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Legal Era

From Legal Era
Supreme Court Stays SAT’s Order Restoring SEBI’s Power to Restrain Erring Auditing Firms
[ By Bobby Anthony ]The Supreme Court has stayed a provision in a Securities Appellate Tribunal (SAT) order which had stopped the Securities & Exchange Board of India (SEBI) from barring auditors from...
Goodwin Procter Hong Kong elevates Abhishek Krishnan to partnership
Abhishek Krishnan was promoted to partnership (private equity partner) at the International US firm – Goodwin Procter Hong Kong last month as part of a group of 33 new global partners. Abhishek is a...
Reliance Industries Denied Waiver By Securities & Exchange Board Of India To Delist Shares Of Bankrupt Alok Industries
[ By Bobby Anthony ]Securities and Exchange Board of India (SEBI) has denied Reliance Industries Limited, a waiver to delist the shares of bankrupt textile firm Alok Industries, which it had purchased...
SBI and Ministry of Finance plan priority status for AIF to revive stalled real estate projects
[ by Kavita Krishnan ]State Bank of India (SBI) and the Ministry of Finance (MoF) are exploring a legal framework where the proposed Alternative Investment Fund (AIF) for reviving stalled real estate...
Mumbai Police EOW Searches Arrested Former PMC Bank Director Rajneet Singh’s Residence; Chasing Other Directors
[ By Bobby Anthony ]The Economic Offenses Wing (EOW) of the Mumbai police has conducted a search at the residence of Rajneet Singh, former director of Punjab and Maharashtra Co-operative (PMC)...
SEBI lays down mechanism to map unique client code with Demat account
[ by Kavita Krishnan ]The Securities and Exchange Board of India (SEBI) issued a notification on 15th November, 2019 regarding “Mapping of Unique Client Code (UCC) with Demat account of the clients”....
Hyderabad-Based Filmmaker Sends Legal Notice To Makers Of Bachchan Film ‘Jhund’ For Alleged Copyright Violation
[ By Bobby Anthony ]Hyderabad-based filmmaker Nandi Chinni Kumar has sent legal notices to makers yet to be released Hindi film 'Jhund' and actor Amitabh Bachchan, who is playing the lead role in the...
Fresh Norms To Ease Foreign Direct Investment Restrictions By JVs And Wholly Owned Subsidiaries Of Indian Companies
[ By Bobby Anthony ]The government is likely to ease restrictions on foreign direct investment (FDI) by joint ventures (JVs) or wholly-owned subsidiaries (WOS) of Indian companies without categorizing...
Ministry of Corporate Affairs notifies IBC Rules 2019
[ by Kavita Krishnan ]The Ministry of Corporate Affairs (MCA) has issued rules that provide a framework for bringing ‘systemically important financial service providers’ under the purview of the...
Liability for vehicle theft from parking rests with the Hotel: Supreme Court
[ by Kavita Krishnan ]The Supreme Court upheld an order passed by the National Consumer Disputes Redressal Commission (‘National Commission’) to pay compensation of Rs 2.8 lakh to an individual whose...
COAI Urges Government To Give Telecom Firms Longer AGR Repayment Time, 2-Year Moratorium, Lower Interest Rate
[ By Bobby Anthony ]The mobile phone service provider industry has urged the government to help telecom companies come out of their debt crisis aggravated by the Supreme Court’s recent adjusted gross...
Justice Akil Kureshi sworn in as new Chief Justice of Tripura High Court
[ by Kavita Krishnan ]Justice Akil Abdulhamid Kureshi has been sworn in as the new Chief Justice of the High Court of Tripura on 16th November 2019.Governor Ramesh Bais administered the oath of office...












