Raselle Capital VCC Settles With SEBI For Alleged FPI Regulation Violations With Rs 1.23 Crore Payment

Raselle Capital VCC, a foreign portfolio investor, has settled an adjudication case with the Securities and Exchange Board of India (SEBI) regarding alleged violations of Foreign Portfolio Investor (FPI) rules. The settlement was reached after the investor paid Rs 1.23 crore as settlement charges. The matter originated from alleged violations of SEBI's FPI regulations by...

SEBI Settlement: SBICAP Trustee Company Ltd Agrees To Rs 25.08 Lakh Payment Over Regulatory Violations

SBICAP Trustee Company Ltd, a subsidiary of SBI Capital Markets Ltd, has reached a settlement with the Securities and Exchange Board of India (SEBI) concerning alleged violations of debenture trustee regulations. The settlement, prompted by an application from SBICAP to SEBI, requires the company to make a payment of Rs 25.08 lakh. The resolution pertained to SEBI's issuance of a...

NEET-UG 2024 | Giving Two Correct Options For One Question Didn't Affect Exam : NTA To Supreme Court

The National Testing Agency (NTA) recently refuted the allegation that a physics question in NEET-UG 2024 has adversely impacted the candidates because it had two correct options. The NTA refuted the challenge to the NEET-UG 2024 exam on this ground as “untenable.” To support its arguments, the testing agency has cited one of the instructions in the information bulletin: “If...

Aadhaar Card Has Nothing To Do With Citizenship, Can Be Given To Non-Citizens: UIDAI Tells Calcutta High Court

The Unique Identification Authority of India (UIDAI) has told the Calcutta High Court that granting of Aadhaar cards has nothing to do with citizenship and that even non-residents who have lawfully entered the country can be granted Aadhaar cards if applied for.These submissions were made before a division bench of Chief Justice TS Sivagnanam and Justice Hiranmay Bhattacharya, who were hearing...

Confiscate Electoral Bonds Donations Received By Political Parties: Plea In Supreme Court

A petition has been filed in the Supreme Court challenging the legitimacy of funds received by political parties through the Electoral Bond Scheme of 2018 which was recently struck down in ADR v. Union of India. The petition argues that these funds, amounting to a staggering Rs. 16,518 crores, were not mere donations but rather transactions that involved quid pro quo, where benefits...

No Systemic Failure In NEET-UG 24, Instances Of Paper Leak & Unfair Means Isolated : NTA To Supreme Court, Opposes Cancellation Of Exam

Like the Union Government, the National Testing Agency (NTA) also filed an saffidavit in the Supreme Court opposing the pleas for the cancellation of the NEET-UG 2024 exam.The NTA stated that the instances of alleged malpractices are isolated and confined to centres in two cities, i.e., Patna and Godhra. Thus, in view of that, it is submitted that if the entire examination is cancelled, then...

High Courts & Trial Courts Have Forgotten That Bail Is Not To Be Withheld As A Punishment: Supreme Court

Sending an important message to the Courts across the country, the Supreme Court recently lamented that the High Courts and Trial Courts have forgotten that bail cannot be denied as a punishment."Over a period of time, the trial courts and the High Courts have forgotten a very well settled principle of law that bail is not to be withheld as a punishment," observed a bench comprising Justices...

Centre Opposes Cancellation Of NEET-UG 2024, Tells Supreme Court That Scrapping Entire Exam Will Affect Lakhs

The Union Government has filed an affidavit in the Supreme Court opposing the cancellation of the NEET-UG 2024 exam, saying that it is not rational to scrap the entire exam in the absence of any proof of large-scale breach of confidentiality."Scrapping the exam in its entirety would seriously jeopardise the lakhs of honest candidates who attempted the question paper in 2024," stated the...

Marriage Equality Case : Supreme Court To Consider Review Petitions On July 10; Justices Sanjiv Khanna & Nagarathna Replace Retired Judges

The petitions seeking review of the judgment refusing to recognize same-sex marriages are listed in the Supreme Court on July 10. Notably, the review petitions will be considered by a new bench composition since two judges of the 5-judge bench which delivered the judgment- Justices Sanjay Kishan Kaul and S Ravindra Bhat- have since retired.Justices Sanjiv Khanna and BV Nagarathna replace...

SEBI Cancels Registration Of LFS Broking And Bars MD For Violating Market Norms

The Securities and Exchange Board of India (SEBI) has revoked the registration of LFS Broking and imposed a five-year ban on its Managing Director, Saiyad Jiyajur Rahaman, from engaging with any registered intermediary. SEBI's order stated multiple infractions committed by LFS Broking and its MD. The investigation noted that LFS Broking allowed the misuse of...

Reserve Bank of India Proposes New Draft Export & Import Regulations

The Reserve Bank of India (RBI) has unveiled new draft regulations for the process of export and import transactions under the Foreign Exchange Management Act (FEMA), 1999. These proposals are outlined in the 'Foreign Exchange Management (Export and Import of Goods and Services) Regulations, 2024.' Every exporter is mandated to submit a declaration specifying the full export...

Arvind Kejriwal's Plea For Bail In CBI Case : Live Updates From Delhi High Court

The Delhi High Court will hear Chief Minister Arvind Kejriwal's plea seeking bail in the CBI case related to the alleged liquor policy scam. The matter is to be heard by Justice Neena Bansal Krishna.It may be noted that Kejriwal was previously arrested by the Enforcement Directorate under the Prevention of Money Laundering Act in relation to the liquor policy case. Although he was granted bail...