SEBI Imposes Rs 35 Lakh Penalty On PTC India Financial Services Officials For Corporate Governance Lapses

The Securities and Exchange Board of India (SEBI) has recently action against senior officials of PTC India Financial Services (PFS) due to severe lapses in corporate governance. SEBI imposed fines totaling Rs 35 lakh on Rajib Kumar Mishra and Pawan Singh, who were the company's director and former managing director respectively. Mishra faces a penalty of Rs 10 lakh, while Singh...

SEBI Bans CNBC Awaaz's Former Anchor Pradeep Pandya And Others For Five Years Over Fraudulent Trading Practices

The Securities and Exchange Board of India (SEBI) has banned Pradeep Pandya, a former news anchor renowned for his stock market shows, along with seven other entities, for a period of five years. This decision came in response to findings of fraudulent trading practices and breaches of ethical standards within the industry. The regulatory measures were prompted by an investigation...

SEBI Bars SecUR Credentials And Rahul Belwalkar From Securities Market Amidst Allegations Of Fund Mismanagement

The Securities and Exchange Board of India (SEBI) recently issued an interim order against SecUR Credentials and its Managing Director, Rahul Belwalkar which stem from alleged violations of securities market regulations. SecUR Credentials, originally listed on NSE Emerge and subsequently migrated to the mainboard of both National Stock Exchange and Bombay Stock Exchange in...

Delhi Court Seeks Response Of Jail Authorities On Arvind Kejriwal's Plea To Let Wife Sunita Attend His Medical Examination Virtually

A Delhi Court on Friday sought response from the jail authorities on a plea moved by Chief Minister Arvind Kejriwal to allow his wife to join proceedings through virtual mode when he is examined by the medical board.Vacation judge Mukesh Kumar of Rouse Avenue Courts listed Kejriwal's application for hearing tomorrow.“Before passing any order, I deem it appropriate to call for reply from...

'Judgments Of Retired Judges Not To Be Uploaded 3 Days After Their Retirement' : Kerala High Court Chief Justice Issues Guidelines

Chief Justice A J Desai of the Kerala High Court has issued guidelines to be followed by judges regarding the signing and uploading of orders/judgments and the use of Chambers and Staff on their Retirement/Transfer/Elevation.Use of ChambersJudges are refrained from using chambers after the date of retirement. It is also stated that staff of the judge shall hand over all case records to...

Bengaluru Court Issues Non-Bailable Warrant Against Former CM BS Yediyurappa In POCSO Case

A court in Bengaluru on Thursday issued a non-bailable warrant against former Chief Minister B S Yediyurappa in connection with a POCSO case registered against him.The warrant was issued based on the application filed by CID which is probing the case registered under section 8 of the POCSO Act read with section 354 (A) of the Indian Penal Code. Special Public Prosecutor Ashok Naik argued...

Working Hours Of Caretakers Under Social Justice Dept To Be Limited To 8 Hours A Day, 48 Hrs In A Week: Kerala Administrative Tribunal

The Kerala Administrative Tribunal, Thiruvananthapuram declared that compelling Ayahs (caretakers) to work for 24 hours a day and 6 days in a week without break is arbitrary and violative of Constitutional rights.The Bench consisting Justice P V Asha (Judicial Member) and Justice Pradeeep Kumar (Administrative Member) observed that Management cannot deny just and humane working conditions to...

Disinformation Has Serious Impact On Rule Of Law, Emerging To Be Most Severe Global Risk : Justice K V Viswanathan

Justice, K V Viswanathan (Judge, Supreme Court of India) spoke about the 'Emerging Areas That Impact Law And The Legal System' in Justice T S Krishnamoorthy Iyer Memorial Oration held at the Kerala High Court today.One of the major emerging legal areas that was discussed was Disinformation. Justice Viswanathan said that digital media has its advantages and disadvantages. He stated that...

Pune Porsche Car Accident Case: JJB Extends Remand Of Minor Accused To Observation Home Till June 25

The Juvenile Justice Board, Pune today extended the remand of teen accused of driving the Porsche car involved in a collision which caused deaths of two engineers to observation home till June 12, 2024.Advocate Prashant Patil for the minor accused told Live Law that the minor has been directed to undergo psychological assessment till June 25.The incident occurred on May 19, 2024, when...

Government Of Telangana Establishes Real Estate Appellate Tribunal

The Government of Telangana established the Real Estate Appellate Tribunal (REAT) seven years after the Real Estate (Regulation and Development) Act, 2016, came into force on May 1, 2017. The Telangana Government appointed Justice A. Rajasheker Reddy (retd) as chairperson, Pradeep Kumar Reddy Palle as judicial member, and Chitra Ramchandran as technical and administrative member of...

Karnataka Govt Notifies Karnataka Prohibition Of Violence Against Advocates Act 2023

Karnataka's State Law and Parliamentary Affairs Minister HK Patil has moved the Karnataka Prohibition Of Violence Against Advocates Bill, 2023 which was passed in December 2023. It received the assent of the Governor on the 20th March, 2024.The statement and object of the Bill state that “Advocate in due discharge of their professional duties also face the threat of malicious and...

Parties Approaching Judges Becoming Regular Practice In NCLAT: Judicial Member Of Chennai Bench Recuses From Hearing Case

Justice Sharad Kumar Sharma, Judicial Member of the National Company Law Tribunal at Chennai recently recused from hearing a case after the parties to the case approached him for favorable orders. Justice Sharma thus directed the Registry to place the matter before the Chairperson for nominating another bench in which he was not a part. “List before another Bench of which one of...