REGULATIONS


The Supreme Court Monday put on hold the Allahabad High Court order asking the Uttar Pradesh government to disclose in how many criminal cases it has withdrawn prosecution against an accused even though the trial is pending against them.   A vacation bench of Justice A.K. Sikri and...

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Venkatachari Jagannathan (IANS) 18 May 2015
Corporate compliance officials hold that the new regulations have imposed some additional risks on them as a large community of outsiders including journalists, vendors, bankers and others have been included under the definition of the term insider   The Indian securities market...

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The Supreme Court Thursday declined a batch of petitions by farmers of villages located in Noida, Greater Noida and Noida Extension, neighbouring the national capital, seeking restoration of their lands which were held to be wrongly acquired by NOIDA authority by invoking the urgency...

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CS Vinita Nair  and   Aman Nijhawan 14 May 2015
Every listed company and market intermediary must have a code of conduct to regulate, monitor and report trading by its employees and connected persons. Every other person who may handle unpublished price sensitive information are also required to frame a Code of...

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The observations came while hearing an application by Amit Sibal, seeking vacation of the stay of the defamation proceedings against Kejriwal initiated by him   The Supreme Court on Thursday accused Delhi Chief Minister Arvind Kejriwal of double standards by seeking stay of criminal...

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Various telecom companies, among them Bharti Airtel, Idea, Vodafone and Reliance, moved the court seeking extension of their licences in different circles, which are about to expire   The Supreme Court on Thursday dismissed a bunch of petitions of telecom service providers for...

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The Benami Transactions (Prohibition) Amendment Bill, 2015 was introduced in the house by Finance Minister Arun Jaitley and is part of initiatives of the government to fight black money   The benami transaction amendment bill, which provides for attachment and confiscation of benami...

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These provisions, however, were not to apply to any transaction entered into by an individual in the name of his mother, father, spouse, brother or sister   In another initiative to fight the menace of black money in the country, the union cabinet on Wednesday approved the...

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The Cabinet Committee on Economic Affairs (CCEA), in a meeting here chaired by Prime Minister Narendra Modi, cleared the two proposals to give a renewed thrust to the highways sector   The government on Wednesday approved a project-exit policy for highway developers and also...

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The proposed sale of 5 percent stake in NTPC is expected to fetch the exchequer around Rs.5,500 crore, while that of 10 percent stake in IOC would bring in nearly Rs.8000 crore   The union cabinet on Wednesday approved the sale of a 10 percent stake in Indian Oil Corp and a 5 percent...

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Moneylife Digital Team 13 May 2015
Except the President, Prime Minister, Chief Justice of India and departed leaders, photographs of other political leaders should not be used in government advertisements, the apex court ruled   In a landmark judgement, the Supreme Court on Wednesday prohibited use of photographs of...

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Kolkata Knight Riders co-owners, Bollywood superstar Shah Rukh Khan, actress Juhi Chawla and her husband Jay Mehta, have been served Enforcement Directorate (ED) summons for allegedly violating FEMA norms, official sources said here on Wednesday.   The ED move follows a notice sent in...

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The bill on the goods and services tax (GST) was on Tuesday sent to a select committee of the Rajya Sabha.   The committee will table its report in the upper house on the last day of the first week of next parliament session.   The 21-member committee is headed by Bhupender...

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Several large advertisers are undermining the self-regulatory body, ASCI. Do they want a government regulator?   Often, industry fails to realise that it has a good thing going with self-regulation. By its own actions, it can create a draconian alternative that neither helps the...

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The Undisclosed Foreign Income and Assets bill, providing for heavy penalties for stashing black money away in foreign accounts, was passed by the Lok Sabha on Monday.   Moving what is called the Black Money Bill for acceptance by the lower house, Finance Minister Arun Jaitley...

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The Congress proposed that the committee may table its report on the first day of the next session of parliament, and the legislation can be taken up then   The land acquisition bill may go to a joint committee of parliament while the Goods and Services Tax (GST) bill can be sent to a...

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The Appropriation Acts (Repeal) Act, 2015, was passed by the house with a voice vote   The Lok Sabha on Monday passed a bill that seeks to repeal 758 appropriation acts including those pertaining to railways passed from 1950 to 2012.   Replying to the debate on the bill, Law...

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The Comptroller Auditor General of India said by allowing Reliance Industries to offer voice telephony with a broadband licence, the Department of Telecom had caused a loss of Rs3,367.29 crore   India's official auditor has alleged that the broadband arm of Reliance Industries was...

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Two other cases have been filed by Vishal Gupta and Albion InfoTel Ltd against Google Inc, Google Ireland Ltd and Google India   The Competition Commission, which had ordered probes against Google in four different cases for alleged abuse of dominant market position, has received...

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The court accepted Sahara's proposition, given by Sibal, that the bank guarantee shall only be encashed by the market regulator upon the directions of the court   The Supreme Court on Friday allowed Sahara to arrange a bank guarantee of Rs5,000 crore in the favour of the capital...

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