Clipped from: https://www.business-standard.com/article/markets/sat-gives-split-verdict-in-sebi-pnb-housing-case-interim-order-to-continue-121080901738_1.html Sebi’s main contention was that it had power to regulate transfer of securities under section 24 of the Companies Act The law does
Category: Legal
Supreme Court says antitrust probe of Amazon, Walmart’s Flipkart should continue – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/supreme-court-says-antitrust-probe-of-amazon-walmarts-flipkart-should-continue/articleshow/85174131.cmsSynopsis The Competition Commission of India (CCI) ordered the investigation against the companies last year for allegedly promoting select sellers on their e-commerce platforms
Tax consultants challenge constitutional validity of ‘Faceless Appeal Scheme’ in Bombay HC – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/finance/tax-consultants-challenge-constitutional-validity-of-faceless-appeal-scheme-in-bombay-hc/articleshow/85188953.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis One of the oldest industry bodies of professionals has argued that there is a reasonable apprehension in the mind of the taxpayers that
Putting an end to police brutality | The Indian Express
Clipped from: https://indianexpress.com/article/opinion/columns/police-brutality-custodial-deaths-ncrb-data-7444764/ Erring personnel must be promptly punished to send out the clear message that no one is beyond the reach of the law. According
Investors plan to drag SEBI to SAT – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/stock-markets/investors-plan-to-drag-sebi-to-sat/article35804000.ece?homepage=true Allege violations by the fund were impossible without the knowledge of SEBI officials Investors of Franklin Templeton Mutual Fund (FTMF) will drag the
Short claim procedure needed for old policies | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/short-claim-procedure-needed-for-old-policies-121080800683_1.html Section 45 of Insurance Act says claims can’t be rejected in policies older than three years. Then why demand so many papers in
Explaining the law of limitation on interference in anti-trust cases – The Financial Express
lipped from: https://www.financialexpress.com/opinion/explaining-the-law-of-limitation-on-interference-in-anti-trust-cases/2306830/ CCI had taken cognizance of a complaint to investigate deep discounting that has been allegedly extended to certain sellers among Amazon and Flipkart.
Indian bankers in talks as court rulings threaten over $6 billion in loans – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/indian-bankers-in-talks-as-court-rulings-threaten-over-6-billion-in-loans/articleshow/85152461.cmsSynopsis Any failure to recoup the money adds to stress in the banking sector, which is already dealing with an increased level of bad
Threat to human rights is highest in police stations: CJI | India News,The Indian Express
Clipped from: https://indianexpress.com/article/india/custodial-torture-still-prevails-nationwide-sensitisation-of-police-officers-needed-cji-7444413/ Terming the project “Access to Justice” as an “unending mission”, the CJI also said that for becoming a society governed by the rule
Court brightens future of arbitration – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/court-brightens-future-of-arbitration/articleshow/85110277.cmsSynopsis Future Coupons Private Ltd owns 9.82% of Future Retail Ltd. In return for an investment of Rs 1,432 crore in FCPL, which was
NCLT dismisses minority shareholders plea for forensic audit at Golden Tobacco – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/cons-products/tobacco/nclt-dismisses-minority-shareholders-plea-for-forensic-audit-at-golden-tobacco/articleshow/85109345.cmsSynopsis The NCLT also dismissed the plea of minority shareholders, who together hold about 28.28%, to set aside a land deal that the maker
Why Pegasus is just the tip of the iceberg–TIMES OF INDIA
Clipped from: https://timesofindia.indiatimes.com/blogs/Swaminomics/why-pegasus-is-just-the-tip-of-the-iceberg/SA Aiyar Swaminathan S Anklesaria Aiyar is consulting editor of The Economic Times. He has frequently been a consultant to the World Bank and
NCLT admits tea producer McLeod Russel for bankruptcy proceedings – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/nclt-admits-tea-producer-mcleod-russel-for-bankruptcy-proceedings/articleshow/85121116.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The bankruptcy proceedings were initiated by construction company Techno Electric and Engineering Company in 2019 over a default on interest payments towards a
RIL-Future deal: Lenders worried over big hair-cuts, IBC option open | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/ril-future-deal-lenders-worried-over-big-hair-cuts-ibc-option-open-121080601985_1.html Retail entity’s cash flows have been hit, and if the merger deal does not go through, the working of restructuring would be under
SEBI cuts pre-IPO lock-in for non-promoters to six months – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/stock-markets/sebi-cuts-pre-ipo-lock-in-for-non-promoters-to-six-months/article35774541.ece?homepage=true Moves away from ‘promoters’ to ‘controlling shareholders’ idea As the nature of corporate ownership changes, with private equity players and institutional investors increasingly
Big win for Amazon as SC upholds award freezing Future-Reliance deal – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/big-win-for-amazon-as-sc-upholds-award-freezing-future-reliance-deal/article35774440.ece?homepage=true Halts Biyani’s plans to clear group’s mounting debt In a blow to Kishore Biyani’s plans to keep Future Retail afloat, the Supreme Court
FD premature withdrawal process: A single account holder can withdraw a joint bank FD prematurely; here’s how it works, and should you go for it? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/invest/a-single-account-holder-can-withdraw-a-joint-bank-fd-prematurely-heres-how-it-works-and-should-you-go-for-it/articleshow/84967768.cmsSynopsis There could be a situation in the current pandemic where one of the holders is hospitalised and the other needs to draw the
Can a govt bailout package keep Voda-Idea afloat? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/can-a-govt-bailout-package-keep-voda-idea-afloat/article35751574.ece?homepage=true If Voda can’t sustain itself as a going concern, the only option is for it to go under the IBC With both promoters,
Amended LLP Bill will help start-ups, CAs: FM – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/national/amended-llp-bill-will-help-start-ups-cas-fm/article35727361.ece Bill to improve ease of doing business The Rajya Sabha on Wednesday passed the Limited Liability Partnership (Amendment) Bill with a brief debate
Curbing bank frauds – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/curbing-bank-frauds/article35730492.ece Bank staff must not overlook systems and guidelines Ratnakar Bank and Bank of Maharashtra had sanctioned home loans of ₹2.50 crore and ₹1.30
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