Justice Tashi Rabstan Appointed As Acting Chief Justice Of J&K And Ladakh High Court

The President of India has appointed Justice Tashi Rabstan, senior-most Judge of High Court of Jammu and Kashmir and Ladakh as Acting Chief Justice of Jammu and Kashmir and Ladakh High Court.This appointment was made consequent to the elevation of Justice N Kotiswar Singh as Judge of Supreme Court of India.A notification to this effect reads, “In exercise of the powers conferred by Article...

Rajasthan Court Acquits Dargah Cleric, 5 Others Accused Of Raising 'Sar Tan Se Juda' Slogan Against Nupur Sharma

A court in Rajasthan's Ajmer District today ACQUITTED a dargah cleric (Syed Gohar Husain Chisti) and five others accused of inciting people and chanting the "Sar Tan Se Juda" slogan during a rally organised against Ex-BJP spokesperson Nupur Sharma in June 2022. The slogan was allegedly raised during a public protest (at the main gate of the Ajmer Dargah) following Sharma's alleged...

Prima Facie Defamatory: Delhi Court Injuncts Sale/ Circulation Of Book On Yes Bank Co-Founder Rana Kapoor

A Delhi Court has passed an injunction order restraining the author and publishers of the book “Yes Man: The Untold Story of Rana Kapoor”, from making it available for sale or circulation otherwise. Rana Kapoor, the co-founder of Yes Bank Ltd. (plaintiff) filed an application under Order 39 Rule 1 & 2 CPC seeking a stay against the publisher (defendant no.1) and the...

SEBI Fines Monetary Solutions Rs 25 Lakh For Regulatory Breaches

The Securities and Exchange Board of India (SEBI) levied a fine of Rs 25 lakh on Monetary Solutions for various regulatory violations. Employees of Monetary Solutions During the inspection, it was observed that seven employees associated with the Monetary Solutions, who dealt with clients, did not possess the requisite qualifications and certification as mandated by SEBI....

Paytm Receives SEBI Warning Over Unapproved Transactions With Paytm Payments Bank

One 97 Communications, the parent company of Paytm, has received an administrative warning from the Securities and Exchange Board of India (SEBI) regarding certain transactions conducted during the financial year 2021-22. SEBI's letter stated that Paytm engaged in related party transactions (RPTs) with Paytm Payments Bank Limited (PPBL) without obtaining the necessary approvals from...

Following Madras HC Order, Bar Council Of TN & Puducherry Issues Circular Mandating Stipend For Junior Lawyers

Following an order from the Madras High Court asking all Advocates and Senior Advocates to pay a stipend of Rs 15k-20k to junior lawyers, the Bar Council of Tamil Nadu and Puducherry has issued a circular intimating the order to all the lawyers and for implementing the same. “ln view of the order passed by the Hon'ble High Court of Madras in W.p. No. 1797612019 dated 12.06.2024,...

In A First, Chhattisgarh HC Chief Justice Ramesh Sinha Virtually Monitors National Lok Adalat Across 23 Districts

On Saturday, the Chief Justice of the Chhattisgarh High Court, Justice Ramesh Sinha, virtually connected with all 23 districts from the High Court to oversee the progress of this year's second National Lok Adalat. The Lok Adalat held this time was unique in the sense that it was closely supervised by Chief Justice Sinha, who is also the Patron-in-Chief of the Chhattisgarh State Legal...

Failure To Maintain Registered Office: Registrar Of Companies Imposes Penalty Of Rs. 2 Lakhs On TDMax Manufacturing & Services & Its Directors

The RoC, Uttar Pradesh has imposed a penalty on Rs. 2 Lakhs for failure to maintain a registered office for receiving communications and notices. Section 12(1) of the Companies Act, 2013 mandates that every company, from the date of its incorporation and at all times thereafter, must have a registered office capable of receiving and acknowledging all communications and...

SEBI Fines Berkeley Securities Ltd Rs. 9 Lakh For Regulatory Violations

The Securities and Exchange Board of India (SEBI) has levied a fine of Rs. 9 lakh on Berkeley Securities Ltd, a SEBI-registered stock broker, for multiple infractions of regulatory norms.Berkeley Securities was found to have misused credit balance client funds on several occasions. This misuse involved utilizing funds meant for credit balance clients to meet obligations of debit balance...

Failure To Contribute CSR Fund: Registrar of Companies Imposes Rs. 1.06 Crore Penalty On Ganesh Green Bharat Limited And Its Director

The Registrar of Companies, Ahmedabad has imposed a penalty of Rs. 1.06 Crore on Ganesh Green Bharat Limited and its director failing to contribute Corporate Social Responsibility (CSR) funds during the financial years 2021-22 and 2022-23. Section 135(5) of the Companies Act, 2013 mandates that every company meeting certain financial thresholds must spend at least two percent of...

SEBI Introduces New Guidelines To Enhance Credit Rating Agency Operations

The Securities and Exchange Board of India (SEBI) has released a new set of guidelines designed to streamline operations and enhance business ease for Credit Rating Agencies (CRAs). These new regulations, set to take effect from August 1, 2024. One of the changes introduced by SEBI is the establishment of specific timelines for various actions taken by CRAs. Previously, timelines...

SEBI Releases Master Circular On Surveillance of Securities Market

The Securities and Exchange Board of India (SEBI) has recently issued Master Circular on the Surveillance of the Securities Market. Under the new guidelines, SEBI mandates that trading in certain securities, including those affected by corporate actions such as mergers, demergers, and capital reductions, must initially occur in the Trade for Trade (TFT) segment. Trade for...