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Supreme Court Rues ‘Unfortunate Gap’ in Juvenile Justice Act, 2015 - 10.01.2020

Supreme Court has held that a gross mistake has been made by framers of Juvenile Justice (Care and Protection of Children) Act, 2015 that allows a juvenile to evade being treated as an adult in grave offences such as homicide not amounting to murder as such crimes do not carry a minimum sentence.

Tags : Supreme Court Juvenile Justice

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Securities and Exchange Board of India Refuses to Tweak New Rules in Meeting with Brokers - 10.01.2020

Securities and Exchange Board of India has refused to tweak its new regulations on margin requirements giving the bourses a month for implementation of the new monitoring mechanism. The Board has also directed exchanges to implement a framework to monitor margins maintained by clients for intra-day trades, in both the derivatives as well as cash segments.

Tags : Securities and Exchange Board of India Brokers

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SEBI Puts in Place Operating Guidelines for Investment Advisers in IFSC - 10.01.2020

Securities and Exchange Board of India has come out with guidelines for entities for operating as investment advisers in International Financial Services Centre, under which such advisers need to have a net worth of at least USD 1.5 million.

Tags : SEBI IFSC

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Supreme Court Asks J & K Administration to Review All Restrictive Orders Within Seven Days - 10.01.2020

Supreme Court has directed the Jammu and Kashmir Administration to review all orders of restrictions imposed in Jammu and Kashmir after the abrogation of the State's Special status within a week. The Court has stated that indefinite suspension of internet is not permissible and repeated orders under Section 144 of the Code of Criminal Procedure, 1973 would amount to abuse of power.

Tags : Supreme Court Restrictive Orders

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Supreme Court Stays NCLAT Order Reinstating Cyrus Mistry as Tata Sons Executive Chairman - 10.01.2020

Supreme Court has stayed the order passed by National Company Law Appellate Tribunal reinstating Mistry as executive chairman. The Court also issued a notice to Mistry and summoned him to answer questions raised by Tata's lawyer in a petition filed against the NCLAT order.

Tags : Supreme Court Cyrus Mistry

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Delhi High Court Rejects Plea Seeking Removal of CAA Protesters, Road Blockades at Shaheen Bagh - 10.01.2020

Delhi High Court has refused to entertain a plea seeking directions for removal of demonstrators protesting the Citizenship (Amendment) Act, 2019 at Shaheen Bagh in order to clear road blockages that are causing traffic congestions at the DND route.

Tags : Delhi High Court CAA

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Supreme Court Seeks UP Government Reply Over Arresting Journalist Under Gangster Act - 10.01.2020

Supreme Court has sought Uttar Pradesh Government's reply on a bail plea of a journalist arrested under the stringent UP Gangsters and Anti-Social Activities (Prevention) Act, 1986 for alleged blackmailing and extortion of Noida police officials. The top court asked the Allahabad High Court to proceed with a similar plea before it concerning the bail of journalist and decide the issue expeditiously.

Tags : Supreme Court Journalist

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Supreme Court Rejects Telecom Companies’ Plea to Hold Open- Court Hearing - 09.01.2020

Supreme Court has rejected the request of Bharti Airtel, Vodafone Idea, Tata Teleservices, Hughes Communications India and some state-run firms for an open-Court hearing of their petitions to review the verdict on adjusted gross revenue, which has left companies facing combined dues of more than Rs 4.45 Lakhs crore.

Tags : Supreme Court Telecom Companies

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National Company Law Tribunal, Hyderabad Orders Insolvency for Sri Yadadri Life Sciences - 09.01.2020

National Company Law Tribunal, Hyderabad bench has ordered the proceedings at Sri Yadadri Life Sciences for the alleged default in payments to Adroit Financial Services for advice given on insolvency resolution and services towards capital structuring and settlement of debt through a one-time settlement with its lender.

Tags : National Company Law Tribunal Insolvecny

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Income Tax Appellate Tribunal, Bangalore: Delay in Furnishing Audit Reports is Mere Technical Breach - 09.01.2020

Income Tax Appellate Tribunal, Bangalore has held that the delay in furnishing audit reports results only in the technical venial breach which does not cause any loss to the exchequer.

Tags : Income Tax Appellate Tribunal Audit Reports

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