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Supreme Court Refuses To Quash Charges Against Karnataka MLA Vinay Kulkarni For BJP Worker's Murder
The Supreme Court on Monday (June 10) refused to set aside the criminal charges against the Karnataka MLA Vinay Rajashekarappa Kulkarni. MLA Kulkarni of the Congress party was accused of a murder conspiracy of a BJP worker that took place in 2016. The bench of Justices PV Sanjay Kumar and Augustine Masih dismissed the Special Leave Petition filed by the MLA against the Karnataka High Court...
'If We Don't Read Files, Media Reports Can Influence Us' : Supreme Court Adjourns Hearing Of Delhi Govt Plea On Water Crisis
The Supreme Court on Monday (June 10) adjourned the hearing of Delhi Government's petition regarding the water crisis after noting that the defects in the petition copy have not been cured.A vacation bench comprising Justices Prashant Kumar Mishra and Prasanna B Varale said that they would prefer to read the files first so that they won't get swayed by the media coverage of the case."List it...
'He Always Upheld Dignity Of Law': Kerala High Court Holds Full Court Reference In Memory Of Late Justice UL Bhat
The Kerala High Court today held a full court reference in the memory of Justice UL Bhat, a former judge of the High Court who passed away on June 6.He was appointed as a Judge of the Kerala High Court in 1980 and later became the Acting Chief Justice of the High Court. He was subsequently elevated as the Chief Justice of Gauhati High Court. He retired as the Chief Justice of Madhya Pradesh...
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...