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CAPITAL MARKET - SEBI Issues Guidelines for Proxy Advisors - 04.08.2020
Securities and Exchange Board of India (SEBI) has said proxy advisors should share their reports with their clients and the company they are examining at the same time.
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CIVIL - Madras HC: Any Senior Muslim Advocate can be Nominated as Waqf Member - 04.08.2020
Madras High Court has made it clear that the occurrence of the words "any senior Muslim advocate" in the proviso to Section 14(1)(b)(iii) of the Waqf Act, 1995 is not confined to designated senior counsel and that any senior muslim advocate can be nominated as Waqf member.
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EDUCATION - Madras HC: All Unaided Private Educational Institutions "Establishment" for Purpose of ESI Act - 04.08.2020
Madras High Court has ruled that all private educational institutions will come under the purview of the Employees' State Insurance Act, 1948 and will be treated as an 'establishment' for all purposes under it.
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FAMILY - SC: Memorandum of Family Settlement Binding on Parties; Does Not Require Registration - 04.08.2020
Supreme Court has observed that a 'memorandum of family settlement' is not required to be registered and is binding on the parties.
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GOODS AND SERVICES TAX - Gujarat HC: Supply of Services Outside India by "Intermediaries" Not Export - 04.08.2020
Gujarat High Court has ruled that supply of services outside India by "intermediaries" in India is not an export, thereby continuing their liability of 18% Integrated Goods and Services Tax.
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INSURANCE - Rajasthan HC: Poor Farmers Cannot Be Denied Payment of Insurance - 04.08.2020
Rajasthan High Court directed Agricultural Insurance Company of India (AIC) to release the amount due to the petitioner farmers of Satalana village under the Pradhan Mantri Fasal Bima Yojna within a period of four weeks from the date of order.
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