29 May 2010

National Stock Exchange covered under RTI: High Court

In a recently delivered decision, the Delhi High Court has declared that 'National Stock Exchange' is covered under the ambit of the Right to Information Act, 2005 and thus required to provide the information sought under the Act. Senior Advocate Ashok Desai argued for the National Stock Exchange of India Limited that it was not a 'public authority' as defined under the Act. However, holding that the Stock Exchange was "an 'authority or institution of self-government‘ constituted or established by notification or order issued by the appropriate Government" and also controlled by the Government, the High Court repelled the challenged and declared the Exchange to be governed by the provisions of the Right to Information Act, 2005. 

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