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NEET-UG 2024 | 'Award Of Grace Marks Arbitrary' : Plea In Supreme Court Seeks Recall Of NEET-UG Results & Re-Exam
Alleging widespread discrepancies in the recently declared results of the National Entrance cum Eligibility Test (NEET) for the Under Graduate medical course admissions, a petition has been filed in the Supreme Court to recall the NEET-UG 2024 results & the conduct of a fresh examination.The petitioners have alleged arbitrariness in the grant of grace marks. In this regard, it was...
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SEBI Establishes Committee To Review Ownership And Economic Structure Of Clearing Corporations
The Securities and Exchange Board of India (SEBI) has formed an ad-hoc expert committee chaired by Usha Thorat, a former Deputy Governor of the Reserve Bank of India (RBI). The committee is tasked with proposing measures to ensure that clearing corporations function as resilient, independent, and neutral risk managers. The Gandhi Committee's 2018 report emphasized the need for...
Misuse Of Client Funds Is Serious Violation: SEBI Penalizes Goldenmaple Commodities For Misuse Of Client Funds And Record-Keeping Failures
The Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs 3 lakh each on Goldenmaple Commodities Pvt Ltd and its directors, Sanjay Kumar Mishra and Rupesh Kumar, for regulatory violations. The violations included misutilisation of client funds and failure to maintain proper records for client order placements. In an adjudicating order, SEBI highlighted the...
SEBI Can Now Impose Fine On Market Infrastructure Institutions (MIIs) For Surveillance-Related Lapses
The Securities and Exchange Board of India (SEBI) has issued a circular to address surveillance-related lapses at market infrastructure institutions (MIIs). MIIs such as stock exchanges, clearing corporations, and depositories may be fined which are found to be deficient in surveillance activities. These lapses include the implementation of decisions made during...
SEBI Extends Reporting Deadlines For Foreign Portfolio Investors, Offers Greater Flexibility
The Securities and Exchange Board of India (SEBI) has introduced changes related to reporting requirements for Foreign Portfolio Investors (FPIs) which offers them greater flexibility. The primary modification introduced by SEBI involves the categorization of material changes notified by FPIs into two distinct groups: Type I and Type II. Type I introduces which may impact...
Appellate Tribunal Quashes ED Attachment Of NCP Leader Praful Patel's Properties
An Appellate Tribunal in Delhi has quashed orders of attachment of properties of Nationalist Congress Party leader Praful Patel, his wife and his company in a money laundering case, as well as the order of Adjudicating Authority confirming the provisional attachment. A coram comprising of Chairman, Justice Munishwar Nath Bhandari and Member Balesh Kumar allowed the appeals moved by Praful...
SEBI Mandates Direct Transfer Of Securities To Client Demat Accounts
The Securities and Exchange Board of India (SEBI) has issued new guidelines mandating the direct transfer of securities to clients' demat accounts by clearing corporations. These guidelines, outlined in a circular titled "Enhancement of operational efficiency and Risk Reduction--Pay out of securities directly to client demat account," will come into effect from October...
Plea In Supreme Court Seeks Govt, SEBI Reports On Stock Market Crash After Lok Sabha Election Results
An application has been filed before the Supreme Court seeking directions to the Union Government and the Securities and Exchange Board of India (SEB)I to submit a detailed report on the Share Market crash and the loss of investors after the Lok Sabha 2024 Polls Results. The application has been moved by Advocate Vishal Tiwari as an Interlocutory Application in the writ petition filed...
Swati Maliwal Assault Case: Delhi Court Rejects Second Bail Plea Of Accused Bibhav Kumar
A Delhi Court on Friday dismissed the second bail plea moved by Chief Minister Arvind Kejriwal's aide Bhibhav Kumar the alleged Swati Maliwal assault case.Special judge Ekta Gauba Mann of Tis Hazari Courts observed that the investigation in the case is at initial stage and that there is fear in the mind of the victim regarding her safety and security as she is receiving continuous threats....