Regulations
Fadnavis says Centre working on new law similar to Section 66A

The Centre is working on formulating a new law on the lines of Section 66 (A) as there was no conviction in the previous law, the Maharashtra chief minister told the Legislative Council  

 

Maharashtra chief minister Devendra Fadnavis said that the Centre is working on formulating a new law under Information Technology Act, on the lines of section 66 (A) that was struck down by the Supreme Court.
 
The chief minister was replying to a question asked by Shiv Sena leader Neelam Gorhe in the Legislative Council. Gorhe, had asked whether the state will frame a new law in place of Section 66 (A) that would compensate for the repercussions on the Supreme Court order.
 
She said, "Under the previous law, an accused could be put behind bars if he made objectionable comments on somebody. After this law was struck down, these miscreants will now get teeth to continue doing this. Will the state government formulate a law in line with the previous law?" 
 
Fadnavis said that there is no need for the state government to frame a new law as the Central government is already working on it.
 
"The Centre is working on formulating a new law on the lines of Section 66 (A) that was struck down by the Supreme Court. There was no conviction in the previous law and thus a law is being formulated that will be strong and which will result in convictions," the chief minister said.
 
While there were 937 registered cases under the IT Act in 2013, the number rose to 2,696 in 2014, he added.
 
Replying to a question by Hemant Takle (NCP), who pointed out that merely training 1,000 policemen will not help and that all police stations should be trained in handling cases of cybercrime, Fadnavis said that his suggestion will be considered.
 
He also said that while 1,000 policemen are being trained to tackle cybercrime cases, NASSCOM and DSCI are also imparting training to 4,416 officials and 5,972 low-level officers.
 
"To tackle cases, we will also think about taking help from outsourced agencies if required," Fadnavis added.
 

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COMMENTS

Ralph Rau

2 years ago

Muzzling legitimate criticism of government and politicians' misdeeds seems to be the objective.

More Government. Less Governance.

More Hypocrisy ?

The beginnings of a police state.

Moneylife Survey: Over 75% respondents disappointed with AAP turmoil
While majority of the respondents are disappointed with the recent turmoil in the Arvind Kejriwal-led AAP, there are some who think Narendra Modi and BJP hold the best hope for India
 
The recent turmoil in Aam Admi Party (AAP) has left several people, activists and sympathisers disappointed, reveals a Survey conducted by Moneylife. To understand whether the AAP turmoil hits aam admi's hope for alternative politics and better governance, Moneylife conducted a quick survey.
 
The Survey consisting just six questions was conducted online between 30th March and 2 April 2015. There were 1,288 people, who responded to all these questions. 
 
We had asked, "Has the recent turmoil in AAP disappointed you?" Almost 76.6% respondent replied in affirmative, while 21.1% people said no. Less than 3% people refused to comment.
 
 
The second question was, "With India Against Corruption (IAC) and AAP losing momentum, do you see this as the end of the people's movement against corruption?" Response to this question was at same level, with negative leading by 5%.
 
 
With some founder-members of AAP leaving the party, we wanted to know if the Arvind Kejriwal-led Delhi government can still deliver good governance. Almost 67.5% respondents do not think so. While 21.6% people still believe in this, over 10% respondents cannot say anything.
 
 
Although, Kejriwal has stated that the party would like to focus on Delhi at present, AAP still have several volunteers and office bearers at several places across the country eager to enter into local politics. However, about 75% of the respondents, who participated in the Survey think that AAP may not find support in other states for its kind of politics. 
 
 
This brought the next question on if only established political parties can deliver better governance. Here, almost 55% thought so. While 33.4% respondent have hopes from new generation parties compared with established ones, there were over 11% people who have no comment to offer.
 
 
In the end of the Survey, we asked people, which party, according to them holds the best hope for India. This question appears to have baffled respondents and also brought most colourful answers. One even asked, "Are you serious?" Other said, "Narendra Modi. BJP is hollow without him," while another says, "I think AAP can, provided they end drama".  Surprisingly, out of the 1,288 respondent 397 just skipped this one question. 
 
 

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COMMENTS

Prem Bhatnagar

4 months ago

Corruption in the system has increased manifold. Two major political parties are instrumental and made life of a common man miserable. More recently, party in power has penetrated in media houses to project biased scenario of national picture. Exploitation of poverty, jatiwaad, muslim community to ensure their seat of power is rampant. Under this scenario, where are we heading. What is the future of the Nation. Delhi masses voted for a change to see change the deteriorating scenario. Their faith and eagerness for change led to 67 out of 70 seats in Delhi. Three cheers for their BOLD step. Delhi is a state but functioning like UT. Assembly decisions with 95% majority are set aside by one man LG. More than 50 % Delhi is controlled by Centre. Even Anti Corruption Branch of Delhi is taken over by Centre. Lok Pal Bill is stalled. Two giant political parties, Influenced (purchased) media, CENTRE, and LG are working against the WILL of the people of Delhi. So-much-so, some of us have started saying that AK is a poor manager within two years. We need to stand by our resolve to bring change in Delhi and stand by our desire and strengthen resolute of AK, to bring change in the corrupt system. Have some of us started our wisdom in less than two years and getting Influenced by the Giants and their Money-power.

tikku

2 years ago

All those who are living in comfort will not be very keen--except those who are thinkers of all levels, who are sensitive and kind hearted and are educated in true sense.

All who fear losing their comfortable life have reasons to oppose and criticise AAP.

Poor and downtrodden are and will be in support always.

Unfortunately, a large portion of which are ignorant about the need for a total overhaul of Indian politics. They have not even tasted how democracy tastes. How a real kind of democracy could make a change in their life. They know only--work hard to eat to live and die without even having travelled to next village.

And it is so after 67 years of independence of India. You knw who is to blame?

VIKAS DABIR

2 years ago

We have to take opportunity to make progressive Bharat compare with other developed countries.We should not allow Congress hurdles,They are not capable to govern the transparency and they failed to deliver by last 60 years.

Ram Uday Singh

2 years ago

Do not worried people of India changing their thinking and definitely find out their real leader.All corrupt nexus including major part of media came in favor of BJP and all survey itself say about corrupt intention of corrupt media and corrupt nexus.Very sooner not later now true leader will come may be anybody but a son of farmer,working class or Junjal peoples

REPLY

NANDAKUMAR M S

In Reply to Ram Uday Singh 2 years ago

Media support for BJP! You should be kidding! MSM's hatred for Modi (&BJP),even today, is well evident. Modi won in spite of MSM's opposition.That is the truth. Nobody is worried as things are going correctly and the results would be visible in couple of years.

Ram Uday Singh

In Reply to NANDAKUMAR M S 2 years ago

Unfortunately nothing is going to happen as you think.I am in Gujarat and have been seeing since 18 yrs.

Kantharaj Gowda

2 years ago

How Delhi people voted for AAP party. Are deaf and blind? Cant understand what A.Kejriwal stands for.

manimaran

2 years ago

i have commented one month back in yahoo and hindu delhi people who voted muffler sick man arvind k.d.wala a.a.p will be fooled by april being april fool by end of this year a.a.p will be vanished

Ranjit

2 years ago

Paid news. We know the characteristics of BJP and CONGRESS. What happened in KOLKATA in front of BJP HQ a few days ago on the eve of Panchayat polls no news channel focused on the all out "FIGHTING" amongst BJP caders!!!

Tulsidas Hemnani

2 years ago

chor machaye shore-- so as kejriwal is doing now.

TIHARwale

2 years ago

Arvind Kejriwal came with promise of delivering anarchy. 75% who voted have no share in admn run by BJP, Congress etc. The remaing 25% who voted for AAP is people like me who felt BJP Congress etc are corrupt to the core so to defeat them we voted for AAP. Of course since Arvind Kejriwal and his 66 MLAs cannot make thier constituency like Grrenpark or GK they will make GP and GK another slum called Sunder Nagari with streets filled with over flowing drain. But AAP cannot make Delhi like say failed state like U.P. Bihar Bengal etc

manoharlalsharma

2 years ago

AAP is alike serial Shaw TV aired CHAKOR or CHAKRVERTY ASHOK it will take time to establish in a POLITICAL class,It is sure to come up with POSITIVE RESULT.

Suketu Shah

2 years ago

AAP is the most overrated political party in India history.Indian media gives them too much importance.They have achieved absolutely nothing in 3 months in power(49 days before and now another 23 months or so).

Rakesh Manchanda

2 years ago

It is not wise to compare AAP Movement with traditional parties bike BJP-Congress.For more details readers may navigate my article with title and link as under....

http://beyondheadlines.in/2015/04/aap-pa...

AAP Partition War Kills Delhi Dream?

vishal

2 years ago

Once again Delhi People showed their opportunistic character in choosing AAP rather than BJP. The BJP is corrupt like Congress and certainly has no magic formula that will work to deliver the goods to Indians. But what AAP has? I am not able to understand this.

webkitendfullscreen

2 years ago

I feel Kejriwal has uncanny streak for self destruction. The removal of own internal Lokpal was a disastrous decision and shook people's trust & faith. The situaion could have been handeled better & there was lack of communication from Kejriwal on the issue in public domain. We desperately need alternate political party that fights against corruption. Kejriwal indeed created a political revolution but some where there is a major hitch that's always impediment to Good Governance delivery. I feel he needs to mend his ways & really deliver on Governance to remove the disenchantment & make people repose faith once again.

SEBI asks Swar Agroteak not to collect money from investors

The company was engaged in fund mobilising activity from public by floating/ sponsoring/  launching Collective Investment Scheme (CIS) as defined in section 11AA of the SEBI Act, 1992, according to the SEBI Order

 

The SEBI Order passed on Swar Agroteak and Housing (India) Private Limited (SAHIPL), Etawah,  directed the company and its directors, Rajesh Awasthi, Pravesh Kumar Karowliya, Raghuvir Singh,  Dharmendra Kumar Pal, Jitendra Kumar Porwal and Shiv Kumar not to collect any fresh money from the investors under its existing scheme or not to launch any new schemes or plans or float any new companies to raise fresh moneys; not to dispose of or alienate any of the properties/assets obtained directly or indirectly through money raised by the company; and not to divert any funds raised from public at large which are kept in bank account(s) and/or in the custody of SAHIPL.
 
The company was engaged in fund mobilizing activity from public by floating/sponsoring/ launching Collective Investment Scheme (CIS) as defined in section 11AA of the SEBI Act, 1992.
 
SEBI had received a complaint on 26 March 2013 alleging that Swar Agroteak and Housing (India) Private Limited (SAHIPL ) was collecting money from the investors by promising allotment of land and that it had collected huge sums of money by promising to pay high returns from the profits received on the land. However, as per the complainant, the company was 'neither registered with RBI nor it had any license to raise money from the investors.' SEBI then started an investigation.
 
The SEBI Order mentions the initial findings as “Swar Agroteak and Housing (India) Private Limited (CIN: U74999UP2004PTC029042) was incorporated on 9 September 2004 as Golden Triangle Sales Private Limited and later changed its name to Swar Agroteak and Housing (India) Private Limited with effect from 30 September 2005. The registered office of the company is at Shastri Chauraha, Near Hero Honda Show Room, Etawah -206001 (UP). Rajesh Awasthi, Raghuvir Singh, Pravesh Kumar Karowliya and Shiv Kumar are the Directors of SAHIPL. Dharmendra Kumar Pal and Jitendra Kumar Porwal had resigned from the directorship of the company with effect from 14 September 2005 and 20 November 2011 respectively.”
 
SEBI also found out the system for investors included, “The applicants/ investors who are interested in the scheme of development and maintenance of land offered by SAHIPL are made to file an Application cum Agreement with SAHIPL. The application form contains basic details of the applicant (like name, address etc.), plan details (giving plan number, number of land units, terms of plan, total consideration, lump-sum payment, regular instalment plan, mode of payment), etc.”
 
The SEBI Order finds the system in SAHIPL to be that of a collective investment scheme and points out, “In light of the above analysis and examination, prima facie, the activity of fund mobilisation by SAHIPL under its 'Scheme' with a promise of return/ estimated realizable value, when considered in light of peculiar characteristics and features of such scheme, as discussed in the preceding paragraphs satisfies all the four conditions specified in Section 11AA (2) of the SEBI Act.”
 
The SEBI Order continues, “the launching/ floating/ sponsoring/causing to sponsor any 'collective investment scheme' by any 'person' without obtaining the certificate of registration in terms of the provisions of the CIS Regulations is in contravention of Section 12(1B) of the SEBI Act and regulation 3 of the CIS Regulations. It is noted that SAHIPL has not obtained any certificate of registration under the CIS Regulations for its fund mobilising activity from the public, under the instant 'Scheme' offered by it.”
 
Further, the activity of illegal mobilisation of funds by SAHIPL through its schemes, prima facie, amounts to a fraudulent practice in terms of Regulation 4(2)(t) of SEBI (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market), 2003 (PFUTP Regulations), according to the SEBI Order.
 
Hence, the restrictions in the SEBI Order on the company and its promoters/ directors.
 

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