REGULATIONS


The committee, headed by principal secretary, finance, has to do its work by July 31   To facilitate ease of doing business in the capital, the AAP government Thursday set up a committee to junk outdated licences.   "A committee has been set up to review each and every license...

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Will it make our food safer and address real issues?   There is more manufactured hysteria around Maggi noodles than we have ever had when scores of people, including children, have died of poisoning due to adulterated sweets during Diwali, or adulterated liquor. The excess lead in...

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Does SEBI not keep an eye on the arbitration process?   In journalism, it is said that when man bites dog, it is guaranteed to make news. So why isn’t it headline news when a National Stock Exchange (NSE) arbitration panel at Patna (Bihar) awarded a stupendous Rs92 lakh crore to an...

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Moneylife Digital Team 08 June 2015
Without admission or denial of guilt on the part of Emkay  to the  findings  of fact or conclusions  of  law,  Emkay  has remitted  a  sum  of  Rs11,00,800 favouring SEBI  towards the terms of settlement in the matter   Securities and Exchange Board of India (SEBI) initiated...

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The Essar Diaries are a peek into a sordid story of crony capitalism, first leeching off public shareholders and then public sector banks   The Essar diaries, which are part of an affidavit filed by the Centre for Public Interest Litigation (CPIL) in the Supreme Court of India...

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Noting that the Food Safety and Standards Authority of India (FSSAI) has commenced proceedings against Maggi noodles, the Confederation of All India Traders (CAIT) on Sunday demanded action against its brand ambassadors and the officials, too, who approved the product.   In a...

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Food and Civil Suplies Minister Girish Bapat announced the ban after reports of six Maggi samples were received from a Pune testing lab   The Maharashtra government late on Friday banned Nestle's Maggi noodles in the state.   Food and Civil Suplies Minister Girish Bapat...

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The Nestle team was led by its global chief executive Paul Bulcke and Etienne Benet, managing director and chief executive of India operations   India's food safety watchdog on Friday ordered all the nine Maggi noodle variants to be "withdrawn and recalled" by Nestle and stop its...

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Moneylife Digital Team 05 June 2015
A company (NDTV) that was posting losses for past five years and receives a tax demand of Rs450 crore, which is higher than its net worth of Rs365 crore, should have made prompt, voluntary disclosures to exchanges, the SEBI order says   The Securities and Exchange Board of India...

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Gujarat on Thursday banned Maggi, Sunfeast and Hakka noodles brands for 30 days after samples of the snack food failed laboratory tests.   Health Minister Nitin Patel told media persons that 27 out of 39 samples of Maggi noodles were found to contain objectionable levels of lead --...

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Moneylife Digital Team 04 June 2015
Neesa Technology that issued NCDs of Rs1 lakh each with IDBI Trusteeship Services as the debenture trustee, has been restrained by SEBI from raising funds and securities markets till further notice   Market regulator Securities and Exchange Board of India (SEBI) has asked...

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A path-breaking judgement of the Bombay High Court can help all litigants on unending cases where they do not know if the opposite party is dead or alive   Prof Kelwadi is an advocate. He teaches law. A good friend, he was the advocate mentioned in an earlier article on judicial...

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US-based taxi provider Uber will continue to be banned in the national capital as the Delhi government rejected its fresh request for plying cabs.   The decision was taken after the city government found that Uber "failed to submit the sworn affidavit of complying with the ban order...

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The government on Wednesday filed a complaint against Nestle India with the National Consumer Disputes Redressal Commission (NCDRC), following the controversy over samples of Maggi noodles containing lead beyond permissible limits.   Food and Consumer Affairs Minister Ram Vilas Paswan...

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Maharashtra has cracked the whip on multinational Nestle's Maggi brand of noodles and samples collected from around the state have been sent for testing in government laboratories, a minister said Wednesday.   Food & Civil Supplies Minister Girish Bapat said that the samples have been...

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The Supreme Court on Wednesday asked the CBSE not to declare the Pre-Medical Entrance Test (PMET) results till June 9 as Haryana Police was probing the leak of the May 4 examination paper.   An apex court vacation bench comprising Justice Prafulla C. Pant and Justice Amitava Roy said...

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The Enforcement Directorate, which is probing the Rs.35,000 crore illegal iron ore mining scam in Goa, has issued show cause notice to Goa-based iron ore export firm Magnum Minerals for under-invoicing exports and parking abroad the proceeds of iron ore sale to the tune of Rs.136.93...

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Moneylife Digital Team 02 June 2015
According to SEBI investigation as on March 2011 Susk India had collected Rs1.29 crore from investors as advance booking for plots, however, the company acquired land worth only Rs15.19 lakh   Market regulator SEBI in an interim order cum show cause notice has asked Susk India Ltd and...

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The frequent call drops which mobile phone users face today may soon invite a penalty for service providers, Communications and IT Minister Ravi Shankar Prasad said on Tuesday, while announcing free roaming facility by the state-run national telecom provider BSNL from June 15.   The...

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The food safety watchdog has taken more samples of Maggi noodles across India for testing after certain harmful substances were allegedly found in a batch in quantities higher-than-permissible-limits, the government said on Monday warning that violation of standards will make even brand...

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