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Legal Era

From Legal Era
NCLAT allows JSW Steel to acquire BPSL, grants immunity
[ by Kavita Krishnan ]In a major relief to JSW Steel, the National Company Law Appellate Tribunal (NCLAT) permitted the steel major to acquire the bankrupt Bhushan Power and Steel Ltd and provided it...
SEBI develops an online system for detecting misuse of clients’ securities by brokers
[ by Kavita Krishnan ]After observing that in the recent years, some brokers have been misusing clients’ securities received as collateral to meet their own settlement obligation or obligations of...
SEBI Probe Finds Violation Of Norms By Sun Pharma
[ By Bobby Anthony ]The Securities and Exchange Board of India (SEBI) has found that Sun Pharmaceuticals Ltd had violated its listing and disclosure norms by not revealing a related-party transaction...
Changes in competition law proposed to bring buyer cartels under CCI purview
[ by Kavita Krishnan ]Buyers forming a cartel may be penalised once the changes proposed by the Ministry of Corporate Affairs (MCA) to the Competition Act are enacted. Currently the CCI deals with...
CCI to get more powers to regulate M&As involving tech companies
[ by Kavita Krishnan ]The Competition Commission of India (CCI) will get more powers to supervise mergers and acquisitions (M&As) involving technology companies, which are currently out of its...
Court Takes Cognizance Of ED Chargesheet Against Talwar
[ By Bobby Anthony ]A special court has taken cognizance of the charge sheet filed by the Enforcement Directorate (ED) in a case pertaining to alleged violation of the Foreign Contribution Regulation...
SEBI Bans Resurgere Mines Officials From Capital Market
[ By Bobby Anthony ]The Securities & Exchange Board of India (SEBI) has restrained officials of Resurgere Mines & Minerals India Ltd from the capital market for up to three years for flouting market...
SEBI Bans Midvalley Entertainment From Capital Market
[ By Bobby Anthony ]The Securities & Exchange Board of India (SEBI) has banned Midvalley Entertainment Ltd and its independent directors from the capital market for seven years for diverting IPO...
IRDAI Slams Oriental Insurance For Disguising Commissions
[ By Bobby Anthony ]The the Insurance Regulatory and Development Authority (IRDAI) has continued its crackdown on the industry practice of paying higher commission to distributors for motor...
Flipkart Challenges Probe Into Competition Law Violations
[ By Bobby Anthony ]Flipkart has filed a legal challenge against a Competition Commission of India (CCI) investigation into alleged violations of competition law and certain discounting practices.The...
Delhi HC Stays NAA Order Against For GST Profiteering
[ By Bobby Anthony ]The Delhi High Court has stayed the National Anti-profiteering Authority’s (NAA) order against Nestlé once again, in order to recover Rs 73 crore by March 2020 for not passing on...
Finance Ministry issues advisory to Banks to avoid bankruptcy trials for defaults which are less than Rs. 200 crores
[ by Kavita Krishnan ]The Finance Ministry has apparently issued an advisory to the Indian Banks’ Association (IBA) asking it to avoid referring companies with loans defaults of less than Rs. 200...











