PREMIUM GLOBAL SECURITIES PVT.LTD. vs SECURITIES & EXCHANGE BOARD OF INDIA&ANR

The Supreme Court upheld the decision of the Securities Appellate Tribunal (SAT) affirming SEBI's refusal to grant fee continuity benefits to Premium Global Securities Pvt. Ltd. under Rule 8(1)(f) and 8(3)(f) of the Securities Contract (Regulation) Rules, 1957. The Court established that compliance with SEBI's directives regarding the separation of securities business from other activities is mandatory for corporate members. Consequently, the appeals were dismissed, affirming the regulatory framework's integrity.