Section 64: Deprivation of property – Coercive legislation – Stock Exchange Act
consolidated text (as at 2017). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
64. Deprivation of property – Coercive legislation – Stock Exchange Act
1988—In a previous suit the plaintiff had claimed that the provisions of the
Stock Exchange Act 1988, which provided that only stock broking companies would deal in certain securities, were in breach of his right to freedom
of association. His plaint was dismissed but the Court observed that a person who is only permitted to exercise a trade or profession by associating
with others against his will might claim to have been deprived of property.
That obviously prompted the plaintiff to enter the present action to claim
damages for deprivation of property.
HELD the provisions of the Act purported to regulate only a small part of
the profession of broker. Ramburn v Government of Mauritius (1997).