News Updates
PC Act | Special Court Can Proceed Against Accused For IPC Offences Though Sanction Under S.19 PC Act Is Not Granted : Supreme Court
The Supreme Court recently held that a Special Court under the Prevention of Corruption Act 1988 (PC Act) can proceed against an accused for offences under the Indian Penal Code 1860 even if sanction for prosecution has not been granted in respect of PC Act offences as per Section 19 of the said Act.In this case, the appellant, a bank manager, was facing trial for offences punishable...
SEBI (Settlement Proceedings) Amendment Regulations, 2023 | SEBI Empowers Panel Of Whole Time Members For Settlement Proceedings
In a significant development, the Securities and Exchange Board of India (SEBI) has introduced an amendment to the Securities and Exchange Board of India (Settlement Proceedings) Regulations, 2018, via the Securities and Exchange Board of India (Settlement Proceedings) (Second Amendment) Regulations, 2023. The amendment, issued through notification No. SEBI/LAD-NRO/GN/2023/142 on August 10,...
Industry Standards Forum To Facilitate Ease Of Implementation Of Regulations: SEBI
Securities and Exchange Board of India (SEBI), the regulator for capital markets, announced that within the next three to four months, three industry associations will develop guidelines to implement measures concerning the verification of rumors and the fulfillment of environment, social, and governance (ESG) assurance requirements.The associations – Associated Chambers of Commerce...
SEBI Issues Circular To Provide Facility To Remedy Erroneous Transfers In Demat Accounts
In a significant move aimed at enhancing investor protection and facilitating the swift reversal of erroneous transfers in demat accounts, the has issued a new circular, SEBI/HO/MIRSD/MIRSDPoD-1/P/CIR/2023/139, dated August 8, 2023. This circular introduces a streamlined mechanism for the exemption from One Time Password (OTP) requirements for the reversal of mistaken transfers.The...
SEBI Reduces IPO Listing Timeline To T+3 Days
In a significant move aimed at streamlining the Initial Public Offering (IPO) process and bolstering the ease of doing business in India's capital markets, the Securities and Exchange Board of India (SEBI) has announced a reduction in the timeline for listing shares on stock exchanges following the closure of IPOs.The regulatory body has cut the listing timeframe from the current T+6 (where...
'Publicity Litigation' : Supreme Court Refuses To Entertain Plea Against Opposition Parties Calling Their Alliance 'INDIA'
The Supreme Court on Friday refused to entertain a PIL seeking to stop 26 opposition political parties from using 'the acronym “I.N.D.I.A" (Indian National Democratic Inclusive Alliance) as name of their alliance for the campaigning and advertisements, in the upcoming 2024 general Lok Sabha elections.A Bench comprising Justices Sanjay Kishan Kaul and Sudhanshu Dhulia observed that the...
Supreme Court Collegium Reiterates Its Recommendation To Transfer Justice Sudhir Singh To Punjab & Haryana High Court
The Supreme Court Collegium today reiterated its recommendation dated 3.08.2023 to transfer Justice Sudhir Singh from Patna High Court to Punjab and Haryana High Court.The Collegium consisted of Chief Justice of India Dhananjaya Y Chandrachud, Justice Sanjay Kishan Kaul, Justice Sanjiv Khanna, Justice B R Gavai and Justice Surya Kant.On 3 August 2023, the Collegium had proposed the transfer...
Ministry of Communications Issues Indian Telegraph Right of Way (Amendment) Rules, 2023
The Department of Telecommunications, Ministry of Communications, has issued the Indian Telegraph Right of Way (Amendment) Rules, 2023, on 7th August, 2023.The Central Government issued the rules in exercise of the powers conferred by sub-section (1) and clause (e) of sub-section (2) of section 7 read with sections 10, 12 and 15 of the Indian Telegraph Act, 1885(13 of 1885), to further to...
Lok Sabha Passes Amendments to GST Bills, Levies 28% Tax on Online Gaming, Casinos, and Horse Race Clubs
The Lok Sabha has passed amendments to two Goods and Services Tax (GST) bills for levying 28 per cent tax on online gaming, casinos and horse race clubs during the monsoon session of Parliament.Union Finance Minister Nirmala Sitharaman introduced two bills, namely the Central Goods and Services Tax (Amendment) Bill, 2023, and The Integrated Goods and Services Tax (Amendment) Bill, 2023, in...
Supreme Court Grants Bail To Former Maharashtra Minister Nawab Malik On Medical Grounds For Two Months
The Supreme Court on Friday granted bail to former Maharashtra Minister and NCP MLA Nawab Malik on medical grounds in money laundering case for two months. The interim order was passed by a division bench of Justice Aniruddha Bose and Justice Bela M. Trivedi.Solicitor General Tushar Mehta appearing for the Enforcement Directorate did not object to grant of bail on medical grounds....
Plea Against Boycott Calls | Supreme Court Says Hate Speech Problem Must End; Moots Plan to Direct Police Chief to Form District-Level Committees
The Supreme Court on Friday permitted petitioners, who are seeking action against certain calls made for the social and economic boycott of Muslims, to approach the nodal police officers appointed in terms of the 2018 judgment dealing with mob violence crimes.During the hearing, expressing anguish at the unabated problem of hate speech, the Court orally said that the problem has to be solved...
Gyanvapi | Fresh Application Filed In Varanasi Court To Protect Hindu Signs/Symbols, Restrict Number Of 'Namaz Offerers'
A fresh application has been filed before the Court of District Judge, Varanasi to "seal and protect" certain areas of Gyanvapi Mosque premises where Hindu Signs and symbols exist so that "no damage can be done to the same by Anjuman Masjid Committee and Namaz offerers".The application also seeks a direction to concerned respondent authorities to make a regulation to restrict and regulate...