Clipped from: https://www.business-standard.com/article/markets/sat-quashes-sebi-order-against-hdfc-bank-for-invoking-pledged-shares-122022101268_1.html Market regulator had fined lender Rs 1 cr for flouting directions in an interim order dated October 7, 2019; also directed bank to
Category: Legal
Godspeed the Data Protection Bill – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/godspeed-the-data-protection-bill/articleshow/89708870.cms Synopsis Privacy protection that does not inhibit the digital economy is key. It is up to the government to find the shortest course
SC’s peculiar judgment favors MBL Infra – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-others/scs-peculiar-judgment-favors-mbl-infra/article65069344.ece SC’s peculiar judgment favours MBL Infra BSE listed MBL Infrastructure, which had gone into an insolvency process, recently won a victory of sorts
SC backs CCI in two cases – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-others/sc-backs-cci-in-two-cases/article65069346.ece Supreme Court backs CCI in two cases i) Penalty on tyre manufacturers : The Competition Commission of India (CCI) in Re: Ministry of Corporate
Karnataka decided, let the gaming begin – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/karnataka-decided-let-the-gaming-begin/articleshow/89671705.cms Synopsis Lockdowns have brought the metaverse to the fore and there are market expectations it will draw in other tech and entertainment giants
Daughter’s Property Rights: How latest Supreme Court Judgment expands daughter’s legal rights to father’s property
Clipped from: https://economictimes.indiatimes.com/wealth/legal/will/how-latest-supreme-court-judgment-expands-daughters-legal-rights-to-fathers-property/articleshow/89593213.cms Synopsis The latest Supreme Court Judgement deals with the issue of the legal right of a daughter to inherit ‘self-acquired’ property of her
ABG Shipyard Case Updates | ABG Shipyard allegedly used 38 overseas firms to divert funds – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/transportation/shipping-/-transport/abg-shipyard-allegedly-used-38-overseas-firms-to-divert-funds/articleshow/89649530.cms Synopsis Both the Central Bureau of Investigation (CBI) and Enforcement Directorate (ED) have booked ABG Shipyard and its directors on charges of criminal
Debt recovery: HC proposes to initiate vigilance enquiry against bank official – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/india/debt-recovery-hc-proposes-to-initiate-vigilance-enquiry-against-bank-official/articleshow/89690652.cms Synopsis While the borrowed sum was Rs 62 lakh in 1992, the Debt Recovery Tribunal ordered the defaulted to return Rs 1.85 crore
Don’t scrap the SEZ Act: Way forward is to make SEZs favourable investment destinations – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/dont-scrap-the-sez-act-way-forward-is-to-make-sezs-favourable-investment-destinations/2435946/ Notwithstanding severe criticism, policy reversals, and government apathy, vast industrial infrastructure, covering 57,000 hectares of land, is already up in the country, developed
SEBI’s enforcement proceedings need a statute of limitations – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/sebis-enforcement-proceedings-need-a-statute-of-limitations/2435080/ This will require detailed empirical studies, consultation with all stakeholders and a review of limitation periods prescribed in other jurisdictions. While introducing statutory
RBI DG Rabi Sankar asks for complete ban on cryptocurrencies in India | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/rbi-dg-rabi-sankar-asks-for-complete-ban-on-cryptocurrencies-in-india-122021401710_1.html ‘We have examined arguments by those advocating cryptos should be regulated, and found that none of them stand up to basic scrutiny,’ says
ABG Shipyard: FM Nirmala Sitharaman defends time taken to file fraud complaint in ABG Shipyard, says less than normal – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/transportation/shipping-/-transport/fm-nirmala-sitharaman-defends-time-taken-to-file-fraud-complaint-in-abg-shipyard-says-less-than-normal/articleshow/89570021.cms Synopsis Opposition Congress has accused those sitting in the highest echelons of power in the Narendra Modi government of complicity, collusion and connivance
Amend clause on criminalising customs data publication – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/amend-clause-on-criminalising-customs-data-publication/article65002173.ece Ambiguity needs to be removed so that analysing data from various sources is not hindered A six-month imprisonment is no trivial matter. More
Non-replenishment of ATMs due to unforeseen circumstances: RBI accepts stakeholders’ plea for penalty waiver – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/rbi-accepts-stakeholders-plea-for-waiver-of-penalty-for-non-replenishment-of-atms-due-to-unforeseen-circumstances/article65001659.ece An India Post Micro ATM for farmers in Hyderabad | Photo Credit: NAGARA GOPAL Decision will come as a relief for banks, white
Wrong prescription – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/the-effort-to-outlaw-expenditure-incurred-on-drug-promotion-may-not-prove-effective/article65002067.ece Regulating drug promotion expenses | Photo Credit: FLOORTJE The effort to outlaw expenditure incurred on drug promotion may not prove effective This year’s
Taking a byte out of cyber threats – The Hindu
Clipped from: https://www.thehindu.com/opinion/lead/taking-a-byte-out-of-cyber-threats/article38414892.ece Rather than wait for the ‘Big Bang cyber attack’, nations and institutions ought to be prepared for a rash of cyber strikes Cyber
Over 26,000 ways an entrepreneur can land in jail for non-compliance of business laws – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/over-26000-ways-an-entrepreneur-can-land-in-jail-for-non-compliance-of-business-laws/article64999953.ece Five States have more than 1,000 imprisonment clauses in their business laws — Gujarat (1,469), Punjab (1,273), Maharashtra (1,210), Karnataka (1,175) and Tamil
Awaiting Justice: Delays in settling disputes, overload in admission of cases & language of judgements mar justice delivery – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/awaiting-justice-delays-in-settling-disputes-overload-in-admission-of-cases-language-of-judgements-mar-justice-delivery/2429807/ Part of the mess is because of the complicated nature of inheritance and succession laws, even more so if the individual dies intestate.
Over 26,000 clauses that can put entrepreneurs in jail for non-compliance with business laws: Report – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-over-26000-clauses-that-can-put-entrepreneurs-in-jail-for-non-compliance-with-business-laws-report/2430450/ Ease of Doing Business for MSMEs: “This regulatory overreach impacts not just entrepreneurs running for-profits, but not-for-profit institutions as well. There is a
Buyer shouldn’t pay for bank’s mistake | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/buyer-shouldn-t-pay-for-bank-s-mistake-122013000883_1.html Despite the State Commission having concluded that there was deficiency in service on the part of the bank, it had not been held
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