SEBI Fines Rs 3.75 Crore On Former Kwality Ltd. Executives For Financial Misrepresentation

The Securities and Exchange Board of India (SEBI) has imposed a fine against former senior management of Kwality Ltd for their involvement in misstating financial figures between FY 2017 and FY 2019. SEBI has imposed fines totalling Rs 3.75 crore on Sanjay Dhingra, the former Chairman and Managing Director; Sidhant Gupta, former Executive Director and non-executive Director; and...

RBI Imposes Penalty For Rs 29.60 lakh On HSBC Bank For Non-Compliance With Card Operations Regulations

The Reserve Bank of India (RBI) recently announced the imposition of a monetary penalty amounting to Rs 29.60 lakh on HSBC Bank stating non-compliance with regulatory directives concerning credit card, debit card, and rupee denominated co-branded prepaid card operations. According to the RBI's statement released on June 28, HSBC Bank failed to adhere to specific directions outlined...

New Criminal Laws : Compilation Of Articles On BNS, BNSS & BSA

The new criminal laws, the Bharatiya Nyaya Sanhita (BNS), the Bharatiya Nagarik Suraksha Sanhita (BNSS) and the Bharatiya Sakshya Adhiniyam(BSA) are taking effect from tomorrow, July 1, 2024. These laws repeal and replace the Indian Penal Code, the Code of Criminal Procedure and the Indian Evidence Act respectively.Here is a compilation of the articles published in LiveLaw explaining,...

SEBI Bars Proprietor Of GN Traders for Illegal Investment Advisory Services

The Securities and Exchange Board of India (SEBI) has imposed issued an order against Kashif Siddique, the proprietor of GN Traders, for his involvement in illegal investment advisory services. SEBI has barred Siddique from operating in the securities market for two years and imposed a fine of Rs 11 lakh. Additionally, he has been directed to refund Rs 1.40 crore, which he collected as...

BREAKING | WB Governor CV Ananda Bose Approaches Calcutta High Court Alleging Defamation By CM Mamata Banerjee

West Bengal Governor CV Ananda Bose has approached the Calcutta High Court with a suit of defamation against WB Chief Minister Mamata Banerjee.The plea comes in the aftermath of the Chief Minister allegedly making comments against the Governor stating that she had been informed by women that they did not feel safe visiting the Raj Bhavan due to recent allegations of sexual harassment against...

Rajya Sabha MP P Wilson Writes To Union Law Minister Arjun Ram Meghwal To Stop Implementation Of New Criminal Laws

Senior Advocate and Rajya Sabha MP P Wilson has written to Union Law and Justice Minister Arjun Ram Meghwal to stop the implementation of Bharatiya Nagarik Suraksha Sanhita, Bharatiya Nyaya Sanhita, and Bharatiya Sakshya Adhiniyam until extensive consultation is undertaken with all stakeholders and to reconsider the necessity of enacting the new criminal laws. Wilson said...

SEBI Imposes Two-Year Market Ban On 4W Wealth Management And Directors, Orders Refund Of Rs12.83 Crore For Illegal Investment Advisory Services

The Securities and Exchange Board of India (SEBI) has ordered a two-year market ban against 4W Wealth Management Pvt Ltd, along with the firm's directors, Bhavesh P Bhensdadia, Rinkalkumar Mohanbhai Chopda, Vivek Laxmanbhai Patel, Nileshbhai Chandubhai Patel, and Parth Kanubhai Patel. The order also involved a mandate to refund Rs12.83 crore collected as fees from investors, due to...

NEET-UG Malpractices Case | Gujarat Court Remands 4 Accused To 4-Day CBI Custody

Today, a special CBI court in Gujarat's Godhra District remanded four accused to four days of Central Bureau of Investigation (CBI) custody in connection with malpractices at NEET-UG held at Jalaram School in Godhra's Parvadi village. The people sent to CBI's custody by Principal District Judge of Panchmahal, C K Chauhan are Jay Jalaram School's principal, Purushottam...

Role Of Judges Is To Serve People, Not Be Revered As 'Deities' In The 'Temple Of Justice': CJI DY Chandrachud

Chief Justice of India (CJI) DY Chandrachud, during the inaugural session of the two-day East Zone II Regional Conference of the National Judicial Academy in Kolkata, emphasized the dangers of equating judges with gods. He stressed that the role of judges is to serve public interest, not to be revered as deities.CJI Chandrachud expressed his discomfort with the notion of the court as a "temple...

Liquor Policy: Delhi Court Remands Chief Minister Arvind Kejriwal To Judicial Custody In CBI Case

A Delhi Court on Saturday remanded Chief Minister Arvind Kejriwal to judicial custody till July 12 in the FIR registered by the Central Bureau of Investigation (CBI) in relation to the corruption case connected to the alleged liquor policy scam.Vacation Judge Sunena Sharma of Rouse Avenue Courts passed the order after Kejriwal was produced in court on the expiry of his three days of CBI...

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Postpone Implementation Of New Criminal Laws : PUCL Writes To Law Ministers

People's Union for Civil Liberties (PUCL) has written a letter to the Union Law Minister Arjun Ram Meghwal requesting the postponement of the implementation of 3 Criminal Laws beyond 01st July 2024. A national discussion on the nature, need, scope and content of the three new laws has also been requested. The laws, viz. Bharatiya Nyaya Sanhita (BNS), the Bharatiya Nagarik...