Experts raise questions on BTS footage ownership, discuss fair use, ET LegalWorld
Recently, Actor Dhanush has moved the Madras High Court against actor Nayanthara and her husband and film director Vignesh Sivan for using video clips shot during the making of the Tamil movie Naanum Rowdy Dhaan, produced by him, in a docudrama released by Netflix on the actor titled ‘Nayanthara: Beyond the fairytale.’ This was in […]
Sebi mulls diversifying ownership of clearing corporations, Legal News, ET LegalWorld
Markets regulator Sebi on Friday proposed diversifying and widening the ownership of the clearing corporations, which are at present wholly-owned subsidiaries of stock exchanges. Sebi rules prohibit clearing corporations (CCs) from listing publicly but allow stock exchanges (their parent entities) to list, indirectly exposing CCs to market pressures. “While looking to broad base and diversify […]
SC to pronounce judgment today on Jet Airways ownership, Legal News, ET LegalWorld
The Supreme Court is set to pronounce its judgment on Thursday on lenders’ plea challenging the transfer of ownership of grounded Jet Airways to Jalan Kalrock Consortium (JKC). According to the cause list published on the apex court’s website, a bench of CJI DY Chandrachud and Justices JB Pardiwala and Manoj Misra will pronounce the […]
PC Financial Services Fined ₹2,146 Crore for FEMA Violations Linked to Chinese Ownership, ET LegalWorld
Enforcement Directorate’s adjudicating authority has imposed a penalty of 2,146 crore on PC Financial Services Private Limited (PCFS), a non-banking financial company, running a loan app allegedly linked to Chinese and Norwegian entities for Foreign Exchange Management Act violations. This is the first such instance of an NBFC running a loan app being penalised with […]