Pyrites Phosphates & Chemicals Ltd. & ... vs Union Of India & Ors

The Supreme Court upheld the High Court's decision to quash the notification No. SO 565 (E) dated 21st June 1995, amending Schedule X of the Companies Act, 1956, as violative of Article 14 of the Constitution. The Court found the imposition of an enhanced regulatory fee unreasonable and against legislative policy, ordering the Registrar of Companies to refund the fees collected under the struck-down notification within three months without interest. The Court clarified that this order should not be treated as a precedent for other similar matters.