SEBI Fines IIFL Securities ₹3 Lakh For Mishandling Client Data

The Securities and Exchange Board of India (SEBI) has imposed a fine of ₹3 lakh on IIFL Securities for failing to maintain due diligence and care in its role as market intermediaries. This penalty arose from the mishandling of client data related to domicile information which impacted stamp duty obligations. Between July 2020 and June 2022, IIFL Securities registered 12,101...

SEBI Bars Omaxe Ltd. And Key Executives from Securities Market For Two Years; Imposes Rs 47 Lakh Fine For Financial Irregularities

The Securities and Exchange Board of India (SEBI) has imposed bar and penalties against real estate firm Omaxe Ltd., its Chairman Rohtas Goel, Managing Director Mohit Goel, and three other key figures. This order follows serious irregularities in the company's financial reporting. SEBI has banned Omaxe Ltd., Chairman Rohtas Goel, Managing Director Mohit Goel, and executives Sudhangshu...

SEBI Proposes Broader Definition Of 'Connected Persons' In Insider Trading Regulations To Include More Relatives

The Securities and Exchange Board of India (SEBI) has proposed to expand the definition of connected persons under the SEBI (Prohibition of Insider Trading) Regulations (PIT Regulations) to include more relatives. Under the current PIT Regulations, a connected person is defined as someone likely to have access to Unpublished Price Sensitive Information (UPSI) due to their employment...

Jammu And Kashmir High Court Orders IAS Officer To Appear In Criminal Contempt Case Following Alleged Harassment Of Judicial Officer

The Jammu and Kashmir and Ladakh High Court has issued a stern order against Shyambir Singh, Deputy Commissioner of Ganderbal, instructing him to appear in person to answer charges of criminal contempt.Following a reference made by the Chief Judicial Magistrate of Ganderbal, Justices Atul Sreedharan and Sanjeev Kumar observed, “Issue notice to the contemnor, Mr Shyambir by Humdast. ...

Wayanad Landslide: Kerala High Court Holds Full Court Reference To Condole Loss Of Lives, CJ Calls For 'Determination To Build Safe Future'

The Kerala High Court today held a Full Court reference to express condolences for the loss of lives and to show support to the survivors of the landslides in Wayanad, which affected the areas of Mundakkai and Choormala. The death toll from the disaster is nearing 300, with several persons still missing.The Acting Chief Justice A. Muhamed Mustaque expressed his collective solidarity...

Delhi Coaching Centre Deaths: Court Grants Bail To SUV Driver

A Delhi Court on Thursday granted bail to Manoj Kathuria, an SUV driver and businessman by profession, arrested in connection with the deaths of three civil services aspirants who drowned in the basement of an IAS coaching centre in the city's Old Rajinder Nagar area.District Judge Rajesh Kumar Goel granted bail to Kathuria, who was denied bail by a judicial magistrate yesterday. The...

Delhi Court Denies Anticipatory Bail To Ex-IAS Puja Khedkar, Asks Police To Widen Scope Of Investigation

A Delhi Court on Thursday denied anticipatory bail to former probationer IAS officer Puja Khedkar accused of “misrepresenting and falsifying facts" in her application for Union Public Service Commission (UPSC) Civil Services Examination, 2022.UPSC yesterday cancelled Khedkar's candidature and debarred her permanently from all the future examinations and selections of the Commission. As...

Advocate Sadhana Ramachandran Passes Away

Sadhana Ramachandran, lawyer and mediator, passed away on August 1.She was practicing at the Supreme Court of India. Her husband is Senior Advocate Raju Ramachandran. She received the "Outstanding Mediation Expert Award (Female) 2023" for her exceptional performance as a mediator in domestic and international disputes.She was appointed as one of the interlocutors by a Supreme Court bench...

No Prima Facie Case For Money Laundering Against Nalini Chidambaram In Saradha Chit Fund Scam: PMLA Court

A Prevention of Money Laundering Act (PMLA) Court at Kolkata has dismissed the Enforcement Directorate (ED's) complaint against Senior Advocate Nalini Chidambaram in relation to the Saradha Chit Fund Fund scam. Presiding judge Prashanta Mukhopadhyay said that there was no prime facie offence of money laundering and "no case was made out for the offence under Section 3 punishable under Section...

Kerala High Court To Live Stream Full Bench Proceedings

The Kerala High is set to livestream its Full Bench Proceedings from today (August 01, 2024).The High Court has developed a separate platform for live streaming its proceedings, unlike other Courts that use YouTube or other media platforms. This initiative by the High Court aims to improve accessibility and increase transparency within the judicial system.Click here to watch the live streaming...

Issues Raised By Informant Are Individual In Nature, CCI Dismisses Complaint Against Paytm Parent Company

The Competition Commission of India (Commission) bench, comprising Ms. Ravneet Kaur (Chairperson), Ms. Sweta Kakkad (Member), Anil Agrawal (Member) and Mr. Deepak Anurag (Member), has dismissed the case against Paytm's parent company, One97 Communications Ltd, and other opposite parties. The Commission held that the issues raised by the informant are simply...

Delhi Coaching Centre Deaths: Court Denies Bail To SUV Driver, Co-Owners Of Basement Where Civil Services Aspirants Drowned

A Delhi Court on Wednesday denied bail to Manoj Kathuria, an SUV driver and businessman by profession, arrested in connection with the deaths of three civil services aspirants who drowned in the basement of an IAS coaching centre in the city's Old Rajinder Nagar area.Judicial Magistrate Vinod Kumar of Tis Hazari Courts also denied bail to four co-owners of the basement, namely Parvinder...