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Legal Era

From Legal Era
Infosys Whistleblowers Write To US Securities & Exchange Commission Accusing CEO, CFO Of ‘Unethical Practices’
[ By Bobby Anthony ]Whistleblower employees at Infosys have written to the United States Securities and Exchange Commission (SEC) as well as the Infosys board, accusing its Chief Executive Officer...
SEBI circular on Framework for Issue of Depository Receipts
The Securities and Exchange Board of India (SEBI) has introduced a framework for issuance of depository receipts by companies listed or to be listed in India, via its circular dated October 10, 2019.A...
California Consumer Privacy Act
Third party developers have been reading Gmail users’ e-mails due to which people are increasingly concerned about the use and misuse of their personal information.California passed the Consumer...
Bombay HC Halts DRI Investigation; Grants Relief To Adani Group In Rs 29,000-Crore Coal Imports Overvaluation Case
[ By Bobby Anthony ]The Bombay High Court has passed an order halting a Directorate of Revenue Intelligence (DRI) probe into alleged overvaluation of Rs 29,000-crore Indonesian coal imports by the...
Kotak Mahindra Asset Management, Axis MF Move Bombay HC Against DHFL Seeking Disclosure Of Assets And Liabilities
[ By Bobby Anthony ]Kotak Mahindra Asset Management and Axis Asset Management have moved the Bombay High Court to seek a direction to beleaguered mortgage lender DHFL to disclose all its assets as...
Tata Trusts Contest Income-Tax Department’s Move To Reopen Assessment, Surrender Their Registrations In 2015
[ By Bobby Anthony ]Two Tata Trusts have contested the reopening of assessment by the Income Tax Department.The Tata Trusts have taken the position that they already surrendered registration...
IndiGo Co-Founder Rahul Bhatia Moves Courts In United States Against His Estranged Partner Rakesh Gangwal
[ By Bobby Anthony ]The feud between IndiGo (InterGlobe Aviation) co-founders Rahul Bhatia and Rakesh Gangwal has reached the US shores.IndiGo co-founder Rahul Bhatia has sought the intervention of...
SC Refuses To Entertain Petition By Punjab & Maharashtra Co-Operative Bank Depositors To Lift Withdrawal Limits
[ By Bobby Anthony ]The Supreme Court has refused to entertain a plea by Punjab & Maharashtra Co-operative (PMC) Bank account holders seeking lifting of restrictions on cash withdrawals.Coming as a...
Chief Justice Of India Ranjan Gogoi Writes To Law Ministry Recommending Justice Sharad Arvind Bobde As The Next CJI
[ By Bobby Anthony ]Chief Justice of India Ranjan Gogoi has sent a letter to the Union Ministry of Law and Justice recommending Justice Sharad Arvind Bobde, the senior-most judge of the Supreme Court,...
Securities & Exchange Board Of India May Tighten Rules For Participatory Notes Issued By Brokers To Foreign Investors
[ By Bobby Anthony ]The Securities and Exchange Board of India (SEBI) is likely to further tighten rules for participatory notes (P-notes), which are offshore derivative instruments issued by brokers...
Reserve Bank Of India Imposes Rs 3 Crore Penalty on SBM Bank India For Not Complying With Regulatory Norms
[ By Bobby Anthony ]The Reserve Bank of India (RBI) has imposed a Rs 3 crore penalty on SBM Bank (India) for non-compliance of regulatory norms by SBM Bank (Mauritius), which had amalgamated with the...
ICICI Bank Directed To Pay Rs 55,000 To Customer For Not Informing About Resetting Interest Rate On Home Loan
[ By Bobby Anthony ]The ICICI bank has been directed by a district consumer forum to pay Rs 55,000 to a consumer for failing to inform him about the resetting of the rate of interest on him home...












