Delhi HC issues notice on plea for tree transplantation in SC expansion project, ET LegalWorld
The Delhi High Court has issued a notice in response to an Intervention Application (IA) seeking permission for the transplantation of 26 trees within the Supreme Court premises. The trees are part of the ongoing project aimed at expanding the Supreme Court building to create additional courtrooms, including a constitutional court, as well as new […]
SC refers key issues on writ jurisdiction under MSMED Act to larger bench, ET LegalWorld
The Supreme Court on Wednesday referred critical questions over the maintainability of writ petitions in high courts against the orders passed by the Micro and Small Enterprises Facilitation Council (MSEFC) to a five-judge Constitution bench. A bench comprising Chief Justice Sanjiv Khanna and Justices Sanjay Kumar and Manmohan was dealing with a case filed by […]
SC issues notice to Centre on PIL over rising cyber crimes, spam calls, ET LegalWorld
The Supreme Court on Wednesday sought a response from the Centre on a PIL alleging an “enormous rise” in cyber crimes and “nuisance” of unsolicited calls in the country. Observing government agencies were doing their bit, a bench comprising Chief Justice of India Sanjiv Khanna and Justice Sanjay Kumar issued a notice to the Department […]
Sebi issues warning to J&K Bank for delayed disclosure of MD appointment, ET LegalWorld
Capital markets regulator Sebi has issued an administrative warning letter to J&K Bank for regulatory non-compliance with regard to disclosure of appointment of its MD & CEO. The disclosure was made on December 25, 2024 at 4:53 PM with a delay of 1 hour 40 minutes beyond the stipulated timeline of 24 hours from the […]
Fintechs see a minefield of costs, regulatory issues as DPDP looms, ET LegalWorld
The proposed data protection laws released by the government earlier this month has left startups with a host of concerns, including lack of clarity on the role of fintech intermediaries and possible challenges around cross-selling of products to customers. Industry executives pointed out that a window of 48 hours for any platform to erase an […]
Delhi HC issues notice on plea seeking enhanced regulations for cryptocurrency, ET LegalWorld
The Delhi High Court has agreed to examine a plea seeking enhanced regulations for cryptocurrency or virtual digital assets (VDA). The plea highlighted the plight of BitBNS users, who have been unable to withdraw their funds from their wallets since February 2022 due to a “cyberattack”. Issuing notice, a bench of Justice Sachin Datta sought […]
SC issues advisory against phishing attack impersonating official website, ET LegalWorld
The Supreme Court on Thursday issued a public notice against a phishing attack after several fake websites impersonating the official website of the top court were created and hosted on the Internet. The notice said that the attackers were soliciting personal details and other confidential information. It advised the public to not share and divulge […]
Sebi issues guideline for research analysts, investment advisers, ET LegalWorld
Markets regulator Sebi on Wednesday said it has issued guidelines on the regulatory framework for research analysts and investment advisers to bolster investor protection and ensure transparency. These guidelines came after the regulator notified the research analyst (RA) rules and investment adviser (IA) norms in December last year. The new norms encompass qualification standards, fee […]
NCLAT excludes 588 days in CIRP due to IRP’s health issues, ET LegalWorld
The National Company Law Appellate Tribunal (NCLAT) excluded the entire period of the Corporate Insolvency Resolution Process (CIRP) i.e., 588 days on account of the ill health of Interim Resolution Professional and he started writing from May 2024 to the Financial Creditor he is unable to discharge his function. “We find substance in the submission […]
Sebi issues warning to JM Financial over regulatory non-compliance, ET LegalWorld
Capital markets regulator Securities and Exchange Board of India (Sebi) has issued an administrative warning to JM Financial for regulatory non-compliance. Sebi issued a letter on January 2, JM Financial said in a regulatory filing. “Issuance of administrative warning to the company in relation to the initial public offering of equity shares by one of […]