Centre Publishes Draft Rules On Temporary Suspension Of Telecommunication Services

The Central Government on August 28 published the draft Temporary Suspension of Telecommunication Services Rules, 2024 under the Telecommunication Act, 2023. These rules shall be in supersession of the Temporary Suspension of Telecom Services (Public Emergency or Public Safety) Rules, 2017 and Temporary Suspension of Telecom Services (Amendment) Rules, 2020 under the Indian Telegraph...

Centre Publishes Draft Rules On Interception Of Phone Communication

Today, the Ministry of Communications (Department of Telecommunications) published the draft Telecommunications (Procedures and Safeguards for Lawful Interception of Messages) Rules, 2024 (Draft Rules) under the Telecommunications Act, 2023. Objections or suggestions, if any, may be addressed to the Joint Secretary (Telecom), Department of Telecommunications, Ministry of...

MLA And Film Actor Mukesh Gets Interim Protection From Arrest In Rape Case

Ernakulam Sessions Court granted interim protection from arrest to MLA Mukesh in a rape case. The complainant had alleged that the petitioner sexually abused her when she approached him to take a membership to the Association of Malayalam Movie Artists. An FIR was filed against the cine-actor in the Maradu Police Station.In the wake of publication of Hema Committee Report, many film artists...

Zee And Sony Reach Amicable Settlement, Agree To Withdraw All Cases At Singapore Arbitration Centre And NCLT

Zee Entertainment Enterprises Ltd. (ZEE) and Culver Max Entertainment Pvt. Ltd. (CMEPL), operating as Sony Pictures Networks India (SPNI), along with Bangla Entertainment Pvt. Ltd. (BEPL), have settled their dispute over the failed merger agreement. The settlement resolves all ongoing disputes between the parties. Under the terms of this non-cash settlement, both Zee and Sony,...

RoC Pune Imposes ₹5.03 Lakh Penalty On Clairvoyant India Pvt. Ltd. For Failing To Constitute CSR Committee

The Registrar of Companies, Pune has imposed a penalty of ₹5.03 lakh on Clairvoyant India Private Limited and its directors for failing to constitute a Corporate Social Responsibility (CSR) Committee, despite the company's net profit exceeding the threshold specified under Section 135 of the Companies Act, 2013. According to Section 135, companies with a net profit exceeding ₹5...

Bengaluru Court Restrains 'X' User From Making Defamatory Statements Against Ex-CM Basavaraj Bommai, Orders Removal Of Posts

A City Civil And Sessions court on Wednesday restrained the media and one Jagadesh K N from publishing, telecasting or circulating any defamatory publication against Member of Parliament and former Chief Minister of Karnataka Basavaraj S Bommai. The respondent Jagadesh has claimed on social media site 'X' formerly 'Twitter', that he had private videos of Bommai from his tenure as Chief...

Bank Cannot Proceed Under SARFAESI Act Against Personal Guarantor During Interim Moratorium Under IBC, 2016: NCLAT Principal Bench

The National Company Law Appellate Tribunal Principal Bench, New Delhi of Justice Yogesh Khanna (Judicial Member) and Ajai Das Mehrotra (Technical Member) has held that once the interim moratorium is in effect due to insolvency proceedings against a personal guarantor under the IBC, 2016, the bank is prohibited from continuing any further actions under the SARFAESI Act regarding...

SEBI Bars Rana Sugars And Top Promoters For 2 Years, Imposes ₹63 Crore Fine For Fund Diversion And Fraudulent Activities

The Securities and Exchange Board of India (SEBI) has taken action against Rana Sugars Limited (RSL) and its key promoters and officials. This move comes after a detailed investigation into allegations of fund diversion and fraudulent activities within the company. SEBI's decision includes barring the company and its top management from participating in the securities markets for...

RoC Chennai Imposes ₹7.22 Lakh Fine On Doowon Automotive Systems India Pvt. Ltd. For Delay In Declaration Of Significant Beneficial Ownership

The Registrar of Companies, Cheenai has imposed a fine of Rs. 7.22 Lakh on Doowon Automotive Systems India Private Limited, its officers, and the significant beneficial owners for their violations of Sections 90(1) and 90(4) of the Companies Act, 2013. Section 90(1) of the Companies Act, 2013 mandates that every individual who holds significant beneficial ownership in a company...

CDSL Settles With SEBI For ₹1.3 Crore Over Alleged Regulatory Violations

The Central Depository Services (India) Limited (CDSL), one of India's prominent depositories, has resolved allegations of regulatory violations by paying a settlement amount of ₹1.3 crore to the Securities and Exchange Board of India (SEBI). This settlement stems from alleged non-compliance with specific directives issued by SEBI. SEBI initiated adjudication proceedings against...

Citibank Settles With SEBI For Over ₹40 Lakh Following Investigation Into Alleged Regulatory Violations

Citibank N.A. has settled with the Securities and Exchange Board of India (SEBI) agreeing to pay over ₹40 lakh in connection with an investigation into alleged regulatory breaches. This settlement comes after SEBI investigates Citibank's failure to comply with several regulations, including those governing foreign investments, guidelines for depositories and participants and procedures...

SEBI Imposes ₹4 Lakh Penalty On LKP Securities Ltd For Violations In Pre-Trade Authorisation Compliance

The Securities and Exchange Board of India (SEBI) has imposed a penalty of ₹4 lakh on LKP Securities Ltd for failing to comply with pre-trade authorisation requirements. SEBI's investigation of LKP Securities followed an inspection carried out in conjunction with the Bombay Stock Exchange (BSE), National Stock Exchange of India Ltd (NSE), and Multi Commodity Exchange of India...