Centre issues Companies (Audit and Auditors) Amendment Rules, 2014

In exercise of powers conferred by sub-sections (1), (2) and (4) of section 139, sub-sections (1) and (2) of section 140, sub-section (3) of section 141, sub-sections (2), (3), (8) and (12) of section 143, sub-section (3) of section 148 read with sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Central Government framed the following to amend the...

SEBI bars DLF from entering Securities Market

Realty major DLF and six senior executives are barred from entering the securities market and from buying or selling securities for three years after finding that the company didn’t adequately disclose information to investors before its 2007 initial public offering.In a 43-page order published on Monday, SEBI said DLF, its billionaire founder and chairman Kushal Pal Singh and five...

Snoopgate scandal: Gujarat High Court scraps Probe Commission

Gujarat High Court on Friday quashed the State Government notification appointing the two member Commission comprising of retired Justice Sugnya Bhatt and former IAS officer K.C. Kapoor to investigate the alleged incident of snooping on a Bangalore-based woman architect.Justice Paresh Upadhyay granted the plea of the woman’s father. He had demanded the setting aside of probe...

Delhi University sends application for inspection and affiliation to BCI

Delhi University of law has finally sent its application for affiliation and inspection under the Legal Education Rules to the Bar Council of India, providing a breather to the recent graduates of the Institute. Their future as lawyers had been marred with uncertainty with the BCI de-recognizing the law course.Law Faculty Dean Ashwani Kumar Bansal said, “The applications were prepared last...

SC Dismisses the PIL against post retirement assignments of Judges

The propriety of judges of higher judiciary taking up post –retirement jobs has been widely debated and acquired  momentum   after the appointment of former Chief Justice P.Sathasivam as the Governor of  Kerala.  The discussions have been brought to a legal conclusion with the  dismissal of a PIL which sought restriction on post assignment of members of  higher judiciary, including...

No more liberty to Supreme Court Bar Association for arbitrarily and unilaterally changing the name of the SC library for monetary consideration

Supreme Court Registry has received two Office Memoranda from Ministry of Law and Justice regarding the grievance received by the Department from Shri Subhash Chandra Agrawal, about naming/renaming of Library by the SCBA for the sake of money. Hence, an order dated 26.8.2013 was brought to the notice of the current secretary of the Supreme Court Bar Association, according to which in future,...

BCI disallows 2014-15 batch of law grads from Kakatiya and Osmania University to enrol as Advocates

The Telangana State Bar Associationhas  received a directive from the Bar Council of India (BCI) to disallow the 2014-15 batch law graduates of the Law University College, Kakatiya and the Osmania University Law College to enrol as advocates.The BCI's directive does not mention the Andhra University Law College. As a consequence, there  isuncertainty   among the law students who have...

Delhi Private Placement Agencies (Regulation) Order, 2014 issued in compliance with Delhi HC order

An executive order called the Delhi Private Placement Agencies (Regulation) Order, 2014 has been released in compliance with the order passed by the High Court of Delhi in December, 2010 and December, 2013 in the case of Bachpan Bachao Andolan v. Union of India and others. In the case, the Court had directed the Govt. of Delhi to issue executive directions for the regulation of Private...

Jayalalithaa’s Bail Plea listed for today in Karnataka High Court

Former Chief Minister of Tamil Nadu, Jayalalithaa’s bail plea has been listed for hearing in Karnataka High Court today. The former Chief Minister has approached the High Court after she was convicted in a disproportionate assets case by a Special Court in Bangalore. Read the LiveLaw story here.Jayalalithaa had approached the High Court seeking immediate bail and also suspension of...

CIC directs action against RTI applicant for suppression of record

The CIC came across a peculiar 'second appeal' of contradictory claims of 'missing file' and 'misuse of RTI" by the applicant, who misled not only the District Institute of Education & Training, NCT Delhi but also the Central Information Commission. The Central Information Commissioner M Sridhar Acharyulu on 30th September 2014, recommended departmental enquiry and action against, Mr...

Bombay HC asks CBI if bribery case is made out in Godzari project

In a matter relating to the Godzari Irrigation Project the Bombay High Court asked the Central Bureau of Investigation to inform it within a time period of two weeks whether an offence of corruption could be made out in an Income Tax Department report prepared after a search and seizure operation by the Income Tax Department on officials of the Godzari Irrigation project.The division bench...

Competition Appellate Tribunal gets its Chairperson Justice G S Singhvi

Competition Appellate Tribunal, empowered to hear appeals from the Competition Commission of India has finally got its new Chairman. Justice G S Singhvi, who retired from the Supreme Court in December 2013, is the new Chairman of the Tribunal as per its website.The office of the Chairperson was vacant as Justice V S Sirpurkar, the previous Chairperson had retired in August. However,...