STAFF WRITER 18:0 HRS IST PTI
New Delhi, Apr 15 (PTI) Allowing public scrutiny of the functioning of stock market, the Delhi high Court today held that stock exchanges are public authorities and are bound to disclose information under Right To Information Act.
The court dismissed the plea of National Stock Exchange and Jaipur Stock Exchange which submitted that they cannot be forced to reveal information to public under the transparency law as they are autonomous bodies incorporated under Company Act and not controlled by the government.
Justice Sanjeev Khanna dismissed the petition of the stock exchanges and upheld the decision of the Central Information Commission which had declared stock exchange as a public authority.
The CIC had in 2007 held that stock exchanges are "quasi" governmental bodies which are bound to disclose information to the public under the Right to Information Act.
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