Supreme Court of India
Veneet Agrawal v. Union of India and Ors.
INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.
What the Court ordered
For the reasons stated above, we do not find any merit in these C appeals and the same are dismissed with costs which are assessed at Rs. 20,000/-in each of the appeals.
Judgment, page 12
From the headnote
Securities and Exchange Board of India Act, 1992: c S. 31-Constitutionality and vi res of 199 2 Rules and Regulations challenged on the ground that procedure mandated under s. 31 was not complied with-Held: It was not necessary for rules/regulations to be re-laid in the next sessions as requisite period of 30 days was to be completed in one or more sessions-Hence rules/regulations ajter having been initially laid are deemed to lie in succeeding sessions till completion of 30 days-Requirement of s. 31 has been thus met-Rules/ ~t' regulations cannot be declared ultra vires on this ground-Even…
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