Good reputation and character is very important for appointment as an Insolvency Professional under the insolvency law and past actions cannot be ignored to judge fitness for the job, the Delhi High Court has said. The court’s observations came while dismissing a petition by a banker challenging the Insolvency and […]
Legal News
Market regulator Sebi has slapped a fine of Rs 16 lakh on Stock Holding Corporation of India Ltd for violating foreign portfolio investor rules. The decision came after Sebi had conducted an inspection of documents, and other records of SHCIL, a Designated Depository Participant (DDP), to verify the possible violations […]
Capital markets regulator Sebi on Thursday exempted three family trusts linked to promoters of Shakti Pumps (India) Ltd from making an open offer to the company’s shareholders following their proposed direct acquisition of shares. The order came after the trusts filed applications with the regulator in May 2023, and sought […]
The Reserve Bank of India has imposed fines on HDFC Bank and Bank of America under the powers vested in it through sections of the FEMA. While HDFC has been fined for violation of the RBI’s directions on acceptance of deposits from non-residents, Bank of America has been imposed a […]
The Central government, on Wednesday, listed 18 Bills to be taken up for consideration and passage during the upcoming winter session of the Parliament, which will be held from December 4 to 22. Among the 18 Bills are significant criminal law legislation aimed at replacing the Indian Penal Code (IPC) […]
Canada’s government has said it has reached a deal with Google for the company to contribute USD 100 million Canadian dollars annually to the country’s news industry to comply with a new Canadian law requiring tech companies to pay publishers for their content. The agreement removes a threat by Google […]
The Kerala High Court has sought responses from Google, the high court administration, and Indian Kanoon in a petition seeking to mask or remove the personal details of two persons from a judgment uploaded online in a criminal case. Justice Devan Ramachandran sought the response while considering a plea filed […]
Markets regulator Sebi has issued a demand notice to Arun Panchariya, asking him to pay about Rs 26.25 crore in a case on manipulation of global depository receipts (GDRs) issuance by Hiran Orgochem Ltd. In its notice issued on November 23, the regulator has also warned Panchariya of arrest and […]
A Delhi court has allowed Karnataka deputy chief minister D K Shivakumar, accused in money laundering case, to travel abroad. Special Judge Vikas Dhull allowed Congress member Shivakumar to travel to Dubai from November 29 to December 3 on an application moved by him. The application claimed that he was […]
The Mines Ministry is in the process of preparing a policy for critical minerals which will include a road map for strengthening the supply chain of these essential resources, an official release said on Monday. Critical minerals such as copper, lithium, nickel, cobalt and rare earth elements are essential components […]