News Updates
Companies Act | NCLT Permits 'Change' In Utilization Of Share Capital Reduction Amount By Invoking Powers Under Rule 11 Of NCLT Rules
The National Company Law Tribunal (NCLT), Chennai Bench, comprising of Shri Sanjiv Jain (Judicial Member) and Shri Ravichandran Ramasamy (Technical Member), while invoking its powers under Rule 11 of the NCLT Rules, 2016 has permitted a company to 'change' the utilization of its reduced share capital amount by altering the amounts to be adjusted towards Negative Capital Reserves and...
SAT Criticizes SEBI For Negligence in Unfreezing Kirloskar Family Demat Accounts Despite Orders; Imposes ₹5 Lakh Costs
On Monday, the Securities Appellate Tribunal (SAT) strongly criticized the Securities and Exchange Board of India (SEBI) for its failure to unfreeze the demat accounts of five Kirloskar family members, despite a previous order to do so last year.Presiding Officer Justice Tarun Agarwala and Technical Member Meera Swarup, constituting the Coram, instructed SEBI to pay a penalty of ₹5 lakh to...
Lok Sabha Passes Advocates (Amendment) Bill 2023
The Lok Sabha today passed the Advocates (Amendment) Bill, 2023. It was introduced in Rajyasabha on August 1 and was passed in the upper house on August 3.The bill, which seeks to amend the Advocates Act, 1961, has made the act of 'Tout' punishable and repealed certain provisions of the Legal Practitioners Act, 1879 which have become obsolete.According to the statement of object and reasons...
Issuance Of Poorly Printed Bills On Low-Quality Paper With Inferior Ink Is 'Unfair Trade Practice': Ernakulam District Commission
The Consumer Disputes Redressal Commission at Ernakulam recently held that the issuance of poorly printed bills on low-quality paper or with inferior ink amounts to 'deficiency of service' or 'unfair trade practice'. The Bench comprising President D.B. Binu, and Members V. Ramachandran and Sreevidhia T.N. relied upon the decision in Tata Chemicals Ltd. vs Skypak Couriers Pvt. Ltd. (2001),...
Nobody Above Law: CAT Srinagar Summons Addl. Secretary to Govt. Home, Takes Exception To Non-Compliance With Its Orders, 'Casual Approach'
Summoning the Additional Secretary to Govt. Home in connection with a contempt petition, the Central Administrative Tribunal (CAT) in Srinagar has observed that the court orders are to be complied with grace as law always commands grace and coercive measure is adopted only when the orders of the courts are not complied with in its letter and spirit.Expressing concern over the casual...
Never Try To Mislead Judges, Better To Be Frank : Supreme Court Judge Justice AG Masih Advises Lawyers
Justice Augustine George Masih, judge of the Supreme Court, speaking at an event at the Punjab & Haryana High Court, said that lawyers should not try to mislead judges and if they do so, they will risk losing their credibility.“Please don't ever think judges do not know anything or what you are saying we don't understand. Don't try to be smart because most of us come from you only,...
Sandra Day O'Connor, First Female Judge Of US Supreme Court, Passes Away At 93
Justice Sandra Day O'Connor, the first woman to be appointed as a Justice to the US Supreme Court, passed away yesterday of complications related to dementia and respiratory illness. In a press release by the US Supreme Court, Chief Justice John G Roberts Jr. remembered Justice O'Connor as an “eloquent advocate of civic education”, saying that she blazed a historic trail as...
Supreme Court Rejects Suggestions Presented To Reform Advocates-on-Record System, Calls For New Suggestions
Today (on December 01), the Supreme Court perused the suggestions put forward by Advocate Gaurav Agrawal for reforming the Advocates-on-Record (AoR) system. However, the bench, comprising Justices Sanjay Kishan Kaul and Sudhanshu Dhulia, made it clear that the suggestions do not address the Court's concerns. While expressing its reservations in the report, the Court stated its primary...
Supreme Court Questions Tamil Nadu Governor For Referring Bills To President, Says He Can't Do It After Withholding Assent
The Supreme Court on Friday (December 1) questioned the decision of Tamil Nadu Governor RN Ravi to refer bills to the President, after declaring that he was withholding assent on them. The bench led by Chief Justice of India DY Chandrachud, Justice JB Pardiwala and Justice Manoj Misra orally said that the Governor cannot refer the bills to the President after the Assembly has re-enacted the...
Varanasi Court Grants 10 More Days To ASI To Submit Gyanvapi Scientific Survey Report
The Varanasi district court on Thursday granted an additional 10-day time to the Archaeological Survey of India (ASI) to submit its report pertaining to the scientific survey of the Gyanvapi Mosque complex. Earlier, the Court had asked the ASI to submit its survey report by November 28. Now, the ASI has been granted additional time of 10 days with the hope that it will not seek...
3-Day Workshop To Enhance Dispute Resolution Expertise For Bihar's District Consumer Disputes Redressal Commission Presidents
A comprehensive three-day training workshop for the Presidents of District Consumer Disputes Redressal Commission of Bihar concluded successfully at VijayaTej Clarks Inn, Patna. The workshop, held from November 24th to 26th, 2023, aimed at enhancing the capabilities and expertise of key stakeholders in consumer dispute resolution.Inaugural Ceremony Highlights (Day 1 - Friday, 24th...
Over 5 Lakh Govt Servants In Maharashtra But None Transgender: MAT Regrets, Calls For More Inclusivity
It is ‘obligatory’ on States to prepare welfare schemes and invent opportunities for transgender persons in public employment, the Maharashtra Administrative Tribunal said while relaxing the eligibility criteria for three trans persons in the police department and State administration.Justice (Retd) Mridula Bhatkar, Chairperson of MAT and member Medha Gadgil noted that nearly nine years...