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SEBI's Proposed Measures To Curb Speculative Trading In Index Derivatives
The Securities and Exchange Board of India (SEBI) recently announced a series of proposed measures aimed at curbing speculative trading activities in the index derivatives segment. The SEBI's announcement arose from concerns about the exponential rise in trading volume within the futures and options (F&O) segment. Understanding Derivatives Derivatives are financial...
SEBI Introduces Quarterly Disclosure Requirements And New Committees For Stock Exchanges And Clearing Corporations
The Securities and Exchange Board of India (SEBI) has introduced amendments to the regulations governing stock exchanges and clearing corporations. The amended rules now require stock exchanges and clearing corporations to disclose their shareholding patterns on a quarterly basis on their respective websites following the same requirements and format specified in the Securities...
LG Can Nominate Members To Delhi Municipal Corporation Without Delhi Govt's Consent : Supreme Court
In a significant development, the Supreme Court today held that the Lieutenant Governor (LG) of Delhi has the power to nominate aldermen to the Municipal Corporation of Delhi without the aid and advice of the Delhi Government.The Court ruled that the power was a statutory power flowing from the Delhi Municipal Corporation Act, 1957 and hence the Governor need not act as per the aid and advice...
Supreme Court Weekly Round-Up (29 July-04 August, 2024)
Live Law has got you covered with all the latest updates of this last week. This digest aims to inform you about the latest judgments, orders, and Public Interest Litigations (PILs) filed in the Supreme Court during the past week, providing a succinct overview. Orders/ Judgments Supreme Court Refuses To Stay HC Judgment Nullifying Bihar's 65% Quota Law At Present Stage, Agrees...
Unfortunate That Some Governors Are Playing A Role Where They Should Not : Justice BV Nagarathna
Supreme Court judge Justice BV Nagarathna expressed concerns over the actions and inactions of the Governors of some states, saying that they are not acting as per the role envisaged by the Constitution."In today's times unfortunately some of the Governors in India are playing a role where they ought not to and are inactive where they ought to be," Justice Nagarathna said in an address...
Our Progress In Social & Economic Justice Only Because Of Constitution & Dr.Ambedkar's Vision : Justice BR Gavai
Justice BR Gavai on Saturday credited the Constitution of India and Dr. BR Ambedkar's vision for enabling individuals from humble backgrounds, including himself, to reach significant positions. He also highlighted the proactive role of the Supreme Court in promoting social and economic justice, particularly for women and the members of Scheduled Castes and Scheduled Tribes and Other...
Article 341 Intends To Only Give 'Constitutional Identity' To Scheduled Castes; Not To Hold Them As 'Homogenous Class' : Supreme Court
The Supreme Court in its recent decision allowing sub-classification of Scheduled Castes(SCs), observed that Article 341 does not create a 'deeming fiction' and only bestows a 'constitutional identity' upon those backward communities which are listed as Scheduled Castes. The 7-judge Constitution Bench, by 6:1 majority, held that the purpose of Article 341 was to only give a legal recognition...
Local Debt Recovery Tribunal Must Be Established In Jammu And Kashmir, Says Supreme Court
The Supreme Court on Friday (August 2) called for the establishment of local Debt Recovery Tribunals (DRTs) in Jammu and Kashmir.“Someday it has to done. Looking at the topography of Jammu and Kashmir, it has to be done”, the court said.A bench of Justice Abhay Oka and Justice Augustine George Masih was hearing a plea by a bank against the Jammu and Kashmir and Ladakh High Court's...
Supreme Court Rejects Plea Seeking Clearance By Coastal Zone Management Authority For Railway Double-Tracking In Goa
The Supreme Court, yesterday (on July 02) upheld the Bombay High Court's decision stating that prior permission is not required from Goa Coastal Zone Management Authority for doubling of the railway track in Goa. The Bench of Justices Surya Kant and R. Mahadevan said that the issues relating to ecological balance have been adequately addressed by the statutory authorities and the...
Litigants Settle For Less As Process Becomes Punishment; Judges Rejected Lower Settlements At Lok Adalat : CJI DY Chandrachud
Through a series of case anecdotes from the Special Lok Adalat organised by the Supreme Court, the Chief Justice of India DY Chandrachud on Saturday highlighted the inherent problems in the judicial process, due to which parties often feel tempted to end tiresome litigations by accepting settlements even below their legal entitlements.The CJI was speaking at the commemoration function of...
Sub-classification Of Castes Would Amount To States Tinkering With Presidential List : Justice Bela Trivedi's Dissent
The Supreme Court bench of seven judges headed by the Chief Justice of India (CJI) Dr D.Y. Chandrachud and comprising Justices B.R. Gavai, Vikram Nath, Bela M. Trivedi, Pankaj Mithal, Manoj Misra and Satish Chandra Sharma, by 6:1 majority, has held that sub-division of Scheduled Caste to provide reservation to the weakest out of the weak is permissible.Justice Bela dissented. Justice...