22 April 2024

Search Results for Tag : director

Top Story

Government amends Companies (Appointment and Qualification of Directors) Fifth Amendment Rules, 2014 easing norms for independent directors(18.12.2020)

Central Government amends Companies (Appointment and Qualification of Directors) Fifth Amendment Rules, 2014 in exercise of powers conferred under Sec.....

Tags : Rules, Amendment, Independent directors

RBI issues advisory to banks to ensure the presence of two Whole Time Directors(25.10.2023)

RBI advises banks to ensure the presence of at least two Whole Time Directors (WTDs), including the MD and CEO, on their Boards. The number of WTDs sh.....

Tags : Appointment, Time Director, Board

Judgments

Summons to directors justified, if complaint filed under Sections 138 & 141 of NI Act alleges that Directors were in charge of and were responsible for conduct of business of the company(08.10.2021)

The present appeals are directed against the common judgment filed at the instance of the Appellants under Section 482 of Code of Criminal Procedure, .....

Tags : Directors, Liability, Cheque bounce

Director who has resigned from the position cannot be held liable for negotiable instruments issued or for the business conducted after his resignation(14.02.2024)

The Appellants in both the appeals were Directors in the Respondent- Company and had resigned from such Directorship on 9th December, 2013 and 12th Ma.....

Tags : Director, Resignation, Liability

Vehicles purchased by company for officers’ personal use not excluded from consumer protection law(08.07.2016)

The National Consumer Disputes Redressal Commission held that vehicles purchased by a company for its directors for their personal use are not exclude.....

Tags : consumer protection, vehicles, comercial use, directors

Director of Company can be liable for dishonour of cheque, if he was in charge of day-to-day affairs of the company or a signatory to the cheque(15.03.2024)

The present appeals challenge the common judgment and order passed by the High Court, whereby the High Court rejected the prayer for quashing of compl.....

Tags : Cheque dishonour, Liability, Director

International Cases

Court is empowered to grant leave to a disqualified person to manage a corporation(04.12.2018)

By originating process lodged 17 September 2018 the plaintiff seeks leave of the court under s 206G of the Corporations Act, 2001 to be a director of .....

Tags : Bankrupt, Act as director, application

Directors did not have the authority to represent the company in the POCA litigation(01.12.2023)

The Appellant (the company) has been in business rescue in terms of Chapter 6 of the Companies Act, 2008. The fourth and fifth respondents on appeal w.....

Tags : BRPs, Directors, Authority

To succeed in obtaining relief in terms of Section 163 of Companies Act, the applicant must prove to the court that the relevant conduct complained was of oppressive or unfairly prejudicial(28.02.2024)

Present litigation emanates from an acrimonious relationship between two directors and shareholders of a small private company. The applicant, who is .....

Tags : Powers, Director, Conduct

Notifications & Circulars

Minister of state of MSME released national foreign trade directory(26.04.2018)

Giriraj Singh, Minister of State (independent Charge) for Micro, Small & Medium Enterprises (MSME), Government of India & MSME Secretary, Dr. Arun Kum.....

Tags : Directory, Release, Foreign trade

Creation of Directorate General of Trade Remedies (DGTR) in Department of Commerce(09.05.2018)

The Government of India carried out an Amendment to the Government of India (Allocation of Business) Rules, 1961 on May 7, 2018 substituting "Director.....

Tags : Creation, Directorate, Trade Remedies

Clarifications on the Income Declaration Scheme, 2016(14.07.2016)

The Central Board of Direct Taxes released additional clarifications on the Income Declaration Scheme 2016.

In answers to ten additional qu.....

Tags : income declaration scheme, revision, directors, partners

Companies (Appointment and Qualification of Directors) Second Amendment Rules, 2020(29.04.2020)

In exercise of the powers conferred by section 149 read with section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes .....

Tags : Amendment, Rules, Appointment, Directors

RBI appoints Smt. Surekha Marandi as New ED(03.01.2017)

The Reserve Bank of India has appointed Smt. Surekha Marandi as Executive Director (ED) consequent upon superannuation of Shri U.S. Paliwal who retire.....

Tags : Appointment, Executive Director, RBI

Principal Director General of Income Tax (Systems) to be the designated authority for furnishing the 'bulk information' on certain identified parameters(21.06.2017)

In pursuance of sub-clause (ii) of clause (a) of sub-section (1) of Section 138 of the Income-tax Act, 1961, the Central Government, hereby specifies .....

Tags : Director General, Authority, Bulk Information

Greater vigilance for multiple directorships and common addresses of companies(03.11.2015)

The Special Investigation Team has sought permission from the Ministry of Corporate Affairs to take action against violations of the Companies Act, 19.....

Tags : Company, address, operating, directorship

Companies (Acceptance of Deposits) Second Amendment Rules, 2015(15.09.2015)

The Ministry of Corporate Affairs notified amendment to Rule 2(i)(c)(viii) of the Companies (Acceptance of Deposits) Rules, 2014. Aside from being per.....

Tags : Company, director, funds, give, declaration

Government to bring out new Performance-Based Rating of NGOs working on Environment(06.10.2015)

The Government will introduce new performance-based rating of Non-Government Organisations working in the environment field. It also released the 10th.....

Tags : Ngo, environment, rating, directory

Independent Directors in PSUs(02.12.2015)

Minister of Corporate Affairs, Arun Jaitley, stated in a reply to Parliament that the appointment of independent directors on the boards of public sec.....

Tags : Independent directors, psu, department, public enterprises

Split of position of Chairperson and Managing Directors in listed companies(24.07.2018)

The Securities and Exchange Board of India (SEBI), based on the recommendations of Kotak Committee on Corporate Governance, has amended the SEBI (List.....

Tags : Split, Position, Chairperson, Managing Directors

News

FIR Against PVR's Directors, Promoters for Cheating, Forgery(29.11.2017)

FIR Against PVR's Directors, Promoters for Cheating, Forgery

Tags : The case came to light when Elan Group filed a complaint in the court, which on November 17 directed the local police to register an FIR against Chairman and Managing Director of PVR Limited Ajay Bijli, and directors Niharika Bijli, Sanjeev Kumar Bijli and others.

Patrons of Accused Still Outside CBI Net, Says Vyapam Whistle Blower(29.11.2017)

Patrons of Accused Still Outside CBI Net, Says Vyapam Whistle Blower

Tags : Rai on Thursday filed, in the CBI court, applications opposing anticipatory bail pleas of SN Vijaywargiya of People's Medical College, NM Srivastava, the then joint director in the Medical Education Department, and Ajay Goenka of Chirayu Medical College besides an official of People's Medical College.

SC: Moratorium Does Not Apply to Proceedings in Respect of Directors/Management of Corporate Debtor(17.09.2021)

Supreme Court has observed that the moratorium ordered under Section 14 of the Insolvency and Bankruptcy Code, 2016 does not apply in respect of the d.....

Tags : Supreme Court, Proceedings in Respect of Directors/Management of Corporate Debtor

Director-General of Foreign Trade Issues Trade Notice All IEC Holders or Members of Trade(21.09.2021)

Director-General of Foreign Trade (DGFT) has issued the Trade Notice addressing All IEC Holders or Members of Trade, DGFT Regional Authorities, and Ex.....

Tags : Director-General of Foreign Trade, IEC Holders or Members of Trade

DGFT Extends Export Obligation Period of Specified Advance and EPCG Authorisations(24.09.2021)

Director-General of Foreign Trade (DGFT) has notified the extension of the export obligation period of specified Advance and Export Promotion Capital .....

Tags : Director-General of Foreign Trade, Obligation Period of Specified Advance and EPCG Authorisations

Delhi HC Directs Delhi Government to Appoint New Director of IHBAS(24.09.2021)

Delhi High Court has directed the Delhi Government to appoint, as expeditiously as possible, a new Director to head the Institute of Human Behaviour a.....

Tags : Delhi High Court, New Director of IHBAS

Madras HC Questions Appointment of CM Favored Candidate for DME Post Without Considering Merit(14.11.2016)

Madras High Court has pointed out that Chief Minister Jayalalithaa had accepted a proposal early this year heavily loaded in favour of a Government Do.....

Tags : Madras High Court, Director of Medical Education, Jayalalithaa

Higher Remuneration Paid to Director of Company Can’t be Disallowed: ITAT(03.10.2018)

ITAT, Mumbai has held that the excess Remuneration paid to the Director of the Government cannot be disallowed since there is no requirement to get ap.....

Tags : ITAT, Director, Remuneration

Delhi HC Orders Ministry of Corporate Affairs to Set Aside Disqualification of Directors(07.09.2020)

Delhi High Court has passed an order to set aside the disqualification of Petitioners as Directors who were disqualified under a retrospective applica.....

Tags : Delhi High Court, Disqualification of Directors

Gauhati HC: Managing Directors Can Only be Summoned if The Representatives Are Not Cooperating(23.05.2022)

Gauhati High Court has held that the Managing Director of a company should not be directly summoned by authorities under S. 108 of the Customs Act and.....

Tags : Gauhati High Court, Managing Director, Customs Act, Authorized Representative

Karnataka High Court Extends Stay on ED Attachment of Xiaomi India Pvt. Assets(24.05.2022)

Karnataka High Court has extended the stay granted on the Enforcement Directorate’s order dated April 29 till June 1. By the said order ED has directe.....

Tags : Karnataka High Court, Enforcement Directorate, Foreign Exchange management Act

Gujarat HC: Journalism Experience from Govt. Company not Required for Appointment as AD of Info, I&B(31.05.2022)

Gujarat High Court has held that Assistant Director of Information (Journalism) Class II Recruitment Rules, 2015 does not prescribe for mandatory jour.....

Tags : Gujarat High Court, Assistant Director, Journalism

Bombay HC Directs Payment of Salary & Dues to 'Retired' Director of Management College(18.05.2020)

Bombay High Court has directed the Mumbai University to pay salary dues to a professor cum director of a Management Institute run by the university fo.....

Tags : Bombay High Court, Payment of Salary & Dues to 'Retired' Director of Management College

No Exemption for Woman to Appear Before Enforcement Directorate: Madras High Court(13.07.2018)

Madras High Court has dismissed the challenge made by Senior Advocate Nalini Chidambaram against the summons issued under Section 50 of Prevention of .....

Tags : Madras High Court, Enforcement Directorate

Gujarat HC: Revenue Can’t Ignore Mandatory Requirement of Pre-Consultation(30.03.2022)

Gujarat High Court has ruled that the revenue cannot bypass the compulsory requirement of pre-consultation notice the origin of the show cause notice .....

Tags : Gujarat High Court, Compulsory Requirement, Pre Consultation Notice, Additional Director General

NCLAT: Superseded Director Not Entitled to Notice of CoC Meeting(31.01.2022)

National Company Law Appellate Tribunal has held that there exists a difference between supersession of Directors under the Reserve Bank of India Act,.....

Tags : National Company Law Appellate Tribunal, Superseded Director

SC Asks Bitcoin Scam Accused to Share Information With ED(19.04.2022)

Supreme Court has pulled up Ajay Bhardwaj, the accused in the Gain Bitcoin scam, for not complying with its direction to disclose details of the user.....

Tags : Supreme Court , Enforcement Directorate, cryptocurrency, Bitcoin

CBI Special Director Arrest: Maintain Status Quo, Delhi High Court Tells CBI(24.10.2018)

Delhi High Court has directed the agency to maintain “status quo” until October 29 on proceedings against its special director Rakesh Asthana who soug.....

Tags : Delhi High Court, CBI, Special Director, Rakesh Asthana

CCI Orders Probe Against Zomato and Swiggy On Complaint of Anti-Competitive Practices(06.04.2022)

Competition Commission of India has directed the Director General (DG) to investigate and determine whether the conduct of Zomato and Swiggy are anti-.....

Tags : Competition Commission of India, Director General, Zomato, Swiggy, anti-competitive, Section 3(1) and Section 3(4) of the Competition Act, 2002

AAR, Karnataka: No GST on Full-Time Directors’ Salary(11.05.2020)

Authority of Advance Ruling, Karnataka has clarified that if the director is an employee of the company, there will be no incidence of Goods and Servi.....

Tags : Authority of Advance Ruling, GST on Full-Time Directors’ Salary

Delhi HC Seeks Records From NCB, Customs & DRI in NDPS Cases(28.04.2022)

Delhi High Court has directed the Directorate of Revenue Intelligence, the Narcotics Control Bureau and the Customs Department to put on record a stat.....

Tags : Delhi High Court, Directorate of Revenue Intelligence, Narcotics Control Bureau, Customs Department, Narcotics Drugs and Psychotropic Substances Act, 1985, Customs Act, 1962

Karnataka HC: Directors of Company Can't Be Prosecuted Unless They Played "Active Role" in Process(20.05.2022)

Karnataka High Court has quashed the criminal proceedings initiated against the Proprietors/ Directors of a drugs manufacturing company for alleged pr.....

Tags : Karnataka High Court, Criminal Proceeding, Active Role, Directors

Gujarat High Court Quashes MCA List of Disqualified Directors(27.12.2018)

Gujarat High Court has quashed the list of disqualified directors published by Ministry of Corporate Affairs (MCA) on September 12, 2017 and held that.....

Tags : Gujarat High Court, Disqualified Directors, Ministry of Corporate Affairs

Delhi Court Extends AAP Minister Satyendar Jain’s ED Custody(09.06.2022)

Delhi Court has extended the Enforcement Directorate's custody of Aam Aadmi Party (AAP) Minister Satyendar Jain till June 13, in connection with a mon.....

Tags : Delhi Court, Enforcement Directorate, AAP

Punjab & Haryana HC Seeks DGP’s Report over Witness Protection in Jat Agitation Case(05.12.2016)

Punjab and Haryana High Court has directed Haryana Director General of Police (DGP) to file an affidavit about steps taken to protect witnesses relate.....

Tags : Punjab and Haryana High Court, Director General of Police, Jat agitation

CBI Case: CVC Submits Report, SC Asks Alok Verma to Respond(16.11.2018)

Supreme Court has said that CBI Director Alok Verma should be given the CVC report on the allegations against him and asked Alok Verma to file his res.....

Tags : CBI, Director, Alok Verma

Gujarat HC: Reassessment Should Only be Done by Officer or His Successor(04.05.2022)

Gujarat High Court, while invalidating the reassessment initiated by the Directorate of Revenue Intelligence, has ruled that the officer who did the a.....

Tags : Gujarat High Court, reassessment, Directorate of Revenue Intelligence

Delhi HC: Directors Responsible for Conduct of Business Can't be Liable If No Offence Is Attributed(10.05.2022)

Delhi High Court has observed that if no offence is attributed to the company, it is but the natural corollary, that its Directors and other persons r.....

Tags : Delhi High Court, Directors, natural corollary

Company is Eligible to Claim Deduction of Educational Expenses of Director: ITAT(22.11.2018)

Income Tax Appellate Tribunal (ITAT), Mumbai has held that education expenses incurred by a company for its Director are eligible for deduction under .....

Tags : ITAT, Mumbai, Director education expense, GST'

DGFT Changes Watermelon Seeds Import from Restricted to Free Till 30 September, 2022(24.06.2022)

Director General of Foreign Trade (DGFT) has notified an amendment to the Import Policy Condition under the Foreign Trade Policy 2015-2020 to allow th.....

Tags : Director General of Foreign Trade, Import Policy, Watermelon Seeds

Supreme Court to Centre: Appoint NHRC Director General Within One Week(23.01.2017)

Supreme Court has directed Centre to appoint a Director General in National Human Rights Commission (NHRC) within a week.

Tags : Supreme Court, National Human Rights Commission, Director General

SC Holds CBI Add. Director Nageswara Rao Guilty of Contempt of Court(12.02.2019)

Supreme Court has held CBI Additional Director M. Nageswara Rao guilty of contempt of court for transferring the investigating officer heading the pro.....

Tags : Supreme Court, CBI Add. Director Nageswara Rao

SC Reinstates Alok Verma as CBI Director(08.01.2019)

Supreme Court has set aside October 23 orders of Central Government and CVC divesting CBI Director Alok Kumar Verma of the charge of CBI and also orde.....

Tags : Supreme Court, CBI Director, Alok Verma

Cal. HC: Influential Accused Take Shelter in State-Run Hospital(25.07.2022)

Calcutta High Court while observing that Influential Accused Take Shelter in State-Run Hospital, has directed the Enforcement Directorate to shift Wes.....

Tags : Calcutta High Court, State Hospital, Enforcement Directorate

Madras HC Orders Enquiry into Conspiracy Between Directorate of Medical Education & Colleges(29.10.2020)

Madras High Court has ordered an enquiry into the conspiracy, if any, between the officials of the Directorate of Medical Education and the self-finan.....

Tags : Madras High Court, Conspiracy Between Directorate of Medical Education & Colleges

Bombay HC Grants Transit Pre-Arrest Bail to Director, Producer, Writer, Amazon Content Head(21.01.2021)

Bombay High Court has granted transit anticipatory bail to Tandav web series director Ali Abbas Zafar, producer Himanshu Mehra, Amazon content head Ap.....

Tags : Bombay High Court, Pre-Arrest Bail to Director, Producer, Writer, Amazon Content Head

COMPANY - Cheque Bounce Case Against Director: Must be Proved that Director responsible for Company's Conduct(11.03.2019)

Supreme Court has reiterated that, a 'cheque bounce' complaint against a Company and its Director, must contain a specific averment that Director was .....

Tags : Supreme Court, Cheque Bounce Case Against Director

COMPANY - Cheque Bounce Case Against Director: Must be Proved that Director Responsible for Company's Conduct(11.03.2019)

Supreme Court has reiterated that, a 'cheque bounce' complaint against a Company and its Director, must contain a specific averment that Director was .....

Tags : Supreme Court, Cheque Bounce Case Against Director

SC Issues Notice on PIL Challenging Order Retrospectively Amending Tenure of ED Director(16.02.2021)

Supreme Court has issued notice on a Public Interest Litigation filed by Common Cause challenging the order dated 13th November, 2020 which retrospect.....

Tags : Supreme Court, Amending Tenure of ED Director

Allahabad High Court Stays Arrest of Directors and Writers of ‘Mirzapur’ Series(19.02.2021)

Allahabad High Court has stayed the arrest of 'Mirzapur Series' Directors and Writers namely Karan Anshuman, Gurmeet Singh, Puneet Krishna and Vineet .....

Tags : Allahabad High Court, Directors and Writers of ‘Mirzapur’ Series

SEBI Rejects Appointment of 2 Shareholder Directors of NSE(09.09.2020)

Securities and Exchange Board of India (SEBI) has rejected the reappointment of two long-time shareholder directors on the board of the National Stock.....

Tags : Securities and Exchange Board of India, Appointment of Directors

Supreme Court Upholds Validity of Prevention of Money Laundering Act(27.07.2022)

Supreme Court has upheld the provisions of Prevention of Money Laundering Act (PMLA), 2002 which relate to the power of arrest, attachment, and search.....

Tags : Supreme Court, PMLA, Validity, Enforcement Directorate

SC: Not Necessary to Specifically Plead Managing Director is in Charge of Company's Affairs(02.08.2022)

Supreme Court has held that it is not necessary to make an averment that a Managing Director or Joint Managing Directors were in charge of and respons.....

Tags : Supreme Court, Negotiable Instrument, Managing Director

ITAT: Illness of MD of Company Not Sufficient Cause for Condoning Delay(04.08.2022)

Income Tax Appellate Tribunal (ITAT), Allahabad Bench has held that illness of Managing Director of company not sufficient cause for condoning delay o.....

Tags : ITAT, Condoning Delay, Managing Director

Mumbai Court Extends Sanjay Raut’s ED Custody(05.08.2022)

Mumbai Special Court has extended Enforcement Directorate (ED) custody of Sanjay Raut in Patra Chawl Scam case till August 8.

Tags : Mumbai Special Court, Enforcement Directorate, Custody

Supreme Court Asks Centre to Issue Fresh Notification on Appointment of ED Director(31.01.2017)

Supreme Court has directed Centre to issue a fresh notification within a week on appointment of Karnal Singh as director of Enforcement Directorate (E.....

Tags : Supreme Court, Enforcement Directorate, Director

Delhi HC: Mere Exculpatory Statement Not Ground to Believe Accused is Not Guilty of Money Laundering(15.09.2022)

Delhi High Court has held that a mere exculpatory statement made to officials of Enforcement of Directorate (ED) cannot suffice to form a reasonable g.....

Tags : Delhi High Court, Money Laundering, Enforcement Directorate

DGFT Introduces E-Tariff Rate Quota System for Imports(08.02.2021)

Directorate General of Foreign Trade (DGFT) has announced the introduction of an online e-Tariff Rate Quota (e-TRQ) System for imports. DGFT has prepa.....

Tags : Directorate General of Foreign Trade, E-Tariff Rate Quota System

SC Dismisses Plea Seeking Criminal Prosecution on Director General of BSF(09.02.2021)

Supreme Court has dismissed as withdrawn a petition seeking criminal prosecution of Rakesh Asthana, the present Director General of Border Security Fo.....

Tags : Supreme Court, Director General of BSF

EDUCATION - Delhi HC Upholds Circular Asking Schools to Follow Textbooks Prescribed by SCERT/NCERT/CBSE(28.03.2019)

Delhi High Court has dismissed a challenge against the circular issued by Directorate of Education, Government of National Capital Territory of Delhi,.....

Tags : Delhi High Court, Directorate of Education, Government of National Capital Territory of Delhi, SCERT, NCERT, CBSE

SC: Can't Seek Review Under the Garb of Miscellaneous Application(08.11.2022)

Supreme Court while Centre’s Plea to modify order passed by the Court on September 8, 2021 which prevented extension of tenure of Director of Enforcem.....

Tags : Supreme Court, Miscellaneous Application, Enforcement Directorate

Calcutta HC: Enforcement Directorate Officers Are Not Police Officers(26.12.2022)

Calcutta High Court while referring to Supreme Court’s recent judgment in Vijay Madanlal Choudhary case, has held that Enforcement Directorate (ED) of.....

Tags : Calcutta High Court, Enforcement Directorate, Police Officer, Inquiry

DGFT Notifies Export Quota of Broken Rice For LCs Prior To September 08, 2022(14.10.2022)

Director General of Foreign Trade has notified the export quota of broken rice for Letters of Credit (LCs) prior to September 8, 2022, for the Financi.....

Tags : Director General of Foreign Trade, Letters of Credit, broken rice

DGFT Notifies Export Quota of Broken Rice For LCs Prior To September 08, 2022(14.10.2022)

Director General of Foreign Trade has notified the export quota of broken rice for Letters of Credit (LCs) prior to September 8, 2022, for the Financi.....

Tags : Director General of Foreign Trade, Letters of Credit, broken rice

SC Warns UP DG Prisons of Contempt Action if Directions on Premature Release Are Violated(16.01.2023)

Supreme Court while issuing strict directions to Director General of Prisons of Uttar Pradesh to take all necessary steps to ensure that applications .....

Tags : Supreme Court, Director General of Prisons of Uttar Pradesh, Contempt, Remission

Delhi High Court: DRI Has No Jurisdiction to File Writ Against Order of Settlement Commission(23.05.2017)

Delhi High Court has held that Directorate of Revenue Intelligence (DRI) has no jurisdiction to file Writ Petition under Article 226 of Constitution o.....

Tags : Delhi High Court, Settlement Commission, Directorate of Revenue Intelligence

NCLT: Appointing New Directors Without Consent of Petitioner Shareholders Amounts to 'Oppression'(30.05.2017)

NCLT has held that increasing authorised share capital of company, appointing additional directors and transferring shares to non-members without noti.....

Tags : NCLT, additional directors, Oppression

Kerala High Court Quashes Kerala Police FIRs Against Enforcement Directorate(16.04.2021)

Kerala High Court has quashed the two FIRs registered by the Kerala Police Crime Branch against "unnamed officials" of the Enforcement Directorate for.....

Tags : Kerala High Court, FIRs Against Enforcement Directorate

SC: Fees to Director Not Exempted Under Clause 4 Schedule III of SEBI Stock Broker Regulations(22.03.2023)

Supreme Court while upholding SEBI’s decision to not to grant exemption to corporate entity from payment of fees to director under Clause 4 of Schedul.....

Tags : Supreme Court, SEBI, SEBI Stock Broker Regulations, Director

Madras HC Suggests Lyca Productions and Film Director, Shankar to Resolve Differences(23.04.2021)

Madras High Court has suggested that Lyca Productions and film director Shankar sit across the table and resolve their differences in completing the K.....

Tags : Madras High Court, Lyca Productions and Film Director, Shankar

SC: Insolvency Resolution of Company Doesn’t Extinguish Director's Liability U/S 138 NI Act(17.03.2023)

Supreme Court has held that the company's director cannot seek discharge from Negotiable Instruments Act proceedings on the ground that creditor’s deb.....

Tags : Supreme Court, Insolvency, Negotiable Instruments, Director's Liability

RBI Relaxes Norms on Loans to CEOs, Directors of Banks(17.09.2015)

RBI has said that loans granted to CEO and Whole Time Director of banks for purchasing car, personal computer, furniture, constructing/acquiring house.....

Tags : RBI, Loans to CEOs, Directors of Banks

Kerala HC Directs State to Decide on Giving Additional Charge to Director of Mining Department(01.06.2021)

Kerala High Court has directed the State government to revisit its decision to give C.K. Baiju, Director-in-Charge of the Mining and Geology Departmen.....

Tags : Kerala High Court, Additional Charge to Director of Mining Department

Del. HC to Vivo: Approach PMLA Appellate Tribunal in Plea Against Freezing of Debt Accounts(31.03.2023)

Delhi High Court has directed Vivo India to approach PMLA Appellate Tribunal to pursue its appellate remedies against the order of Enforcement Directo.....

Tags : Delhi High Court, PMLA Appellate Tribunal, Vivo, Enforcement Directorate

Bom. HC: No Legal Error in Alignment/Acquisition Proceedings of ML-4 Project(31.03.2023)

Delhi High Court has directed Vivo India to approach PMLA Appellate Tribunal to pursue its appellate remedies against the order of Enforcement Directo.....

Tags : Delhi High Court, PMLA Appellate Tribunal, Vivo, Enforcement Directorate

DGFT Changes Export Policy of Injection Remdesivir and Remdesivir Active Pharmaceutical Ingredients(15.06.2021)

Director-General of Foreign Trade (DGFT) has notified the changes in the Export policy of Injection Remdesivir and Remdesivir Active Pharmaceutical In.....

Tags : Director-General of Foreign Trade, Export Policy of Injection Remdesivir and Remdesivir Active Pharmaceutical Ingredients

SEBI Notifies Promoters and Directors Dealings to be Brought Under System Driven Disclosures(17.06.2021)

Securities and Exchange Board of India has decided to bring listed companies' promoters and directors' dealings in listed debt securities under the pu.....

Tags : Securities and Exchange Board of India, Promoters and Directors Dealings

Supreme Court Directs Handing Over of Ex-CBI Director Sinha’s Visitors’ Diary to Panel(08.12.2015)

Supreme Court has allowed an investigation team to access original visitors’ diary at ex-CBI director Ranjit Sinha’s residence. The team is investigat.....

Tags : Supreme Court , ex-CBI director Ranjit Sinha

DGFT Removes Import Restrictions on Refined Palm Oil, Refined Palm Olein, Potatoes(02.07.2021)

Director-General of Foreign Trade (DGFT) has temporarily removed import restrictions on refined palm oil, refined Palm Olein, Potatoes. According to a.....

Tags : Director-General of Foreign Trade, Import Restrictions on Refined Palm Oil, Refined Palm Olein, Potatoes

DGFT Introduces Online Deemed Exports Application Module on Its Website(30.07.2021)

Director-General of Foreign Trade (DGFT) has introduced an online Deemed Exports Application Module on its website. The members of the trade are hereb.....

Tags : Director-General of Foreign Trade, Online Deemed Exports

DGFT Issues Export Authorisation for SCOMET Items from New Online Restricted Exports IT Module(05.08.2021)

Director-General of Foreign Trade (DGFT) has issued the Export Authorisation for Special Chemicals, Organisms, Materials, Equipment, and Technologies .....

Tags : Director-General of Foreign Trade, Export Authorisation for SCOMET Items

SC: Registration of FIR in Corruption Case is Sufficient for ED to Launch Probe(18.05.2023)

Supreme Court while clarifying that generation and acquisition of proceeds of crime are like Siamese twins which would amount to money laundering, has.....

Tags : Supreme Court, Corruption, Enforcement Directorate, FIR, Money Laundering

SEBI: Two-Thirds of Members of NRC and AC of Listed Company to be Independent Directors(30.06.2021)

Securities and Exchange Board of India has said that two-thirds of the members of the nomination & remuneration committee (NRC) and the audit committe.....

Tags : Securities and Exchange Board of India, Independent Directors

DGFT Extends Date for Mandatory Electronic Filing of Non-Preferential CoO(20.07.2021)

Director-General of Foreign Trade (DGFT) has notified the extension of the date for Mandatory electronic filing of Non-Preferential Certificate of Ori.....

Tags : Director-General of Foreign Trade, Date for Mandatory Electronic Filing of Non-Preferential CoO

Rajasthan HC Directs DGP to Monitor Investigation in 18cr Land Case(02.12.2015)

Rajasthan High Court has directed Director General of Police (DGP) Manoj Bhatt to monitor investigation into a cheating case involving Rs 18 crore in .....

Tags : Rajasthan High Court, Director General of Police Manoj Bhatt

Kerala HC: Enforcement Directorate Can Prefer a Writ Plea Against State Government(13.08.2021)

Kerala High Court has held that the Enforcement Directorate can prefer a writ petition against the State Government despite being a statutory body sin.....

Tags : Kerala High Court, Enforcement Directorate

SC: Director of Company can be Made Accused Only if there is Enough Material to Prove His Active Role(26.08.2019)

Supreme Court has ruled that an individual either as a Director or a Managing Director or Chairman of the company can be made an accused along with th.....

Tags : SC, Director

DGFT: Importer Not Required to Furnish Quarterly Returns for Import of Water-Mark Bank Note Paper(14.07.2021)

Director-General of Foreign Trade (DGFT) has notified that the importer is no longer required to furnish quarterly returns for import of Water-mark Ba.....

Tags : Director General of Foreign Trade, Import of Water-Mark Bank Note Paper

DGFT Amends Forms ANF-2C to Reduce Exporter’s Regulatory Compliance Burden(16.07.2021)

Director-General of Foreign Trade (DGFT) has amended the ANF-2C to reduce the exporter’s regulatory compliance burden. The DGFT has deleted paragraph .....

Tags : Director-General of Foreign Trade, Forms ANF-2C

Madras HC Directs ADGP to Consider Transferring Policeman on Heath Grounds(21.10.2016)

Madras High Court has directed Additional Director General of Police (ADGP) to consider a plea made by a policeman suffering from Guillain Barre Syndr.....

Tags : Madras High Court, Additional Director General of Police, Guillain Barre Syndrome

Delhi HC to ED: Why Not Give Case Papers to Virbhadra(05.01.2016)

Delhi HC has questioned Enforcement Directorate (ED) on its refusal to furnish case documents to Himachal Pradesh Chief Minister Virbhadra Singh who i.....

Tags : Delhi HC , Virbhadra Singh , Enforcement Directorate

Supreme Court Rejects ED Plea Against Satyam’s Successor Firm Tech Mahindra(11.12.2017)

Supreme Court has dismissed an appeal filed by Enforcement Directorate against a 2014 Hyderabad High Court judgement quashing money laundering charges.....

Tags : Supreme Court, Enforcement Directorate

Supreme Court Upholds Extension of Tenure of ED Director SK Mishra(08.09.2021)

Supreme Court has refused to interfere with the extension of tenure given to the Director of Enforcement Directorate Sanjay Kumar Mishra. The Court ha.....

Tags : Supreme Court, Tenure of ED Director SK Mishra

Cal. HC: Cheating Case Against Directors Can’t Survive w/o Impleading Company(12.09.2023)

Calcutta High Court has held that when the agreement was entered into by and between the companies, criminal proceedings in a cheating case can’t surv.....

Tags : Calcutta High Court, Directors, Impleading Company

DGFT Notifies Procedure and Criteria for Applications for Export of Antigen Tests(19.08.2021)

Director-General of Foreign Trade (DGFT) has notified the Procedure and Criteria for submission, approval of applications for export of COVID-19 Rapid.....

Tags : Director-General of Foreign Trade, Applications for Export of Antigen Tests

SC Extends Term of ED Director SK Mishra's Till September 15(28.07.2023)

Supreme Court has extended the term of the Director of the Directorate of Enforcement (ED) SK Mishra till September 15 and added that no further appli.....

Tags : Supreme Court, Directorate of Enforcement, Director, Term

SC to ED: Withdraw LOC Against TMC MP Abhishek Banerjee & Wife Rujira Banerjee(31.07.2023)

Supreme Court has directed Directorate of Enforcement (ED) to withdraw the Look Out Circular (LOC) issued against TMC MP Abhishek Banerjee and his wif.....

Tags : Supreme Court, Look Out Circular, Directorate of Enforcement

Enforcement Directorate Attaches Assets of Ex- Bhushan Power and Steel Limited CMD(20.01.2020)

Enforcement Directorate has attached the assets worth Rs. 204 Crores of former Bhushan Power and Steel Limited chairman and managing director Sanjay S.....

Tags : Enforcement Directorate, Sanjay Singhal

DGFT Issues Notice on Non-Compliance and Misclassification of Imported Goods(20.01.2020)

Directorate General of Foreign Trade (DGFT) has issued the notice stating that Non-Compliance and Misclassification of Imported Goods under ‘Others’ C.....

Tags : Directorate General of Foreign Trade, Non-Compliance and Misclassification of Imported Goods

DGFT: Goods Imported as Gifts Can be Allowed Import Free on Payment of Full Applicable Fees(23.01.2020)

Directorate General of Foreign Trade (DGFT) has clarified that the goods imported as gifts can be allowed to import free on payment of full applicable.....

Tags : Directorate General of Foreign Trade, Import Free on Goods

Enforcement Directorate Arrests Kapil Wadhawan in Iqbal Mirchi Case(28.01.2020)

Enforcement Directorate has arrested Dewan Housing Finance’s former Chairman and Director, Kapil Wadhawan for his alleged role in financing the loan t.....

Tags : Enforcement Directorate, Kapil Wadhawan

Delhi HC Slams Delhi Govt., Directorate of Education and NDMC(19.04.2016)

Delhi HC has slammed Directorate of Education, Delhi Government and North Delhi Municipal Corporation (NDMC), after a plea was filed alleging that lak.....

Tags : Delhi HC , Delhi Govt., Directorate of Education, NDMC

Madras HC Rejects PIL Against BCCI(21.04.2016)

Madras HC has rejected a PIL filed by Ex-CBI Director R K Raghavan and others to restrain Indian Cricket Board and its Chairman Shashank Manohar from .....

Tags : Madras HC , Ex-CBI Director R K Raghavan

DGFT Notifies Extension of Date for Mandatory Electronic Filing on Non-Preferential CoO(20.10.2021)

Director-General of Foreign Trade (DGFT) has notified the extension of the Date for Mandatory electronic filing of the Non-Preferential Certificate of.....

Tags : Director-General of Foreign Trade, Filing of Certificate of Origin

Bombay HC: Directors Above 70 Yrs of Age Need SR and 3/4th Shareholders' Nod to Stay(19.02.2016)

Bombay HC has ruled that incumbent directors who are 70 years old and above will face automatic disqualification if they are not elected by a Special .....

Tags : Bombay HC, directors

Madras HC Rejects Rajesh Das's Challenge to Trial Court Jurisdiction in Sexual Harassment Case(29.10.2021)

Madras High Court has dismissed a plea by suspended Special Director General of Police (DGP) Rajesh Das challenging the jurisdictional competence of t.....

Tags : Madras High Court, Special Director General of Police (DGP) Rajesh Das

SC: ED Must Furnish Ground of Arrest in Writing at the Time of Arrest(04.10.2023)

Supreme Court while observing that Directorate of Enforcement (ED) is not expected to be vindictive in its conduct, has held that it would be necessar.....

Tags : Supreme Court, Directorate of Enforcement, Arrest

MCA Amends Companies (Appointment and Qualification of Directors) Rules, 2014(09.05.2018)

Ministry of Corporate Affairs (MCA) has amended Companies (Appointment and Qualification of Directors) Rules, 2014 by the Companies (Appointment and Q.....

Tags : Companies, Directors

MCA Amends Companies (Meetings of Board and Its Powers) Rules 2014(09.05.2018)

Ministry of Corporate Affairs (MCA) has amended the Companies (Meetings of Board and Its Powers) Rules 2014 by the Companies (Meetings of Board and It.....

Tags : Companies, Directors

Madras HC: Appointment of Independent Directors in Social Audit of MGNREGA is Must(18.02.2020)

Madras High Court has directed the State of Tamil Nadu to issue fresh Government Order prescribing the qualifications for the appointment of independe.....

Tags : Madras High Court, Appointment of Independent Directors in Social Audit

Supreme Court: Directors of Company Not Liable For Dishonor of Cheque After Their Retirement(16.02.2024)

Supreme Court has observed that the Director of a company cannot be held liable for the dishonor of a cheque after his retirement, which has been issu.....

Tags : Supreme Court, Dishonor of Cheque, Directors of Company

Madras HC Quashes Case Booked by Economic Offences Wing Against ITNL and Directors(02.09.2021)

Madras High Court has quashed a case booked by Economic Offences Wing against IL&FS Transportation Networks India Limited (ITNL) and its former direct.....

Tags : Madras High Court, ITNL and Directors

No Absolute Bar to Summon Aged Woman Before Enforcement Directorate: Madras High Court(27.04.2018)

Madras High Court has dismissed plea of senior advocate Nalini Chidambaram, challenging summons to requiring her personal appearance before Enforcemen.....

Tags : Madras High Court, Enforcement Directorate

Lok Sabha Passes Bills Enabling Extension of Term of CBI, ED Directors Up To 5 Years(10.12.2021)

Lok Sabha has passed Central Vigilance Commission (Amendment) Bill, 2021 and the Delhi Special Police Establishment (Amendment) Bill, 2021, to amend t.....

Tags : Lok Sabha, Extension of Term of CBI, ED Directors

Delhi HC Grants Interim Relief to ED, Stays Notices Issued by West Bengal Police(13.12.2021)

Delhi High Court has granted ad interim relief to the Enforcement Directorate by staying the operation of the notices, issued by West Bengal Police, t.....

Tags : Delhi High Court, Interim Relief to Enforcement Directorate

MCA Notifies Deflagging of Disqualified DINs of Directors Post-Demonetization(11.11.2021)

Ministry of Corporate Affairs (MCA) has notified that the Director Identification Numbers (DINs) of Directors found to be disqualified post-demonetiza.....

Tags : Ministry of Corporate Affairs, Disqualified DINs of Directors Post-Demonetization

President of India Promulgates Ordinance to Allow Extension of Tenure of CBI and ED Directors(15.11.2021)

President of India has promulgated two Ordinances to allow the extension of the tenure of the Directors of the Central Bureau of Investigation (CBI) a.....

Tags : President of India, Extension of Tenure of CBI and ED Directors

Del HC: Admission Can’t be Denied if DoE is Satisfied that Child is Entitled to Admission Under EWS(11.01.2024)

Delhi High Court has held that if the Directorate of Education (DoE) is satisfied that the child is entitled to preferential admission under the Econo.....

Tags : Delhi High Court, Admission, Directorate of Education, EWS

Personal Expenses of Directors of Company Can’t be Disallowed Without Sufficient Proof: ITAT(24.09.2018)

Delhi bench of ITAT, has held that while deleting an addition against the assessee-Company, that the personal expenses of the Directors/ Office bearer.....

Tags : ITAT, Personal Expenses of Directors

Karnataka High Court: ED Can Probe A Case Throughout India Under PMLA(07.01.2022)

Karnataka High Court has said that the Enforcement Directorate can probe a case throughout India, including the Union Territory of Jammu and Kashmir u.....

Tags : Karnataka High Court, Prevention Of Money Laundering Act, 2002, Enforcement Directorate

Supreme Court Rejects ED's Plea Against Order Granting Bail To Deepak Kochhar(11.01.2022)

Supreme Court of India has dismissed Enforcement Directorate's plea against Bombay High Court's order in the multi-crore ICICI Bank-Videocon money lau.....

Tags : Supreme Court, Enforcement Directorate, Deepak Kochhar, PMLA

Kerala HC: Directors of Company Cannot be Implicated Without Specific Averments(17.01.2022)

Kerala High Court has ruled that Directors of a company cannot be implicated without specific averments indicating their role in the offence, particul.....

Tags : Kerala High Court, Directors of Company

SC Junks Plea to Inquire Bribery Charges Against Ranjit Sinha(07.04.2016)

SC has dismissed a plea to order an inquiry into bribery allegations against Ex- CBI Director Ranjit Sinha, accused of demanding money from a person f.....

Tags : SC , Ex- CBI Director Ranjit Sinha

DGFT Notifies Extension of Date for Mandatory Electronic Filing of Non-Preferential CoO(16.11.2021)

Director-General of Foreign Trade (DGFT) has notified the extension of the Date for Mandatory electronic filing of Non-Preferential Certificate of Ori.....

Tags : Director-General of Foreign Trade, Mandatory Electronic Filing of Non-Preferential CoO

DGFT Issues Trade Notice to Importer-Exporter Codes for Deactivation(22.11.2021)

Directorate General of Foreign Trade (DGFT) has issued the trade notice to all Importer-Exporter Codes (IECs) which have not been updated after Januar.....

Tags : Directorate General of Foreign Trade, Importer-Exporter Codes

SC Issues Notice to ED on Karti's Plea For Return of Rs 20 Crores Deposited with Court(14.01.2020)

Supreme Court has issued notice to the Enforcement Directorate on Karti Chidambaram's plea seeking return of his deposit of Rs 20 crore, which was dep.....

Tags : Supreme Court, Enforcement Directorate, Karti Chidambaram

Central Administrative Tribunal, Chandigarh Quashes Appointment of Director General of Police, Punjab(20.01.2020)

Central Administrative Tribunal, Chandigarh has quashed the appointment of Dinkar Gupta as the Director-General of Police, Punjab.

Tags : Central Administrative Tribunal, Director General of Police, Punjab

Madras HC Quashes FIR Against Director Pa. Ranjith Over Comments on Chola Empire(30.11.2021)

Madras High Court has quashed criminal proceedings initiated against Film Director Pa. Ranjith for his remarks on the Chola era during a public gather.....

Tags : Madras High Court, Director Pa. Ranjith

DGFT Issues Advisory on Safe Custody of Digital Tokens, Documents, Scrips(30.11.2021)

Director-General of Foreign Trade (DGFT) has issued the Advisory on safe custody of digital tokens, documents, scrips, etc. Under the revamped online.....

Tags : Director-General of Foreign Trade, Safe Custody of Digital Tokens, Documents, Scrips

DGFT Notifies Date for Electronic Filing of RCMC or RC through Common Digital Platform(01.12.2021)

Director-General of Foreign Trade (DGFT) has issued the Trade Notice in respect of the Electronic filing of Registration Cum Membership Certificate (R.....

Tags : Director-General of Foreign Trade, Electronic Filing of RCMC or RC through Common Digital Platform

Delhi HC: Non-Executive Directors of Company Immune from Cheque Dishonor Proceedings(11.03.2020)

Delhi High Court has held that the non-executive directors of a company are exempted from the cheque dishonour proceedings under Section 138 of the Ne.....

Tags : Delhi High Court, Non-Executive Directors

Delhi High Court Declines Relief to Chief Minister Arvind Kejriwal in Liquor Policy Scam Case(28.03.2024)

Delhi High Court while issuing notice to the Enforcement Directorate on plea by Delhi Chief Minister Arvind Kejriwal in Liquor Policy Scam case, has r.....

Tags : Delhi High Court, Liquor Policy Scam, Enforcement Directorate, Chief Minister

Police Not Allowed to Tutor Witnesses, Supreme Court Directs Action Against Police Officers(08.04.2024)

Supreme Court while admonishing Tamil Nadu Police for tutoring witnesses, has directed the Tamil Nadu's Director General of Police to initiate an enqu.....

Tags : Supreme Court, Tamil Nadu Police, Director General of Police

Madras HC Sets Aside RoC’s Order Disqualifying Directors For Non-Filing of Financial Statements(08.08.2018)

Madras High Court has set aside the disqualification of directors of private companies for failure to file annual returns/ financial statement for thr.....

Tags : Madras High Court, Directors

Supreme Court Stays Bombay HC Order Granting Relief to Disqualified Directors(08.08.2018)

Supreme Court has stayed a Bombay High Court order, which gave relief to directors of the companies struck off by the Registrar of Companies (RoC) las.....

Tags : Supreme Court, Directors

Delhi HC Issues Notice on Plea Challenging Age Criteria for Appointment of DMRC Managing Director(03.03.2022)

Delhi High Court has issued notice on a Public Interest Litigation filed by Advocate Aswhini Kumar Upadhyay, challenging the age criteria for appointm.....

Tags : Delhi High Court, Appointment of DMRC Managing Director

Delhi High Court Upholds Chief Minister Arvind Kejriwal’s Arrest in Liquor Policy Scam Case(09.04.2024)

Delhi High Court has dismissed Chief Minister Arvind Kejriwal’s plea challenging his arrest by the Enforcement Directorate and upheld his arrest by ho.....

Tags : Delhi High Court, Chief Minister, Liquor Policy Scam, Enforcement Directorate

Ker. HC: Improper to Compel Election Candidate to Answer ED Summons Just Before LS Elections(10.04.2024)

Kerala High Court has held that it is not proper to disturb a candidate contesting elections and compel him to answer summons served by the Enforcemen.....

Tags : Kerala High Court, Enforcement Directorate, Lok Sabha Elections

Bom HC: Person Cannot be Deprived of Right to Sleep by Recording Statements at Unearthly Hours(16.04.2024)

Bom. HC while observing that recording of statement, at unearthly hours, results in deprivation of a person’s sleep, a basic human right of an individ.....

Tags : Bombay High Court, Enforcement Directorate, Unearthly Hours, Recording of Statements

DGFT Notifies Indian Trade Classification (Harmonised System) 2022 as per Finance Act, 2021(11.02.2022)

Director-General of Foreign Trade (DGFT) has notified the Indian Trade Classification (Harmonised System) 2022 (ITC (HS) 2022) to sync with the Fina.....

Tags : Director-General of Foreign Trade, Indian Trade Classification (Harmonised System) 2022

Del. HC: Cannot Quash ED Summons Only Because it Lacks Relevant Documents Required For Investigation(15.03.2024)

Delhi High Court has held that if the Enforcement Directorate (ED) issues summons, they cannot be quashed merely on the ground that relevant documents.....

Tags : Delhi High Court, Enforcement Directorate, Relevant Documents

Delhi Chief Minister Arvind Kejriwal Arrested by Enforcement Directorate in Liquor Policy Case(22.03.2024)

Enforcement Directorate has arrested Chief Minister of Delhi Arvind Kejriwal in a money laundering case that is related to the alleged liquor policy s.....

Tags : Enforcement Directorate, Chief Minister, Liquor Policy Case

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