RISHYASHRINGA JEWELLERY LIMITED Vs. STOCK EXCHANGE BOMBAY

JUDGEMENT

(1.) Leave granted.

(2.) The short but ticklish question which arises for decision in the present case is the meaning of the word 'each' in the expression "if the permission has not been granted by the stock exchange or each such stock exchange" used in sub-section (1A) of Section 73 of the Companies Act, 1956. This is the real question for decision in the present appeal.

(3.) Section 73 of the Companies Act, 1956 in so far as it is material is as under: