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,...

Pune Porsche Car Accident Case | JJB Remands Minor Accused To Observation Home Till June 5

The Juvenile Justice Board, Pune today cancelled the bail granted to the teenager accused of driving the Porsche car involved in a collision which caused deaths of two persons, and remanded him to an observation home till June 5, 2024, PTI reported.The JJB had granted bail to the minor driver on Sunday. The bail conditions required him to visit the Regional Transport Office, study traffic...

SEBI Introduces Changes to Market Capitalisation Computation and Rumour Verification Regulations

The Securities and Exchange Board of India (SEBI) has announced significant modifications to its Listing Obligations and Disclosure Requirements (LODR) regulations, affecting how market capitalisation of listed companies is computed and introducing new protocols for market rumour verification. Revised Market Capitalisation Computation Method SEBI has shifted from a single-day...

SEBI Issues Show Cause Notices to Seven Adani Group Companies for Regulatory Violations In Fiscal Year 2024

In the fiscal year 2024, seven out of the ten listed companies of the Adani Group were issued show cause notices by the Securities and Exchange Board of India (SEBI). These notices, which were issued during the fourth quarter stated violations including non-compliance with listing agreements and related party transaction norms. Despite these allegations, the companies reported that...

SEBI Issues Comprehensive Master Circular For ESG Rating Providers

The Securities and Exchange Board of India (SEBI) has released a Master Circular specifically aimed at Environmental, Social, and Governance (ESG) Rating Providers (ERPs). This circular, announced on July 12, 2023, consolidates existing guidelines and regulations under the Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999 (CRA...

SEBI Amends Buy-Back Regulations To Exclude Material Price Movements

The Securities and Exchange Board of India (SEBI) has introduced amendments to the SEBI (Buy-Back of Securities) Regulations, 2018, via the SEBI (Buy-Back of Securities) (Amendment) Regulations, 2024. These changes, effective from May 17, 2024, focus on excluding the impact of material price movements and confirmed events when determining the volume-weighted average market price...

Kerala Court Directs Patanjali Ayurved's Baba Ramdev And Managing Director To Appear Before It In Misleading Advertisements Case

A Kerala Court has directed Patanjali Ayurved Co-founder Baba Ramdev and its Managing Director Acharya Balkrishna to appear before it on June 03, 2024 in a case of publishing misleading advertisements in English and Malayalam newspapers.The order was issued by Judicial First-Class Magistrate Court in Kozhikode. The Drugs Inspector, Office of the Assistant Drugs Controller, Kozhikode filed...

Kerala High Court Judge Writes To Advocates' Association Seeking Recommendations For Expeditious Disposal Of Pending Cases

Kerala High Court judge Justice Devan Ramachandran, being the Chairperson of the 'Arears Committee' and 'Committee For Making Recommendations For Expeditious Disposal Of Cases Pending In High Court', has sought recommendations from the Kerala High Court Advocates Association (KHCAA) to expedite the disposal of pending cases.Justice Ramachandran sought the support and cooperation of the Bar...

Pune Porsche Car Accident | Owner, Manager Of Hotel That Allegedly Served Alcohol To Minor Accused Remanded To Police Custody

A Pune court on Tuesday sent three persons accused in the Porche car accident case, which caused deaths of two persons, to police custody until May 24, 2024. The arrested individuals are Prahlad Bhutada, owner of Cosie hotel, Sachin Katkar, bar counter manager at Cosie, and Sandeep Sangle, manager of Blak club. They are accused of serving alcohol to the juvenile who was allegedly driving the...

IDFC First Bank Shareholders And Debenture Holders Approve Merger Proposal At NCLT Meeting

IDFC First Bank has announced that its shareholders and non-convertible debenture (NCD) holders have approved the merger proposal with its parent company, IDFC Limited. This development came during a meeting convened by the National Company Law Tribunal (NCLT) on May 17, 2024. The proposal, formally known as the composite scheme of amalgamation, was presented to the...

TikTok and ByteDance Sue U.S. Government Over Law Mandating Divestiture or Ban

TikTok and its parent company, ByteDance, have initiated legal proceedings against the U.S. government in response to new legislation mandating ByteDance to divest its ownership of the social media platform or face a ban within the United States. The suit, filed on Tuesday in the U.S. Court of Appeals for the District of Columbia Circuit, claims the legislation violates the First...

Bar Council Of Punjab & Haryana Issues Show Cause Notice To Chandigarh Lawyer Arrested For Posing As Judicial Officer To Flout Traffic Rules

The Bar Council of Punjab & Haryana has issued a show cause notice to a lawyer who was arrested for allegedly posing as a judicial officer and flouting traffic rules in Chandigarh. In a viral video, Prakash Singh, an advocate by profession, was seen arguing with the traffic police after he was stopped for hanging a cloth on his number plate. He claimed that he was a Judicial Magistrate...