SEBI Releases Norms For Sharing Real-Time Stock Price Data With Third Parties, Targets Fantasy Games And Virtual Trading Platforms

The Securities and Exchange Board of India (SEBI) has issued new regulations to control the sharing of real-time stock price data with third-party entities. The new guidelines are set to take effect from June 22, 2024. The SEBI observed that recent trends have shown an increase in the use of real-time stock price data by various online platforms. These platforms...

Bibhav Kumar Moves Delhi Court Seeking Bail In Swati Maliwal Assault Case

Chief Minister Arvind Kejriwal's aide Bhibhav Kumar has moved a Delhi Court seeking bail in the alleged Swati Maliwal assault case.The matter was mentioned yesterday by Kumar's counsels for urgent hearing after he was remanded to four days of judicial custody. The court has issued notice on Kumar's bail plea and sought a response from the Delhi Police. The matter will now be heard on...

SEBI Mandates Audio-Visual Disclosures For Public Issue Offer Documents

The Securities and Exchange Board of India (SEBI) has introduced audio-visual (AV) presentations of disclosures within public issue offer documents. According to a circular issued by SEBI on May 24, 2024, the AV presentations will cover salient disclosures outlined in the Draft Red Herring Prospectus (DRHP), Red Herring Prospectus (RHP), and Price Band Advertisement...

'Psychopathic Killers, Threat To Society': Kerala Court Awards Death Sentence To Three For Robbing And Murdering 71-Yr-Old Woman

A Kerala Court has convicted and sentenced a woman named Rafeeka and two men Al Ameen and Shafeek to death for murdering 71-year-old Santhakumari on January 14, 2022, for committing the robbery of her gold ornaments in Vizhinjam in Thiruvananthapuram District, Additional District and Sessions Judge, Neyyatinkara, A M Basheer found the accused guilty under Sections 120(B) (punishment for...

Swati Maliwal Assault Case: Delhi Court Remands Bhibhav Kumar To Four Days Of Judicial Custody

A Delhi Court on Friday remanded Chief Minister Arvind Kejriwal's aide Bhibhav Kumar to four days of judicial custody in the alleged Swati Maliwal assault case. Metropolitan Magistrate Gaurav Goyal of Tis Hazari Courts passed the order after Kumar was produced in court on the expiry of five days of police remand. Kumar will now be produced in court on May 28. The FIR was registered on the...

JM Financial And Six Others Settle With SEBI, Pay Over Rs 23 Lakh In Regulatory Violation Case

Seven entities, including JM Financial Ltd and six individuals, have collectively paid a settlement amount of a little over Rs 23 lakh to the Securities and Exchange Board of India (SEBI) to resolve a case concerning alleged violations of various regulations. According to SEBI's order dated May 21, 2024, JM Financial Ltd has paid Rs 15 lakh as a settlement fee, while six individuals...

High Court Launches Punjab & Haryana Series Of ILR Website

The Acting Chief Justice (ACJ) of Punjab & Haryana High Court Justice G.S. Sandhawalia today, has launched Punjab & Haryana version of Indian Law Reporter (ILR) website.ACJ Sandhawalia said that, "my prayer to bar is to enhance their legal knowledge." The judge further said that in the old times, he used to have an old torn register, which is now converted into a Word file as it is...

SEBI Introduces New Framework For Unaffected Price Determination And Market Rumour Verification

The Securities and Exchange Board of India (SEBI) has rolled out framework aimed at regulating the impact of market rumours on stock prices. This framework, announced on May 21, 2024, introduces stringent guidelines for calculating the unaffected price of transactions and mandates listed entities to verify market rumours when significant price movements occur. Framework for...

Companies Can Retain DVR Shares with Differential Voting & Dividend Rights Issued Before SEBI's Restrictive Circular: SEBI

The Securities and Exchange Board of India (SEBI) has clarified that companies can retain Differential Voting Rights (DVR) shares with their original differential voting and dividend rights, provided these shares were issued before SEBI's restrictive circular of July 2009. Jagatjit Industries Limited (JIL), a public limited company engaged in the production of alcoholic beverages,...

2.33 Million Hectares Of Tree Cover Lost Since 2000| NGT Takes Suo Moto Action, Seeks Response From Centre Govt

The principal bench of National Green Tribunal (NGT) has sought response from the Central Pollution Control Board (CPCB), Union Ministry of Environment, Forest and Climate Change (MoEFCC), the Survey of India (SOI) and the to a newspaper report stating "India lost 2.33 million hectares of tree cover since 2000".Chairperson Justice Prakash Shrivastava, Justice Arun Kumar Tyagi and Dr. A....

Chief Justice Of J&K High Court Administers Oath Of Office To Justice Wasim Sadiq Nargal

The Chief Justice of High Court of Jammu & Kashmir and Ladakh, Justice N Kotiswar Singh on Wednesday administered the oath of office to Justice Wasim Sadiq Nargal as Additional Judge of the High Court of Jammu & Kashmir and Ladakh, in the Chief Justice's Court Room.The oath taking ceremony was attended at Jammu by Justice Atul Sreedharan, Justice Rajesh Oswal, Justice Vinod...

Music Composer Ilaiyaraja Sends Legal Notice To Makers Of “Manjummel Boys” Movie Over Alleged Unauthorised Use Of Song From “Guna” Movie

Legendary music composer Ilaiyaraja has sent a legal notice to the producers of the Malayalam movie “Manjummel Boys” in connection with the alleged unauthorized and improper use of the song “Kanmani Anbodu Kadhalan” from the 1991 movie “Guna”. Ilaiyaraja, who composed the song, claimed that being the first owner of his original musical works, he holds absolute rights,...