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Legal Era

From Legal Era
Facebook’s Yet To Be Launched Cyrptocurrency Libra Fails To Convince Skeptical Indian Officials; Law To Jail Violators Likely
[ By Bobby Anthony ]Top Indian officials have stated that India is not keen on allowing transactions in Facebook Inc’s new cryptocurrency called Libra.According to an economic affairs secretary, the...
Punjab National Bank Tells NSE That A Forensic Audit Has Detected Rs 3,800 Crore Fraud By Bhushan Power And Steel
[ By Bobby Anthony ]The Punjab National Bank(PNB) has informed the National Stock Exchange of India Limited (NSE) of a Rs 3,800 crore loan fraud by Bhushan Power & Steel, involving the lender’s...
Budget 2019: Insurance Law Likely To Be Amended As FM Proposes FDI Cap Hike In Insurance Companies, Intermediaries
[ By Bobby Anthony ]Union Finance Minister Nirmala Sitharaman has proposed a 100% foreign direct investment (FDI) in insurance intermediaries in the Union Budget 2019 which she presented. Presently,...
Budget 2019: Know Your Customer Norms To Be Eased For Foreign Portfolio Investors, Says FM Nirmala Sitharaman
[ By Bobby Anthony ]Union Finance Minister Nirmala Sitharaman has stated that Know Your Customer (KYC) norms would be eased for Foreign Portfolio Investors (FPIs), while presenting her maiden...
Budget 2019: Government To Return Regulation Of Housing Finance Companies From NHB To The Reserve Bank Of India
[ By Bobby Anthony ]The central government plans to return regulatory as well as supervisory powers over housing finance companies from the National Housing Bank (NHB), to the Reserve Bank of India...
Shujath Bin Ali New GC at Ramky Enviro
[ By Titus Manickam Rock ]Shujath Bin Ali, Senior Director Legal, Parexel International India, has been appointed by Ramky Enviro Engineers, the KKR-backed environment management services company, as...
MCA To Oppose Former Jet Airways Chairman Naresh Goyal’s Plea In Delhi HC To Quash Look Out Notice Issued Against Him
[ By Bobby Anthony ]The Ministry of Corporate Affairs (MCA) is set to oppose former Jet Airways chairman Naresh Goyal’s plea to quash a Look Out Circular (LOC) issued against him when it comes up for...
Payal Tadvi suicide: Probe in 2 Weeks
[ By Titus Manickam Rock ]The Crime Branch of the Mumbai Police will conclude investigation in the Dr Payal Tadvi suicide case within two weeks, Special Public Prosecutor Raja Thakare submitted in the...
NCLAT Reserves Order On Admission Of Contempt Plea Against Anil Ambani For Failing To Pay Minority Investor
[ By Bobby Anthony ]The National Company Law Appellate Tribunal (NCLAT) has reserved its order on whether contempt proceedings should be initiated against Reliance Communication (RCom) Chairman Anil...
GHCAA Moves Supreme Court Seeking Direction To Centre To Appoint Justice Akil Kureshi Madhya Pradesh HC Chief Justice
[ By Bobby Anthony ]The Gujarat High Court Advocates’ Association (GHCAA) has moved the Supreme Court seeking a direction to the central government to appoint Justice Akil A Kureshi as Chief Justice...
Anonymous Complainant Had Blown The Whistle That ICRA Top Bosses Assigned High Ratings To IL&FS And Subsidiaries
[ By Bobby Anthony ]A Serious Fraud Investigation Office (SFIO) report has stated that an anonymous complaint had alleged that there were lapses when ICRA had assigned high 'AAA' ratings to IL&FS and...
RBI Slaps Penalties Of Rs 50 Lakh Each On UCO, Allahabad Bank For Non-Compliance With Know Your Customer Norms
[ By Bobby Anthony ]The Reserve Bank of India (RBI) has imposed penalties of Rs 50 lakh each on UCO Bank and Allahabad Bank for non-compliance with know your customer (KYC) norms, Anti-Money...











