Government of NCT Delhi (Amendment) Act, 2023 Receives President's Assent

On Friday, the President has given assent to contentious Government of NCT of Delhi (Amendment) Bill, 2023 - It dilutes the powers of the Delhi Government over services. It will come into force retrospectively from 19th May, the day when Ordinance was promulgated.The Bills was passed in Rajya Sabha on August 07, with 131 votes in its favour and 102 votes against it.It was already approved by...

President Gives Assent To Digital Personal Data Protection Act 2023

The President has given assent to the new the Digital Personal Data Protect, Act 2023 on Friday. The Act will come into force on the date to be notified by Centre.It is a first law made for processing data and amends various legislations including Right to Information Act and IT Act. It will come into force on such date as the Central Government may announce by notification.The Bill seeks...

Industry Standards Forum To Facilitate Ease Of Implementation Of Regulations: SEBI

Securities and Exchange Board of India (SEBI), the regulator for capital markets, announced that within the next three to four months, three industry associations will develop guidelines to implement measures concerning the verification of rumors and the fulfillment of environment, social, and governance (ESG) assurance requirements.The associations – Associated Chambers of Commerce...

‘70% of Government Litigation Frivolous’: Supreme Court Judge BR Gavai

70 percent of government litigation is frivolous and can be curtailed to lessen the court’s workload, Supreme Court judge BR Gavai remarked on Friday, while rejecting a plea filed by the Union of India. He was part of a three-judge bench also comprising Justices PS Narasimha and PK Mishra. Right at the outset, he asked Additional Solicitor-General Aishwarya Bhati how a 'disposed...

Delhi Excise Policy Scam | Supreme Court Seeks ED's Response To Bail Plea Of Hyderabad Businessman Abhishek Boinpally

The Supreme Court on Friday issued notice on the bail application of Hyderabad-based businessman Abhishek Boinpally who is facing charges of money laundering in connection with the Delhi excise policy scam. This 2021-22 liquor policy, introduced by the Aam Aadmi Party-led government in the national capital, was scrapped following allegations of irregularities in the framing...

SEBI Issues Circular To Provide Facility To Remedy Erroneous Transfers In Demat Accounts

In a significant move aimed at enhancing investor protection and facilitating the swift reversal of erroneous transfers in demat accounts, the has issued a new circular, SEBI/HO/MIRSD/MIRSDPoD-1/P/CIR/2023/139, dated August 8, 2023. This circular introduces a streamlined mechanism for the exemption from One Time Password (OTP) requirements for the reversal of mistaken transfers.The...

SEBI Reduces IPO Listing Timeline To T+3 Days

In a significant move aimed at streamlining the Initial Public Offering (IPO) process and bolstering the ease of doing business in India's capital markets, the Securities and Exchange Board of India (SEBI) has announced a reduction in the timeline for listing shares on stock exchanges following the closure of IPOs.The regulatory body has cut the listing timeframe from the current T+6 (where...

'Gun Firing Incidents In Courts Deeply Disturbing' : Supreme Court Issues Slew Of Directions For Security In Courts

The Supreme Court on Friday issued a slew of directions to ensure safety within court premises in light of the recent incidents of gun firing within court premises in the National Capital, stressing on the need to 'preserve the sanctity of the court'. The Apex Court also said that the recent incidents of violence has 'disturbed it to no end'. A division bench of Justice S Ravindra Bhat...

Essential Ingredients Of Section 504 and 506 Indian Penal Code : Supreme Court Explains

The Supreme Court recently held that for an offence of criminal intimidation to be made out under Section 506 (Punishment For Criminal Intimidation) of the Indian Penal Code,1860 it must be established that the accused had an intention to cause alarm to the complainant.A division bench of Justice B R Gavai and Justice J B Pardiwala observed:"A bare perusal of Section 506 of the IPC makes...

Supreme Court Asks Uttar Pradesh Police About Progress Of Investigation In Encounter Killings

In a significant development, the Supreme Court on Friday sought a "comprehensive affidavit" from the State of Uttar Pradesh on the progress of investigation/prosecution into the police encounter killings which have allegedly taken place in the State since 2017.The Court sought the response of the State of Uttar Pradesh on the extent of compliance with the past guidelines issued in relation...

2021 Assam Evictions | Supreme Refuses To Entertain Opposition Leader's Plea Against Demolitions; Directs For Rehabilitation Measures

The Supreme Court on Friday refused to entertain a petition filed by the leader of Opposition in the Assam Assembly, Debabrata Saikia, against the Assam Government's "forced eviction drive" which took place in the Darrang District of the State of Assam from September 21-23, 2021. The bench comprising CJI DY Chandrachud, Justice JB Pardiwala, Justice Manoj Misra noted that since the court had...

Plea For Women Reservation In Parliament & Assemblies : Supreme Court Questions Centre's Delay In Filing Reply

The Supreme Court on Friday questioned why the Centre had not filed a response to a public interest litigation (PIL) filed by the National Federation of Indian Women (NFIW) seeking a reintroduction of the Women’s Reservation Bill in the Lok Sabha. More formally known as the Constitution (One Hundred and Eighth Amendment) Bill, 2008, this proposed amendment seeks to introduce 33 per...