Delhi HC declared NSE as Public Authority under RTI Act
It was obvious that Section 2(h) had given a broad meaning to the expression “public authority”. The idea was to make information available to citizens in respect of organisations which benefited from, or utilized, substantial public funds. Private organizations which enjoyed the benefit of direct or indirect substantial funding from the Government would also be “public authorities”
NSEI was a limited company, incorporated on 27 November 1992. The Memorandum and Articles of Associations13 of NSEI stated that its object was to facilitate, promote, assess, regulate and manage, in public interest, dealings in securities of all kind as defined in the Securities (Contracts) Regulations Act, 1956, and to provide advanced and modern facilities for trading, clearing and settlement of securities in a transparent, fair and open manner.
In his 2010 decision, Justice Khanna had observed that although the NSE was incorporated as a private company under the Companies Act, its recognition as a stock exchange under the Securities Contracts (Regulation) Act, 1956, altered its legal character.
Judgment dated 1.7.2026 of the Division Bench of the High Court of Delhi in LPA No.315/2010 of National Stock Exchange of India Ltd Vs. Central Information Commission and others
