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Legal Era

From Legal Era
Cabinet Has Cleared Bill To Replace Ordinance On Corporate Tax Reduction: Union Finance Minister Nirmala Sitharaman
[ By Bobby Anthony ]Union Finance Minister Nirmala Sitharaman has announced that a bill has been approved by the Union Cabinet to replace an ordinance promulgated to reduce corporate tax to 22% in...
SEBI tightens norms for loan default disclosure
[ by Kavita Krishnan ]Markets regulator Securities and Exchange Board of India (SEBI) approved stricter disclosure norms for listed companies on loan defaults and revised its regulations for portfolio...
Two NGOs Move Supreme Court Seeking Probe Into Alleged Discrepancies In 2019 Lok Sabha Poll Voter Turnout Data
[ By Bobby Anthony ]Two non-government organizations (NGOs) have moved the Supreme Court seeking a probe into alleged discrepancies in voter turnout data and votes counted in 347 constituencies during...
WhatsApp vulnerable to attacks according to Cyber Security Agency
[ by Kavita Krishnan ]The Computer Emergency Response Team-India (CERT-In) has warned WhatsApp users against a “vulnerability” that can attack the social media messaging app and compromise an...
Yash Raj Films Directors Aditya, Uday Chopra Named In FIR For ‘Pocketing’ Rs 100 Crore Music Royalties Meant For IPRS
[ By Bobby Anthony ]The Economic Offences Wing (EOW) of the Mumbai police has filed a First Information Report (FIR) naming Yash Raj Films Company as well as its directors Aditya Chopra and Uday...
General Motors sues Fiat Chrysler over bribery schemes
[ by Kavita Krishnan ]General Motors (GM) sued its rival Fiat Chrysler Automobiles (Fiat Chrysler) on 20th November 2019, asserting that it bribed United Auto Workers (UAW) officials in contract...
RBI Takes Control Of DHFL Board; To Urge NCLT To Appoint Resolution Professional In Charge Of Its Insolvency Process
[ By Bobby Anthony ]The Reserve Bank of India (RBI) has taken control of Dewan Housing Finance Corp Ltd’s board, citing “governance concerns and defaults”, and announced that it would ask the National...
Shardul Amarchand Mangaldas advises Grofers International Pte. Limited
Shardul Amarchand Mangaldas & Co (SAM & Co), has advised Grofers and its founders for its Series F Fund raising round of approximately USD 250 million which was led by its largest shareholder,...
Government Defers Spectrum Payments giving telecom giants a major sigh of relief
[ by Kavita Krishnan ]In a major relief to the stressed telecom sector, the Cabinet Committee on Economic Affairs has approved the plan to defer spectrum payment to the tune of Rs. 1.47 lakh crore...
RBI affidavit details how it was ‘cheated’ by scam-hit PMC Bank
[ by Kavita Krishnan ]In a detailed affidavit filed before the Bombay High Court on Tuesday, the Reserve Bank of India (RBI) has virtually admitted that it was ‘cheated’ by the management of the...
Fortis exploring legal means on SC’s contempt notice
[ by Kavita Krishnan ]Fortis Healthcare on Monday said that it is exploring legal means in response to the Supreme Court’s order last week which held the company guilty of contempt.In an exchange...
Jaypee Infra: NBCC offers Rs. 62 crores for home buyers seeking refund
[ by Kavita Krishnan ]State-run construction major NBCC (India) in its resolution plan for the insolvent Jaypee Infratech (JIL) has said it would pay a total of Rs. 62.40 crores to those homebuyers...











