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Legal Era

From Legal Era
NRC process in Assam cannot be re-opened: SC
The Supreme Court of India on 13th August 2019 rejected the Government’s request to re-open National Register of Citizens (NRC) in Assam where illegal immigrants coming from Bangladesh is excessive....
Transfer Pricing Adjustment on Interest Which Has Neither Been Received Nor Accrued To The Assessee Cannot Be Chargeable: ITAT
TMW ASPF CYPRUS (assessee), a private limited company incorporated in Cyprus was engaged in the business of making investments in the real estate sector via fully convertible debentures (FCCDs). The...
Unfair warranty policies by an enterprise prima facie amount to abuse of dominant position and is in contravention of Section 4 of Competition Act, 2002: CCI
Matrix Info Systems Pvt. Ltd. (Informant) filed the present information with the Competition Commission of India (Commission) under Section 19 (1) (a) of the Competition Act, 2002 (Act), against Intel...
Reliance Capital Board Denies All Violations In Letter To Ministry Of Company Affairs; Likely To Drag PwC To Court
[ By Bobby Anthony ]The board of the Anil Ambani- owned Reliance Capital (RCap) has denied all violations raised by its erstwhile auditor PricewaterhouseCoopers (PwC) in a letter written to the...
Jet Airways Founder Naresh Goyal Moves The Delhi High Court To Withdraw His Plea Against Bar On Visit Abroad
[ By Bobby Anthony ]Founder of the grounded Jet Airways, Naresh Goyal, has approached the Delhi High Court seeking to withdraw his petition seeking permission to travel abroad.Goyal has stated in a...
Chartered Accountants’ Society Opposes SEBI Proposal; States That Auditor Exits Are In Conflict With AICAS Norms
[ By Bobby Anthony ]The All India Chartered Accountants’ Society (AICAS) has opposed the Securities & Exchange Board of India’s (SEBI) proposed norms on auditor exits and resignations.The AICAS has...
IL&FS Seeks NCLT Approval To Complete Sale Of Its Wind Energy Unit To Japanese Company Which Owns Major Stake
[ By Bobby Anthony ]Infrastructure Leasing and Financial Services (IL&FS) has filed a proposal to the National Company law Tribunal (NCLT) to complete the sale of its unit called IL&FS Wind Energy Ltd...
Vice President Venkaiah Naidu Advocates Supreme Court Benches Across India To Take Judiciary Closer To The People
[ By Bobby Anthony ]Vice President M Venkaiah Naidu has advocated the need to set up Supreme Court benches in different regions in the country, including one at Chennai, in order to bring the judicial...
US Judge Rules That WikiLeaks Broke No Law By Publishing Documents; Weakens Case For Julian Assange’s Extradition
[ By Bobby Anthony ]United States Federal Judge John G Koeltl recently ruled that WikiLeaks founder Julian Assange did not break any law by publishing hacked Democratic National Congress (DNC)...
Retired Supreme Court of India Justice Madan Lokur takes oath as Judge of the Supreme Court of Fiji
Retired Justice of the Supreme Court of India, Madan Lokur took oath as the Judge of the non-resident panel in the Supreme Court of Fiji on 12th August 2019.Justice Lokur retired as a Judge of the...
A Director of a Company who is completely uninvolved in the activities of the Company will not be liable to repay its creditors: Securities Appellate Tribunal
A complaint was lodged with the Securities and Exchange Board of India (SEBI) against Silicon Projects India Limited (SPIL) in respect of issue of Secured Redeemable Non-Convertible Debentures (NCDs)....
Former Additional Solicitor General of India Amarendra Sharan passed away
Amarendra Sharan, Former Additional Solicitor General of India (ASG) passed away on the wee hours of 12 August 2019 in Rishikesh due to heart attack.Amarendra Sharan joined the Bar in August, 1975 and...












