TN Government Appoints One Man Commission To Suggest Amendments To New Criminal Laws At State Level

The Tamil Nadu Government has constituted a one-man commission headed by Justice (Retd) M Sathyanarayanan to look into possible amendments to the new criminal laws at the state level. The committee will scrutinize the new laws, hold consultations with all stakeholders including state-level lawyer's associations, and submit its report to the Government within a month on the possible...

Groww Settles SEBI Violations, Pays Rs 9 Lakh Following Regulatory Review

Groww Asset Management Ltd, formerly known as India bulls Asset Management Company Ltd, along with Groww Trustee Ltd, has reached a settlement with the Securities and Exchange Board of India (SEBI) regarding alleged violations of regulatory norms. This settlement came into effect with payment of Rs 9 lakh by the applicants to SEBI. The settlement stems from a suo motu...

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...

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...

MahaRERA Mandates Builders To Maintain Three Separate Bank Accounts For Every Project From July 1

Maharashtra Real Estate Regulatory Authority (MahaRERA) has mandated builders/developers to maintain three separate bank accounts for each project: the Collection Account, the Separate Account, and the Transaction Account, starting from July 1. This decision follows the release of a discussion paper on the maintenance and operation of bank accounts for registered projects,...

Bengaluru Court Remands Suraj Revanna To Judicial Custody Till July 18 In Alleged Sexual Abuse Case By Man

A city court in Bengaluru on Wednesday remanded Janata Dal (S) MLC Suraj Revanna, to judicial custody till July 18. Revanna has been arrested in connection with a case of alleged sexual abuse of a man and charged under sections Sections 377 (unnatural offences), 342 (illegal detention), 506 (criminal intimidation), and 34 (common intention) of the Indian Penal Code.The 42nd Additional...

Pune Porsche Accident | Father And Grandfather Of Minor Accused Granted Bail For Alleged Wrongful Confinment Of Driver

A Pune Court has granted bail to father and grandfather of the minor accused in the Pune Porsche car accident case in the case for allegedly pressurising their driver to take the blame for the accident and wrongfully confining him in their house.The two are booked under sections 342, 365, 368, 506 with 34 of IPC.“My clients have been granted bail by the Honourable court at Pune. They...

'Significant Step In Achieving Justice At Doorstep': Delhi High Court Acting CJ Manmohan On New Court Complex Stone Laying Foundation Ceremony

Delhi High Court's Acting Chief Justice, Justice Manmohan, on Tuesday said that the stone laying foundation ceremony of three new court complexes at Rohini, Shastri Park and Karkardooma is a significant step in achieving the “justice at doorstep” initiative.“I have no doubts that today's ceremony is a significant step forward in achieving the "Justice at Doorstep" initiative, which aims...

Kerala HC Launches “Kerala High Court Judgements-Daily” Platform To Make Certified Copies Of Reported Judgments Available Through WhatsApp Daily

The Kerala High Court launched the 'Kerala High Court Daily Judgments' (KHJ - Daily) platform to ensure that fully certified reported judgments are made accessible to all on a daily basis through WhatsApp. Chief Justice A J Desai unveiled the KHJ-Daily platform on July 27, 2024. Justice A Muhamed Mustaque, Editorial Committee members- Justice V G Arun, Justice C S Dias, Joseph Rajesh,...

Shocking To Know That Some High Court Judges Are Not Conducting Court On Time, Sitting In Second Half: Justice BR Gavai

Supreme Court judge Justice BR Gavai on Saturday, spoke at the National Judicial Academy Conference at Kolkata. Earlier Live Law had reported on Chief Justice of India Justice (Dr) DY Chadrachud's speech at the aforesaid conference, also attended by West Bengal Chief Minister Mamata Banerjee.The CJI had expressed that judges should not be considered deities, but realise their role to serve...