The Delhi High Court rules that the National Stock Exchange of India (NSE) can qualify as a “public authority” under the Right to Information (RTI) Act, depending on its government ownership, control, or financing. In separate reporting based on the same court observation, the bench explains that an entity falls within the RTI framework if it is owned, controlled, or substantially financed by the government. The court’s reasoning sets out the legal test used to determine whether a body is covered by the RTI Act, focusing on the extent of government involvement rather than the entity’s form or branding.
Both sources report that the bench articulates this standard as the basis for examining whether the NSE meets the criteria. While the reports emphasize the general principle and the court’s interpretation of the “public authority” definition, they do not add contrasting details about how the test is applied in the final outcome. The decision-making hinges on evidence related to ownership, control, and substantial government financing.
