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Supreme Court stays NSEI public authority RTI ruling
The Hindu··31 Jul
Supreme Court on July 31 stayed a Delhi High Court order that held the National Stock Exchange of India is a public authority under the RTI Act. Justices Vikram Nath and Sandeep Mehta agreed to hear NSEI's petition and sought responses from the Central Information Commission. The High Court had upheld a 2010 single judge ruling on July 1.
Prism
What It Means For You
- Investors and market analysts tracking exchange governance may note that NSEI disclosure obligations under RTI remain unsettled until the Supreme Court decides the appeal.
- RTI applicants seeking corporate filings from the National Stock Exchange must wait, as the July 1 Delhi High Court verdict is now paused pending further hearings.
- Anyone filing information requests to market institutions can watch whether courts treat stock exchanges as government controlled bodies under Section 2(h) of the RTI Act.
What's Happening
- Supreme Court on July 31 stayed a Delhi High Court order holding the National Stock Exchange of India is a public authority under the RTI Act.
- Justices Vikram Nath and Sandeep Mehta agreed to hear NSEI's petition and sought responses from the Central Information Commission and others.
- The High Court had on July 1 upheld a 2010 single judge ruling that NSEI qualifies because it is controlled by the appropriate government.
Sixteen Years After The First RTI Ruling
- Citizens can enforce RTI rights only against bodies classified as public authorities under Section 2(h) of the Right to Information Act.
- NSEI had challenged a Central Information Commissioner order before the single judge in 2010, arguing it was not a public authority.
- The division bench agreed NSEI is controlled by the appropriate government and posted the Supreme Court matter for hearing after four weeks.
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