Govt approves bill to ease aircraft leasing rules, reducing costs for airlines, ET LegalWorld
The government’s move to approve a new bill changing India’s aircraft leasing rules making it easier for lessors to repossess planes in case of default of lease rentals will bring down cost of leasing for airlines, airlines and leasing firms said. The Union cabinet last week approved the Protection and Enforcement of Interests in Aircraft […]
New bill proposes multiple nominees for bank Fixed Deposits to ease fund distribution after death, ET LegalWorld
A crushing experience in the trail of destruction left by Covid was the inability of family members to freely withdraw and distribute money by breaking the bank fixed deposits (FDs) after the death of the prime earner, who, in many cases, was the sole account holder. The bill to change the law allowing banks to […]
SC ruling on LMV licences to ease way for app cabs
The verdict was related to a case that can be traced back to 2017, when a division bench of the top court had ruled that drivers without a transport endorsement on their licence can ply commercial vehicles of up to 7,500 kg in unladen weight. This was challenged by insurance companies, which said the decision […]
RBI introduces new framework for FPI to FDI reclassification to enhance ease of business, ET LegalWorld
The Reserve Bank of India has finalised an operational framework for the reclassification of Foreign Portfolio Investment made by Foreign Portfolio Investors (FPI) to Foreign Direct Investment (FDI) under Foreign Exchange Management (Non-debt Instruments) Rules, 2019 in case of any breach of the investment limit by the FPIs concerned. The operational framework has been issued […]
Sebi mulls measures to facilitate ease of doing biz for ESG Rating Providers, ET LegalWorld
Markets regulator Sebi has proposed tweaking framework for ESG Rating Providers (ERPs), particularly for those using a subscriber-pays model, including an exemption from the requirement to disclose ESG ratings to stock exchanges. Additionally, the regulator has suggested that ERPs using a subscriber-pays model should share ESG (Environmental, Social, and Governance) rating reports with both subscribers […]
Sebi proposes measures to promote ease of doing biz for Small, Medium REITs, ET LegalWorld
To facilitate ease of doing business for Small and Medium REITs (SM REITs), markets regulator Sebi on Wednesday proposed standardising disclosures in scheme offer documents and simplifying public issue processes for such schemes. Additionally, the regulator proposed to align SM REIT (Real Estate Investment Trust) regulations with existing REIT norms. The proposals aim to simplify […]
Sebi proposes measures to promote ease of doing biz for Small, Medium REITs, ET LegalWorld
To facilitate ease of doing business for Small and Medium REITs (SM REITs), markets regulator Sebi on Wednesday proposed standardising disclosures in scheme offer documents and simplifying public issue processes for such schemes. Additionally, the regulator proposed to align SM REIT (Real Estate Investment Trust) regulations with existing REIT norms. The proposals aim to simplify […]
NCLAT junks plea of Liberty Shoes’s former CEO seeking ease of norms to sue firm, ET LegalWorld
Appellate tribunal NCLAT has dismissed the petition of Adesh Kumar Gupta, former CEO and Executive Director of Liberty Shoes, seeking an exemption from minimum shareholding norm to file a case of oppression and mismanagement against the company. Gupta has 5.83 per cent shareholding in Liberty Shoes. He was removed as an executive director of Liberty […]
Deal value threshold and safe harbour provisions provides ease in M&A activity, say legal experts, ET LegalWorld
The Ministry of Corporate Affairs has notified Competition (Minimum Value of Assets or Turnover) Rules, 2024 which has come into force with effect from the September 10, 2024. The Ministry of Corporate Affairs has notified Competition (Minimum Value of Assets or Turnover) Rules, 2024 which has come into force with effect from the September 10, […]
UPI Ease In Paying Traffic Fines, Legal News, ET LegalWorld
The process of paying challans for violation of road rules is set to become more efficient and streamlined, and as convenient as making payments while shopping online. The transport department is working on implementing a system where automated messages will be sent to violators’ mobile numbers via SMS and WhatsApp, along with details of the […]