SEBI Issues Consultation Paper Allowing Indian Mutual Funds To Invest In Overseas Funds

The Securities and Exchange Board of India (SEBI) announced its intention to allow Indian mutual funds to invest in overseas funds, provided these funds have a limited exposure to Indian securities.Under the existing regulations, SEBI-registered mutual funds can invest in various overseas securities. These include American Depository Receipts (ADRs), Global Depository Receipts (GDRs), equity...

Supreme Court Monthly Round-Up: April 2024

Here's a comprehensive overview of the Supreme Court of India proceedings during April 2024. This monthly digest aims to inform you about the latest judgments, orders, and Public Interest Litigations (PILs) filed in the Supreme Court during the month of April and also the updates of the Constitution bench hearing on the taxation matter of mineral-bearing lands and on overlapping...

Interview Also Be Done To Assess Suitability Of Judicial Officers For Promotion As District Judges In 65% Quota : Supreme Court Suggests

The Supreme Court in its recent judgement concerning the promotion of Judicial Officers by the Gujarat High Court, observed a few suggestions to enhance the 'suitability test' employed by the High Court for promoting judicial officers on the basis of 'Merit-cum-Seniority'. On May 17, the Court upheld the recommendations made by the High Court of Gujarat in 2023 for the promotion of Senior...

Supreme Court Grants Interim Bail To PMLA Accused As Chargesheet Dropped Scheduled Offence

The Supreme Court on Friday (May 17) granted interim bail to a man who was arrested by the Enforcement Directorate after noting that there is no scheduled offence as per the Prevention of Money Laundering Act, 2002 (PMLA) against him in the chargesheet filed in the predicate case.The Court noted that the proceedings under the PMLA can be initiated only if offences mentioned in the schedule of...

Supreme Court To Consider Plea On Acid Attack Survivors' Challenges To Complete 'Live Photograph' Requirement Of e-KYC Process

The Supreme Court on Friday (May 17) agreed to consider the issue of the lack of guidelines for an inclusive digital KYC process for acid attack survivors and persons with permanent eye damage. The bench led by CJI DY Chandrachud and Justices JB Pardiwala and Manoj Misra issued a notice in the petition and termed it an 'important issue'. "It's an important issue, we will issue notice,...

Can Muslim Women Claim Equality In Succession? Can Will Be Executed For Entire Property As Per Mohammedan Law? Supreme Court To Decide

The Supreme Court has decided to determine, inter-alia, whether Muslim women have the right to claim equality in succession in light of Article 14 (Right to equality) and 15 (Prohibition of discrimination on grounds of religion, race, caste, sex or place of birth) of the Indian constitution. The question arose before the bench of justices C.T Ravikumar and Rajesh Bindal, who...

Supreme Court Issues Notice On RBI's Plea Against Merger Of Malappuram District Cooperative Bank With Kerala Bank, Orders Status Quo

The Supreme Court on Friday (May 17) issued notice on a petition filed by the Reserve Bank of India challenging the amalgamation of the Malappuram District Cooperative Bank in Kerala with the Kerala State Cooperative Bank.While issuing notice, the Court also directed to maintain status quo in all aspects in respect of the Malappuram District Cooperative Bank." Issue notice,returnable in July, ...

Resolve Row Over University VC Appointments Or Else We Will Appoint : Supreme Court Warns West Bengal Govt, Governor

The Supreme Court on Friday (May 17) while hearing an ongoing dispute between the West Bengal government and Governor CV Anand Bose(Chancellor of Universities) regarding the appointment of interim vice-chancellors (VC), warned both the parties that it will appoint the VCs if the parties fail to do it amicably.“The moment you will prompt us, we will pass some order and that order will...

Saw Images Of Forest Guards Dousing Fires With Banana Leaves : Supreme Court To Uttarakhand Govt, Seeks Permanent Solution To Forest Fires

The Supreme Court (on May 17), while hearing the matter regarding forest fires ranging across the State of Uttarakhand, was informed by the Solicitor General Tushar Mehta that the State has taken the matter seriously. Further, the Court was also told that the Union officer alongwith the State's chief secretary and the Amicus Curiae would sit together to chalk out...

Supreme Court Grants Last Opportunity To Election Commission To Submit Schedule For Conducting Bye-Poll At West Bengal Assembly Constituency

The Supreme Court on Friday (May 17) granted a last opportunity to the Election Commission of India to submit the schedule for conducting the bye-election at Manicktala Constituency in Kolkata, West Bengal after the assembly seat fell vacant due to the dismissal of the election petition filed by the returning candidate challenging the election of TMC MLA Sadhan Pandey.The Court was hearing...

Supreme Court Reserves Judgment On Petitions Challenging Provisions Of CGST/SGST & Customs Act

The Supreme Court on May 16 reserved judgment in a batch of petitions challenging the constitutional validity and interpretation of the provisions of CGST/SGST Act & Customs Act.The matter was before a bench of Justices Sanjiv Khanna, MM Sundresh and Bela M Trivedi, which began hearing it on May 1.While various lawyers led arguments on behalf of the petitioners, including Senior...

Supreme Court Seeks Responses Of Union, FSSAI On Plea Against Overuse Of Pesticides On Food Crops & Artificial Colouring

The Supreme Court on Friday (May 17) issued notice in a plea regarding the use and overuse of pesticides and other chemical insecticides on food crops and food items. The Court has sought responses from the Union and FSSAI (Food Safety and Standards Authority of India) regarding the excessive use of artificial chemicals in edibles. The bench, led by CJI DY Chandrachud comprising Justices...