REGULATIONS


The Cabinet Committee on Economic Affairs on Tuesday approved the supply of gas at uniform delivered price through a pooling mechanism for 30 urea manufacturing units in the country.   Calling it "a historic moment for farmers", Communications Minister Ravi Shankar Prasad announced...

Read More



The union cabinet on Tuesday aligned the definition of the term "private sector company" to that in the guidelines for the Viability Gap Funding Scheme (VGF Scheme) for PPP projects.   The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, approved the...

Read More



Market regulator SEBI is gearing up to penalise listed companies not having a woman director on their boards   Correction: Rectified after clarification from IANS and SEBI   Market regulator Securities and Exchange Board of India (SEBI) is gearing up to penalise listed...

Read More



Section 66A, is only one of many ways in which the State and its entities can unjustly curtail individual freedom. Here is one more example—of SEBI   The social media erupted in jubilation over the Supreme Court (SC) of India’s judgement scrapping Section 66A of the Information...

Read More



Moneylife Digital Team 28 March 2015
Networth Marketing Limited was mobilising funds from investors under its schemes for sale and purchase of real estate (plots in sq. metres) without being registered with SEBI   SEBI passed an Order directing Networth Marketing Limited (NML), and its directors viz., Anis Mohamad Kazi,...

Read More



Moneylife Digital Team 28 March 2015
PineBridge Mutual Fund has transferred its schemes to Kotak Mahindra Mutual Fund   Securities and Exchange Board of India (SEBI) has cancelled the certificate of registration of PineBridge Mutual Fund on 27 March 2015, and has withdrawn the approval granted to PineBridge Investments...

Read More



Moneylife Digital Team 27 March 2015
The company was engaged in fund mobilising activity through issue of equity shares to public without complying with the relevant provisions of the Companies Act, 1956, provisions of SEBI (Disclosure and Investor Protection) Guidelines, 2000 and the provisions of the SEBI (Issue of Capital and...

Read More



Moneylife Digital Team 26 March 2015
Quashing a ban, the Nagpur Bench of Bombay HC said authorised representatives of automobile dealers are permitted to enter RTO premises after completing certain formalities   The Nagpur Bench of the Bombay High Court, in line with an earlier verdict issued in 2002, quashed the ban on...

Read More



Moneylife Digital Team 25 March 2015
Jaipur Stock Exchange Limited is the eleventh Stock Exchange to exit under this policy of SEBI   SEBI passed an Order on 23 March 2015 providing the exit to Jaipur Stock Exchange Limited (JSEL). SEBI vide circular dated 30 May 2012 had issued the Guidelines for exit of stock...

Read More



Moneylife Digital Team 25 March 2015
Cell Industries was engaged in fund mobilising activity through issue of Redeemable Preference Shares and NCDs to more than 49 persons without complying with the provisions of the Companies Act, 1956   SEBI passed an Interim Order dated 17 March 2015 in the matter of Cell Industries...

Read More



The government has decided to change the definition of what constitute small and medium enterprises, notably by raising the capital caps for qualification, in a bid to revive a sector that is India's second-largest employer, with a 40 percent share in exports.   A draft bill has...

Read More



Moneylife Digital Team 24 March 2015
In an historic decision, the Supreme Court struck down the 'draconian' Section 66A of the IT Act, thus guaranteeing citizens fundamental right to freedom of speech and expression    The Supreme Court on Tuesday struck down Section 66A of the Information Technology (IT) Act holding it...

Read More



The Supreme Court on Monday gave Sahara a "final and last opportunity" to raise Rs.10,000 crore to make a part payment to investors for the money raised through OFCDs in 2008-09, for release of Subrata Roy and two directors from custody.   The apex court bench of Justice T.S.Thakur,...

Read More



Moneylife Digital Team 23 March 2015
The company was engaged in fund mobilising activity through issuance of Secured Non-Convertible Redeemable Debentures, to more than 49 persons, without complying with the relevant provisions of the Companies Act,1956 and provisions of the SEBI (issue and Listing of Debt Securities)...

Read More



Moneylife Digital Team 23 March 2015
The URO group of companies were engaged in fund mobilising activity through issue of equity shares to more than 49 persons without complying with the provisions of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 ("ICDR Regulations") and the provisions of the Companies...

Read More



In a bid to get back ill-gotten money stashed by Indians abroad, curb the menace and deter future such practices, the proposed new law not only seeks stringent action against perpetrators but also abetors like banks, chartered accountants, directors and employees.   "In keeping with...

Read More



The Supreme Court on Monday issued notice to the centre, the CBI and Essar on a PIL seeking a probe into the high-level political-bureaucrat-corporate nexus exposed in e-mail leaks wherein a corporate house allegedly granted favour to ministers and bureaucrats for promoting its...

Read More



Facing a road block in parliament and widespread protests, the government has now decided to go slow on the contentious land acquisition bill and may let the ordinance promulgated on the issue lapse. Knowledgeable sources said the government is unlikely to discontinue either of the houses in...

Read More



For Harish, being able to ply his e-rickshaw on the roads of the national capital without any hindrance from law is still a far cry.   As the sole bread winner of his family, Harish, a father of five, says he has to "grease the palm" of the authorities to be allowed to run his...

Read More



With the coal ordinance permitting auction of cancelled blocks due to lapse early April, the Rajya Sabha on Friday passed the Coal Mines (Special Provisions) Bill, 2014, in the nick of time before parliament goes into its scheduled month-long recess.   Failure to pass the bill,...

Read More

Free Helpline
Legal Credit
Feedback