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Legal Era

From Legal Era
Securities And Exchange Board Of India Consults Centre, Begins Work To Ease Norms For Foreign Portfolio Investors
[ By Bobby Anthony ]The Securities And Exchange Board of India is in the process of considering easier investment norms to attract foreign portfolio investors (FPIs).FPIs and overseas funds had...
IL&FS Auditors Get A Reprieve After The National Company Law Tribunal Stays Its Previous Order To Prosecute Them
[ By Bobby Anthony ]Auditors of fraud tainted IL&FS gained a reprieve after the National Company Law Tribunal (NCLT) stayed its July 18 order to implead Deloitte Haskin & Sells as well as BSR &...
Nirav Modi To Remain In Wandsworth Prison Until August 22 After Westminster Magistrates’ Court Denies Him Bail
[ By Bobby Anthony ]Fugitive diamond merchant Nirav Modi, who is wanted in connection with the nearly USD 2 billion Punjab National Bank (PNB) fraud and money laundering case, has been further...
Bill To Amend The Companies Act In Order To Penalize Firms For Not Spending CST Funds Tabled In The Lok Sabha
[ By Bobby Anthony ]A Bill has been introduced in the Lok Sabha to amend the Companies Act in order to penalize companies and officials, if funds meant for corporate social responsibility (CSR) remain...
Forensic Auditors Inform Supreme Court That Amrapali Diverted Funds To Firms Linked To Dhoni, His Wife Sakshi
[ By Bobby Anthony ]Forensic auditors have informed the Supreme Court that the Amrapali Group had entered into allegedly sham agreements with companies linked to cricketer Mahendra Singh Dhoni and his...
ArcelorMittal Plea For Worldwide Freeze On Essar Steel Parent Company Rejected By Cayman Island Grand Court
[ By Bobby Anthony ]The Grand Court of Cayman Island has rejected ArcelorMittal SA’s plea for a Garnishee Order and a freezing injunction against Essar Global Fund Ltd, which is the parent firm of the...
S&R Associates advised SmartE to Expand 3-Wheeler Operations in India
S&R Associates advised Treasure Vase Ventures Private Limited (TVVPL), owner and operator of SmartE, India’s first and largest three wheeler electric mobility service, is set to rapidly expand...
Special CBI Court Charges Industrialist Naveen Jindal, Four Others In Connection With Allocation Of Coal Block In MP
[ By Bobby Anthony ]Charges have been framed against industrialist Naveen Jindal and four others by a special court of the Central Bureau of Investigation (CBI) in New Delhi.They have been charged for...
Securities Appellate Tribunal Directs SEBI To Investigate Alleged Violation Of The Companies Act By Cairn India
[ By Bobby Anthony ]Capital market regulator Securities and Exchange Board of India (SEBI) has been directed by the Securities Appellate Tribunal (SAT) to investigate alleged violation of the...
Insolvency And Bankruptcy Code Amendment Bill Tabled In The Rajya Sabha As Government Backs Financial Creditors
[ By Bobby Anthony ]The Insolvency and Bankruptcy Code Amendment Bill was tabled in the Rajya Sabha recently.Even as it tabled the Bill, the government came out in support of financial creditors and...
National Company Law Appellate Tribunal Upholds National Company Law Tribunal Order To Liquidate Moser Bael Solar
[ By Bobby Anthony ]The National Company Law Tribunal’s (NCLT) order to liquidate Moser Baer Solar Ltd (MBSL) has been upheld by the National Company Law Appellate Tribunal (NCLAT).The NCLT had...
National Consumer Disputes Redressal Commission Rules That Bank Must Compensate Customer If It Loses His Check
[ By Bobby Anthony ]The National Consumer Disputes Redressal Commission (NCDRC) has effectively ruled that a bank must compensate a customer if it loses his bank check.Recently, the NCDRC dismissed a...











