May 4, 2010 1:21 PM

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HC stays order of bringing stock exchanges under RTI ambit

The Delhi High Court today stayed its order of bringing stock exchanges within the ambit of the Right to Information Act. A division bench of the court stayed the operation of its earlier single bench order issued last month. The order had held that stock exchanges are quasi governmental bodies which are bound to disclose information to the public under the transparency law.<br/><br/>Today's order was passed by the court on an appeal filed by National Stock Exchange. The NSE contended in its appeal that it cannot be forced to reveal information under the RTI Act as it is a company and the government has no control over it.<br/>

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