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Legal Era

From Legal Era
Draft Bill Which Seeks To Introduce 10-Year Jail Term For Cryptocurrency Users, Miners On Its Way To The Parliament
[ By Bobby Anthony ]A new new bill seeking to introduce a decade-long jail sentence for mining, holding, buying or selling any cryptocurrency is on its way to the Parliament of India for...
Securities Appellate Tribunal Rejects NSE Plea Allowing It To Provide A Bank Guarantee To SEBI In The Co-Location Case
[ By Bobby Anthony ]A National Stock Exchange (NSE) plea to allow it to provide a bank guarantee instead of transferring Rs 687 crore from an escrow account to the Securities and Exchange Board of...
DoT Moves Legally To Ensure That Spectrum Held By Bankrupt Telecom Firms Is Not Sold During Insolvency Resolution
[ By Bobby Anthony ]The Government of India’s Department of Telecom (DoT) is in the process of seeking expert legal opinion and may even consider moving the Supreme Court if necessary to ensure that...
Despite Medical Difficulties Justice Gita Mittal Continues To Hear Cases From Her Residence Through Video Conferencing
[ By Bobby Anthony ]Chief Justice of the Jammu & Kashmir High Court Gita Mittal has been hearing cases through video conferencing facilities from her official residence, after suffering a fracture,...
Supreme Court Vacates Stay On NCLAT Order, Allows SFIO To Reopen And Recast Accounts of IL&FS And Three Subsidiaries
[ By Bobby Anthony ]The Supreme Court has allowed the Serious Fraud Investigation Office (SFIO) to reopen as well as recast the accounts of Infrastructure Leasing & Financial Services (IL&FS), IL&FS...
Discussions Being Conducted In the United States about a Draft Bill Which Proposes To Patent Genes of Human Beings
[ By Bobby Anthony ]Lawmakers in the United States are weighing a new proposal which could allow human genes to be patented by private companies.If a bipartisan draft bill released recently by...
Rent From Sub-Letting Warehouse For Commercial Purposes Is ‘Other Income’, Rules Income Tax Appellate Tribunal
[ By Bobby Anthony ]All income received by any individual or company by sub-letting a warehouse for any commercial purpose is liable to be taxed as “income from other sources” and not under the head...
Delhi HC Rejects Public Interest Litigation Which Sought To Stay The Release Of Salman Khan Starrer ‘Bharat’ On June 5
[ By Bobby Anthony ]The Delhi High Court has rejected a public interest litigation (PIL) seeking an interim stay on the release of the Salman Khan-starring movie ‘Bharat’ which is all set to release...
Asus Restrained By Delhi High Court From Selling, Advertising Mobile Phones Or Accessories Under ‘Zen’ Trademark
[ By Bobby Anthony ]Mobile phone maker Asus Technology Pvt Ltd has been restrained by the Delhi High Court from selling and advertising mobile phones, accessories, or any other related products under...
Kotak Mahindra Bank Tells Bombay High Court That It Differs With RBI’s Interpretation Of Law On Promoters’ Shareholding
[ By Bobby Anthony ]In an affidavit submitted to the Bombay High Court, Kotak Mahindra Bank promoter Uday Kotak has stated that he differed with banking regulator Reserve Bank of India’s (RBI)...
SEBI Sends Show Cause Notices To Officials Of Mutual Fund Houses For Extending Maturity Of Fixed Maturity Plans
[ By Bobby Anthony ]HDFC Mutual Fund Managing Director Milind Barve, some top officials at the company as well as HDFC Trustee Company were sent legal notices by the Securities and Exchange Board of...
Delhi High Court Quashes 'Make In India' Notification Giving Preferential Commercial Treatment To Ships Built In India
[ By Bobby Anthony ]The Delhi High Court has quashed a notification under the Government of India’s ‘Make in India’ program, which provided preferential commercial treatment to ships built in...












