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1999 (7) TMI 115 - SC - Indian LawsMembership Cart of stock exchange - default in making payment dues - right and privileges of the member - Held that: - High Court rightly came to the conclusion that once a defaulting member ceases to be a member of the Stock Exchange no interest in his card remains and the same cannot be regarded as his asset and furthermore Rules 16 and 43 are not illegal, arbitrary or void.
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