For the sake of companyvenience, we may mention hereinafter the facts in the case of Ratnabali Capital Markets Ltd. RCML which are as under.
In 1995 Ratnabali Securities Ltd. RSL was registered as a broker with National Stock Exchange NSE .
4945 OF 2007 No.
CIVIL APPEAL NO.
3674 of 2007 KAPADIA, J. Delay companydoned.
18381/07 with Civil Appeal No.
The above two civil appeals are directed against the decisions dated 18.5.2006 and 4.5.2007 delivered by the Securities Appellate Tribunal, Mumbai in appeal Nos.
Hence, the transferee companypanies were number entitled to claim the benefit of Circular dated 30.9.2002.
Admit.
After the merger of RSL with RCML, a demand was made by SEBI for registration fees on turnover basis.
