SC stays CIC order declaring NSE 'public authority' under RTI Act
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Listen to this article in summarized format A bench of justices Vikram Nath and Sandeep Mehta agreed to hear a petition filed by the NSEI and sought responses from the Central Information Commission and others within four weeks. The NSEI challenged the July 1 verdict of a division bench of the Delhi High Court. The high court's division bench had dismissed the NSEI's appeal against its single judge's April 2010 decision which ruled that NSEI qualified as a 'public authority' under section 2(h) of the RTI Act. The stock exchange had challenged the June 2007 CIC order before the single judge and asserted that it was not a 'public authority' under the RTI Act. Citizens can enforce their right to ask for information only from a 'public authority' under the RTI Act. The high court's division bench had observed that if the body is owned, controlled or substantially financed by the appropriate government, it would qualify as a 'public authority'. "The single judge holds, in the impugned judgment, that the NSEI is controlled by the appropriate government, and we agree," the division bench had said. (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
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