News Updates
Bike-Taxis : Supreme Court Gives Delhi Govt Time Till Sep 30 To Notify 'Motor Vehicle Aggregator & Delivery Service Provider Scheme'
The Supreme Court on Monday extended the time granted to the Delhi Government to finalise the Delhi Motor Vehicle Aggregator and Delivery Service Provider Scheme, 2023 for regulation of two wheeler aggregators till September 30th.The application filed by the Delhi Government for extension of time was allowed by a division bench of Justice Aniruddha Bose and Justice Bela M. Trivedi."There was...
Delhi Court Denies Bail To Woman Accused Of Stealing Bags From Delhi High Court Complex
A Delhi Court yesterday denied bail to a woman accused of stealing bags and other valuables articles from outside the courtrooms of Delhi High Court.Duty MM Paras Dalal of Patiala House Courts remanded the woman, who was produced after one day police custody, to judicial custody till August 26. “Having considered the seriousness of the allegations, this court deems it appropriate to commit...
Chennai Court Sentences Actress Jayaprada To Six Months Imprisonment Over Non-Payment Of ESI Dues
A Metropolitan Magistrate court has sentenced actress and former Member of Parliament Jayaprada and others to six months sinple imprisonment and a fine of Rs.5000 over non-payment of dues under the Employee State Insurance Act. Metropolitan Magistrate C Sundarapandian found Jayaprada guilty for commission of offence U/s. 85 (a), 85 (i) (b) of the Employees State Insurance Act for failing...
Jharkhand High Court Organizes Jharkhand State Multistakeholders Consultation On Children In Conflict With Law In Collaboration With UNICEF
The Juvenile Justice-cum-POCSO Committee, Jharkhand High Court in association with Department of Women, Child Development and Social Security, Government of Jharkhand on Saturday organized the Jharkhand State Multi- Stakeholders Consultation on “Children in Conflict with Law (Prevention, Restorative Justice, Diversion and Alternatives to Detention)”.The Consultaion was organized ...
PC Act | Special Court Can Proceed Against Accused For IPC Offences Though Sanction Under S.19 PC Act Is Not Granted : Supreme Court
The Supreme Court recently held that a Special Court under the Prevention of Corruption Act 1988 (PC Act) can proceed against an accused for offences under the Indian Penal Code 1860 even if sanction for prosecution has not been granted in respect of PC Act offences as per Section 19 of the said Act.In this case, the appellant, a bank manager, was facing trial for offences punishable...
SEBI (Settlement Proceedings) Amendment Regulations, 2023 | SEBI Empowers Panel Of Whole Time Members For Settlement Proceedings
In a significant development, the Securities and Exchange Board of India (SEBI) has introduced an amendment to the Securities and Exchange Board of India (Settlement Proceedings) Regulations, 2018, via the Securities and Exchange Board of India (Settlement Proceedings) (Second Amendment) Regulations, 2023. The amendment, issued through notification No. SEBI/LAD-NRO/GN/2023/142 on August 10,...
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...
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...
'Publicity Litigation' : Supreme Court Refuses To Entertain Plea Against Opposition Parties Calling Their Alliance 'INDIA'
The Supreme Court on Friday refused to entertain a PIL seeking to stop 26 opposition political parties from using 'the acronym “I.N.D.I.A" (Indian National Democratic Inclusive Alliance) as name of their alliance for the campaigning and advertisements, in the upcoming 2024 general Lok Sabha elections.A Bench comprising Justices Sanjay Kishan Kaul and Sudhanshu Dhulia observed that the...
Supreme Court Collegium Reiterates Its Recommendation To Transfer Justice Sudhir Singh To Punjab & Haryana High Court
The Supreme Court Collegium today reiterated its recommendation dated 3.08.2023 to transfer Justice Sudhir Singh from Patna High Court to Punjab and Haryana High Court.The Collegium consisted of Chief Justice of India Dhananjaya Y Chandrachud, Justice Sanjay Kishan Kaul, Justice Sanjiv Khanna, Justice B R Gavai and Justice Surya Kant.On 3 August 2023, the Collegium had proposed the transfer...