Reserve Bank of India Proposes New Draft Export & Import Regulations

The Reserve Bank of India (RBI) has unveiled new draft regulations for the process of export and import transactions under the Foreign Exchange Management Act (FEMA), 1999. These proposals are outlined in the 'Foreign Exchange Management (Export and Import of Goods and Services) Regulations, 2024.' Every exporter is mandated to submit a declaration specifying the full export...

MahaRERA Mandates Builders To Maintain Three Separate Bank Accounts For Every Project From July 1

Maharashtra Real Estate Regulatory Authority (MahaRERA) has mandated builders/developers to maintain three separate bank accounts for each project: the Collection Account, the Separate Account, and the Transaction Account, starting from July 1. This decision follows the release of a discussion paper on the maintenance and operation of bank accounts for registered projects,...

Bengaluru Court Remands Suraj Revanna To Judicial Custody Till July 18 In Alleged Sexual Abuse Case By Man

A city court in Bengaluru on Wednesday remanded Janata Dal (S) MLC Suraj Revanna, to judicial custody till July 18. Revanna has been arrested in connection with a case of alleged sexual abuse of a man and charged under sections Sections 377 (unnatural offences), 342 (illegal detention), 506 (criminal intimidation), and 34 (common intention) of the Indian Penal Code.The 42nd Additional...

Pune Porsche Accident | Father And Grandfather Of Minor Accused Granted Bail For Alleged Wrongful Confinment Of Driver

A Pune Court has granted bail to father and grandfather of the minor accused in the Pune Porsche car accident case in the case for allegedly pressurising their driver to take the blame for the accident and wrongfully confining him in their house.The two are booked under sections 342, 365, 368, 506 with 34 of IPC.“My clients have been granted bail by the Honourable court at Pune. They...

'Significant Step In Achieving Justice At Doorstep': Delhi High Court Acting CJ Manmohan On New Court Complex Stone Laying Foundation Ceremony

Delhi High Court's Acting Chief Justice, Justice Manmohan, on Tuesday said that the stone laying foundation ceremony of three new court complexes at Rohini, Shastri Park and Karkardooma is a significant step in achieving the “justice at doorstep” initiative.“I have no doubts that today's ceremony is a significant step forward in achieving the "Justice at Doorstep" initiative, which aims...

Kerala HC Launches “Kerala High Court Judgements-Daily” Platform To Make Certified Copies Of Reported Judgments Available Through WhatsApp Daily

The Kerala High Court launched the 'Kerala High Court Daily Judgments' (KHJ - Daily) platform to ensure that fully certified reported judgments are made accessible to all on a daily basis through WhatsApp. Chief Justice A J Desai unveiled the KHJ-Daily platform on July 27, 2024. Justice A Muhamed Mustaque, Editorial Committee members- Justice V G Arun, Justice C S Dias, Joseph Rajesh,...

Shocking To Know That Some High Court Judges Are Not Conducting Court On Time, Sitting In Second Half: Justice BR Gavai

Supreme Court judge Justice BR Gavai on Saturday, spoke at the National Judicial Academy Conference at Kolkata. Earlier Live Law had reported on Chief Justice of India Justice (Dr) DY Chadrachud's speech at the aforesaid conference, also attended by West Bengal Chief Minister Mamata Banerjee.The CJI had expressed that judges should not be considered deities, but realise their role to serve...

Bengaluru Court Extends Police Custody Of JD(S) Leader Suraj Revanna In Sexual Abuse Case By Man

A city court in Bengaluru on Monday extended the police custody of Janata Dal (S) MLC Suraj Revanna till July 3rd. Revanna has been arrested in connection with a case of alleged sexual abuse of a man.The 42nd Additional Chief Metropolitan Magistrate extended Revanna's custody by two days on an application filed by the Karnataka Police Criminal Investigation Department (CID). Notably, Revanna...

"Holders Of Public Office Ought To Be Held Accountable": Justice GR Swaminathan Releases Performance Report Upon Completing 7 Years As Judge

Justice GR Swaminathan of Madras High Court has released a performance report on completing seven years as a Judge. In his report, Justice Swaminathan says that all holders of public office including Judges ought to be held accountable and Judges also have to be judges based on their performance. Justice Swaminathan added that the parameters applicable to judges of the District...

SEBI Fines Rs 3.75 Crore On Former Kwality Ltd. Executives For Financial Misrepresentation

The Securities and Exchange Board of India (SEBI) has imposed a fine against former senior management of Kwality Ltd for their involvement in misstating financial figures between FY 2017 and FY 2019. SEBI has imposed fines totalling Rs 3.75 crore on Sanjay Dhingra, the former Chairman and Managing Director; Sidhant Gupta, former Executive Director and non-executive Director; and...

RBI Imposes Penalty For Rs 29.60 lakh On HSBC Bank For Non-Compliance With Card Operations Regulations

The Reserve Bank of India (RBI) recently announced the imposition of a monetary penalty amounting to Rs 29.60 lakh on HSBC Bank stating non-compliance with regulatory directives concerning credit card, debit card, and rupee denominated co-branded prepaid card operations. According to the RBI's statement released on June 28, HSBC Bank failed to adhere to specific directions outlined...

SEBI Bars Proprietor Of GN Traders for Illegal Investment Advisory Services

The Securities and Exchange Board of India (SEBI) has imposed issued an order against Kashif Siddique, the proprietor of GN Traders, for his involvement in illegal investment advisory services. SEBI has barred Siddique from operating in the securities market for two years and imposed a fine of Rs 11 lakh. Additionally, he has been directed to refund Rs 1.40 crore, which he collected as...