange has full discretion to decide whether to admit him or not as member. He may be allowed, for the sake of convenience and for the sake of not to inconvenience the investors who were operating in the market through that broker, to continue with the same business and trade in the interregnum until the exchange decides to admit him as a member. Such continuation in the interregnum does not automati
BEFORE THE SECURITIES APPELLATE TRIBUNAL
MUMBAI
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Source: SecMarx — 0140-2007 D.G. Goenka Equities Pvt. Ltd. vs Securities and Exchange Board of India. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (bench, timelines, appeal chain) is cited to us.