M/S Society Standing For All Youth … vs Union Of India & Ors. on 23 March, 2016

1. This petition is filed as a Public Interest Litigation alleging that the
appointment of Respondent No.4 as a Whole Time Member of the Security
and Exchange Board of India (SEBI) is illegal and thus praying to issue a
writ of quo warranto against the Respondent No.4.

W.P.(C) No.10600/2015 Page 1 of 5
2. The Petitioner No.1 claims to be a non-governmental organization
which actively indulges in social upliftment, welfare of public and in
consumer related affairs. The Petitioner No.2 claims to be a citizen of India
who has made a complaint dated 14.07.2015 to Petitioner No.1 society
regarding the illegal appointment of Respondent No.4 without complying
with the mandatory vigilance clearance required for appointment of the
Whole Time Member of SEBI. On the basis of the said complaint, the
Petitioner No.1 is stated to have issued a legal notice dated 23.07.2015 to the
Respondents No.1 to 4 herein calling upon the Respondent No.1 to look into
the matter and initiate necessary action for termination of services of the
Respondent No.4. The Respondent Nos.2 and 3 were also called upon to
initiate necessary action against the illegal appointment of the Respondent
No.4 and for his immediate suspension. Since there was no response,
reminders were also sent on 11.09.2015. Alleging that the Respondent Nos.1
to 3 failed to take any action, the present petition has been filed with the
above prayer.

Source: Indian Kanoon

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