Govt sends JPC queries to EC for inputs on cost, logistics & impact of simultaneous polls, ET LegalWorld
Can the country return to elections with ballot paper? What’s the cost-benefit of one-nation-one-election (ONOE)? How many phases will be required to hold nationwide simultaneous elections and what will be the effect of model code of conduct imposed for such polls on the economy, foreign direct investment and development? How does the expenditure on polls […]
Markets regulator SEBI sends notice to Ola Electric for violating disclosure norms, ET LegalWorld
Electric vehicle (EV) company Ola Electric Mobility Limited has received an administrative warning from the markets regulator, the Securities and Exchange Board of India (SEBI), for violating disclosure norms. The reason cited is that Ola Electric announced its e-scooter expansion plans first on social media instead of announcing it on the stock exchanges. In an […]
NCLAT sends Aakash’s AoA amendment case back to NCLT, Legal News, ET LegalWorld
The National Company Law Appellate Tribunal (NCLAT) has declined to lift the stay on the NCLT order, barring amendment of the Articles of Association of Aakash Educational Services, a subsidiary of the debt-ridden edtech major Byju. Disposing the petitions moved by Manipal Health Systems and Aakash Educational Services, the Chennai bench of the National Company […]
DGGI sends 300 notices to cos’ top brass over input tax credit, ET LegalWorld
The Directorate General of Goods and Services Tax Intelligence (DGGI) has sent out over 300 show-cause notices to promoters, directors and top management of companies. It has also sought to impose penalties, as high as 100%, for wrongfully availing input tax credit. These notices, sent to top management in the first week of August for […]