Plea To Direct ECI To Disclose Form 17C Record Of Votes Polled : Live Updates From Supreme Court Hearing

The Supreme Court is hearing today an application seeking the uploading of Form 17C data on the ECI website and the publication of booth wise voter turnout data.A vacation bench of Justices Dipankar Datta and SC Sharma will hear the matter. The application has been filed by NGO Association for Democratic Reforms (ADR). A writ petition filed by TMC leader Mahua Moitra in 2019...

JM Financial And Six Others Settle With SEBI, Pay Over Rs 23 Lakh In Regulatory Violation Case

Seven entities, including JM Financial Ltd and six individuals, have collectively paid a settlement amount of a little over Rs 23 lakh to the Securities and Exchange Board of India (SEBI) to resolve a case concerning alleged violations of various regulations. According to SEBI's order dated May 21, 2024, JM Financial Ltd has paid Rs 15 lakh as a settlement fee, while six individuals...

SEBI Introduces New Framework For Unaffected Price Determination And Market Rumour Verification

The Securities and Exchange Board of India (SEBI) has rolled out framework aimed at regulating the impact of market rumours on stock prices. This framework, announced on May 21, 2024, introduces stringent guidelines for calculating the unaffected price of transactions and mandates listed entities to verify market rumours when significant price movements occur. Framework for...

Companies Can Retain DVR Shares with Differential Voting & Dividend Rights Issued Before SEBI's Restrictive Circular: SEBI

The Securities and Exchange Board of India (SEBI) has clarified that companies can retain Differential Voting Rights (DVR) shares with their original differential voting and dividend rights, provided these shares were issued before SEBI's restrictive circular of July 2009. Jagatjit Industries Limited (JIL), a public limited company engaged in the production of alcoholic beverages,...

CSI Dispute : Supreme Court Restrains HC-Appointed Administrators From Taking Decisions For Elections Or Administration Of Church Of South India

The Supreme Court on Wednesday (May 22) restrained the interim committee of Retired High Court Judges appointed to oversee the elections to the synod of the Church of South India (CSI) from taking any steps towards holding elections to the synod or dealing with the administration of the CSI as an interim measure. The direction has been made in a challenge to the Madras High Court's appointment...

Music Composer Ilaiyaraja Sends Legal Notice To Makers Of “Manjummel Boys” Movie Over Alleged Unauthorised Use Of Song From “Guna” Movie

Legendary music composer Ilaiyaraja has sent a legal notice to the producers of the Malayalam movie “Manjummel Boys” in connection with the alleged unauthorized and improper use of the song “Kanmani Anbodu Kadhalan” from the 1991 movie “Guna”. Ilaiyaraja, who composed the song, claimed that being the first owner of his original musical works, he holds absolute rights,...

Uploading Form 17C Records Of Votes Polled On Website Can Lead To Mischief; General Public Has No Legal Right To Access It: ECI Tells Supreme Court

In the latest development, the Election Commission of India has opposed the plea for public disclosure of the copies of Form 17C (the statutory record of votes polled in a polling station). Opposing the application filed by ADR and Common Cause seeking immediate publication of voter turnout data with respect to the ongoing Lok Sabha Elections, the Election Commission told the Supreme Court...

Pune Porsche Car Accident Case | JJB Remands Minor Accused To Observation Home Till June 5

The Juvenile Justice Board, Pune today cancelled the bail granted to the teenager accused of driving the Porsche car involved in a collision which caused deaths of two persons, and remanded him to an observation home till June 5, 2024, PTI reported.The JJB had granted bail to the minor driver on Sunday. The bail conditions required him to visit the Regional Transport Office, study traffic...

BREAKING | Calcutta High Court Cancels OBC Certificates Issued In West Bengal After 2010, Scraps OBC Classification Of 77 Communities

The Calcutta High Court on Wednesday cancelled all Other Backward Classes (OBC) certificates issued in West Bengal after 2010. The Court clarified that those who had attained employment on the benefit of the act and were already in service because of such reservation would not be affected by the order.A division bench of Justices Tapabrata Chakraborty and Rajasekhar Mantha delivered the...

SEBI Introduces Changes to Market Capitalisation Computation and Rumour Verification Regulations

The Securities and Exchange Board of India (SEBI) has announced significant modifications to its Listing Obligations and Disclosure Requirements (LODR) regulations, affecting how market capitalisation of listed companies is computed and introducing new protocols for market rumour verification. Revised Market Capitalisation Computation Method SEBI has shifted from a single-day...

SEBI Issues Show Cause Notices to Seven Adani Group Companies for Regulatory Violations In Fiscal Year 2024

In the fiscal year 2024, seven out of the ten listed companies of the Adani Group were issued show cause notices by the Securities and Exchange Board of India (SEBI). These notices, which were issued during the fourth quarter stated violations including non-compliance with listing agreements and related party transaction norms. Despite these allegations, the companies reported that...

Just Because You're Rich & Went To Private Medical College, Can You Seek Exemption From Rural Service? Supreme Court Asks MBBS Students

The Supreme Court (today on May 22) issued notice in a writ petition filed challenging a notification issued by the Karnataka Government that required the medical students to fulfill one year of compulsory public rural service in order to be eligible for permanent registration with the Karnataka Medical Council. The matter was placed before Justices P.S. Narasimha and Sanjay...