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...

Rajya Sabha MP P Wilson Writes To Union Law Minister Arjun Ram Meghwal To Stop Implementation Of New Criminal Laws

Senior Advocate and Rajya Sabha MP P Wilson has written to Union Law and Justice Minister Arjun Ram Meghwal to stop the implementation of Bharatiya Nagarik Suraksha Sanhita, Bharatiya Nyaya Sanhita, and Bharatiya Sakshya Adhiniyam until extensive consultation is undertaken with all stakeholders and to reconsider the necessity of enacting the new criminal laws. Wilson said...

SEBI Imposes Two-Year Market Ban On 4W Wealth Management And Directors, Orders Refund Of Rs12.83 Crore For Illegal Investment Advisory Services

The Securities and Exchange Board of India (SEBI) has ordered a two-year market ban against 4W Wealth Management Pvt Ltd, along with the firm's directors, Bhavesh P Bhensdadia, Rinkalkumar Mohanbhai Chopda, Vivek Laxmanbhai Patel, Nileshbhai Chandubhai Patel, and Parth Kanubhai Patel. The order also involved a mandate to refund Rs12.83 crore collected as fees from investors, due to...

NEET-UG Malpractices Case | Gujarat Court Remands 4 Accused To 4-Day CBI Custody

Today, a special CBI court in Gujarat's Godhra District remanded four accused to four days of Central Bureau of Investigation (CBI) custody in connection with malpractices at NEET-UG held at Jalaram School in Godhra's Parvadi village. The people sent to CBI's custody by Principal District Judge of Panchmahal, C K Chauhan are Jay Jalaram School's principal, Purushottam...

Role Of Judges Is To Serve People, Not Be Revered As 'Deities' In The 'Temple Of Justice': CJI DY Chandrachud

Chief Justice of India (CJI) DY Chandrachud, during the inaugural session of the two-day East Zone II Regional Conference of the National Judicial Academy in Kolkata, emphasized the dangers of equating judges with gods. He stressed that the role of judges is to serve public interest, not to be revered as deities.CJI Chandrachud expressed his discomfort with the notion of the court as a "temple...

SEBI Approves Norms To Regulate 'Finfluencers' Amid Rising Concerns

The Securities and Exchange Board of India (SEBI) has approved norms for regulating unregistered financial influencers, commonly referred to as 'finfluencers.' This decision comes amid growing concerns over the potential risks associated with these influencers, who often provide financial advice and recommendations without proper regulation. In a recent board meeting, SEBI approved a...

Level-Playing Field Opens Up Legal Profession To Those Without Connects: CJI DY Chandrachud At 200-Yr Celebrations Of Calcutta HC Bar Library Club

Chief Justice of India Justice (Dr) DY Chandrachud on Friday, spoke at the bicentenary celebrations of the Bar Library Club of Calcutta High Court. Flanked by Supreme Court Judges, Justices BR Gavai and Dipankar Datta, the CJI spoke as a part of a panel also comprising Chief Justice of the Calcutta High Court TS Sivagnanam.CJI Chandrachud began his speech by acknowledging the contribution...

Infosys CEO Salil Parekh Settles Insider Trading Charges with SEBI, Pays Rs 25 Lakh for Inadequate Controls

Infosys' CEO Salil Parekh has settled charges of violating provisions of insider trading. IT services giant Infosys' CEO Salil Parekh has agreed to pay Rs 25 lakh for failing to have adequate controls to prevent insider trading. SEBI's investigation revealed that certain information classified as Unpublished Price Sensitive Information (UPSI) were not appropriately handled by...

Karnataka CID Files Chargesheet Against Former CM BS Yediyurappa In POCSO Case

The Karnataka CID on Thursday filed a chargesheet against former Chief Minister B Y Yediyurappa in connection with a POCSO case registered against him.Special Public Prosecutor Ashok Naik said the chargesheet had been filed before the Special POCSO court. The chargesheet is filed under provisions of POCSO and the Indian Penal Code against four accused including Yediyurappa. As per the...

CBIC Clarification On Amount Of Premium For Taxable Life Insurance Policies Is Not Included In Taxable Value

The Central Board of Indirect Taxes and Customs (CBIC) has issued the clarification on the requirement of reversal of input tax credit in respect of the portion of the premium for life insurance policies which is not included in taxable value.The Board has received the representations from the trade and field formations seeking clarification on the issue as to whether the amount of...

CBIC Issues Clarification On Availability Of ITC On Ducts And Manholes Used In Network Of OFCs

The Central Board of Indirect Taxes and Customs (CBIC) has issued a clarification on availability of input tax credit on ducts and manholes used in network of optical fiber cables (OFCs) in terms of section 17(5) of the CGST Act, 2017.The board has received representations from Cellular Operators Association of India (COAI) submitting that input tax credit (ITC) is being denied by some...

CBIC Clarification On Taxability Of Salvage Wreck Value In Claim Assessment Of Motor Vehicles

The Central Board of Indirect Taxes and Customs (CBIC) has clarified on the taxability of salvage/wreck value earmarked in claim assessment of damage caused to motor vehicles.The Board has received the representations from the trade and field formations seeking clarification as to whether in case of motor vehicle insurance, GST is payable by the insurance company on salvage/ wreckage...