Legally Bharat

SEBI clarifies shareholding transfer rules for investment advisers and analysts, ET LegalWorld

Highlights The Securities and Exchange Board of India has clarified that transfers of shareholding among immediate relatives will not constitute a change in control, aiding operational continuity for investment advisers, research analysts, and KYC registration agencies. For proprietary firms, the transfer of business or capital via transmission is considered a change in control, necessitating a […]

Sessions Court Rules in Favor of PNB, Halts Fraudulent Fund Transfer, ET LegalWorld

A city sessions court overturned a magistrate’s order to Punjab National Bank’s (PNB’s) Ernakulam branch in Kerala regarding the transfer of Rs 7.70 lakh from a cyber fraud account to Yamini Porval, a resident of Satellite area here. She was defrauded of Rs 26.96 lakh allegedly by cybercrooks. PNB contested the magistrate’s order as the […]

Jagan moves NCLT to cancel transfer of shares to sister Sharmila, ET LegalWorld

The rift in the YSR family deepened with former chief minister and YSR Congress party President Y. S. Jagan Mohan Reddy filing a petition in NCLT, seeking an order to annul the transfer of shares in Saraswati Power and Industries Private Limited to his sister Y. S. Sharmila and mother Y. S. Vijayamma. Jagan and […]