News Updates
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...
Appellate Tribunal Quashes ED Attachment Of NCP Leader Praful Patel's Properties
An Appellate Tribunal in Delhi has quashed orders of attachment of properties of Nationalist Congress Party leader Praful Patel, his wife and his company in a money laundering case, as well as the order of Adjudicating Authority confirming the provisional attachment. A coram comprising of Chairman, Justice Munishwar Nath Bhandari and Member Balesh Kumar allowed the appeals moved by Praful...
SEBI Mandates Direct Transfer Of Securities To Client Demat Accounts
The Securities and Exchange Board of India (SEBI) has issued new guidelines mandating the direct transfer of securities to clients' demat accounts by clearing corporations. These guidelines, outlined in a circular titled "Enhancement of operational efficiency and Risk Reduction--Pay out of securities directly to client demat account," will come into effect from October...
Swati Maliwal Assault Case: Delhi Court Rejects Second Bail Plea Of Accused Bibhav Kumar
A Delhi Court on Friday dismissed the second bail plea moved by Chief Minister Arvind Kejriwal's aide Bhibhav Kumar the alleged Swati Maliwal assault case.Special judge Ekta Gauba Mann of Tis Hazari Courts observed that the investigation in the case is at initial stage and that there is fear in the mind of the victim regarding her safety and security as she is receiving continuous threats....
Delhi Court Grants Bail To Ex-Unitech Promoters Sanjay Chandra And Ajay Chandra In PMLA Case
A Delhi Court on Friday granted regular bail to Sanjay Chandra and Ajay Chandra, Unitech's former promoters, in a money laundering case registered by the Enforcement Directorate (ED).Additional Sessions Judge Dheeraj Mor of Patiala House Courts noted that both Sanjay Chandra and Ajay Chandra had undergone two and a half years of incarceration in the case having maximum punishment of 07...
Odisha BJP MLA Prashant Jagdev Gets Three-Day Interim Bail For Taking Part In Oath Ceremony Of New Govt
A Court in Odisha's Khurda district has released Prashant Jagdev, the newly elected MLA of Bharatiya Janata Party (BJP) from Khurda, on three-day interim bail for taking part in the oath taking ceremony of the new BJP government in the State.The legislator was arrested for allegedly vandalising an Electronic Voting Machine (EVM) and also manhandling polling officials during the third phase...
Rahul Gandhi Gets Bail In Defamation Case Filed By BJP At Bengaluru
Congress leader Rahul Gandhi on Friday got bail in the defamation case filed by Bharatiya Janata Party against him and other leaders. Gandhi appeared before the 42nd Additional Chief Metropolitan Magistrate as directed by the court in its order of June 1. The court had earlier granted bail to Chief Minister Siddaramaiah and Deputy Chief Minister D K Shivakumar in the case.The complaint...
Ministry Of Finance Pushes For Mediation Over Arbitration In Domestic Public Procurement Contracts
The Department of Expenditure under the Ministry of Finance, Government of India, has recently released guidelines delineating the use of arbitration and mediation in domestic public procurement contracts. The guidelines recommended the restriction of arbitration to disputes with a value less than Rs. 10 crore. Further, it states that government departments/ entities/ agencies should...
Chinese Visa Scam: Delhi Court Grants Bail To Karti Chidambaram In Money Laundering Case
A Delhi Court on Thursday granted bail Congress leader Karti P Chidambaram in a money laundering case registered by Enforcement Directorate (ED) in connection with alleged Chinese vivas scam. Special judge Kaveri Baweja of Rouse Avenue Courts granted bail to Chidambaram after he appeared in court pursuant to the summons issued against him. Chidambaram has been released on bail on a personal...
Engineer Rashid Moves Delhi Court Seeking Interim Bail To Take Oath, NIA Response Sought
Engineer Rashid, who has defeated former Jammu and Kashmir Chief Minister Omar Abdullah in the 2024 Lok Sabha polls, has moved a Delhi Court seeking interim bail in order to permit him to take oath as a member of parliament Additional Sessions Judge Chander Jit Singh of Patiala House Courts sought the response of the National Investigation Agency (NIA) on Rashid's interim bail plea. The...
Delhi Court Grants Bail To Supertech Promoter Ram Kishor Arora In Money Laundering Case
A Delhi Court on Thursday granted bail to Ram Kishor Arora in the ₹700 crores money laundering case lodged by the Enforcement Directorate (ED).Additional Sessions Judge Devender Kumar Jangala of Patiala House Courts allowed the third regular bail plea moved by Arora. “The investigation is complete and after completion of investigation, prosecution complaint has already been filed. The case...
