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SEBI proposes introduction of concept of “Accredited Investors” in Indian securities market

Admin 27-Feb-2021

The SEBI has issued consultation paper on introduction of concept of “Accredited Investors” (‘AI’) in Indian securities market. The paper proposes that resident Individuals, HUFs and Fam...

Uber drivers are employees, not independent Contractors of ride-hailing company: UK Apex Court

Admin 22-Feb-2021

The Apex Court of U.K had ruled that Uber has to consider its drivers as "workers" from the time they log on to the app, until they log off. With the advent of decision of À Court, all the drivers wo...

Ministry of Home Affairs issues FCRA Charter for Bank for smooth transitioning to new FCRA regime

Admin 08-Feb-2021

Ministry of Home Affairs has issued FCRA Charter for Banks wherein, the Ministry has advised banks to go through all the provisions of the amended FCRA 2010 as well as amended FCRR, 2011. Variou...

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Pre-Pack: New Stress Resolution Tool in India

Admin 10-Feb-2021

Over the past decade Indian Jurisdictions has been experimenting with new stress resolution tools. The Indian business eco-system has witnessed numerous initiatives taken by Reserve Bank of India in t...

Reading a section vis-à-vis Understanding a decision

Admin 25-Jan-2021

Now and again when you experience a choice made by a legal authority clearly, subsequent to appreciating and clarifying the subtleties of misleadingly comparative arrangements, You, as an expert, get ...

SEBI extends facility to conduct meetings of unit holders of REITs and InVITs via VC/OAVM

Admin 01-Mar-2021

CIRCULAR NO. SEBI/HO/DDHS/DDHS/CIR/P/2021/21 The market regular, SEBI has decided to extend the facility to conduct meetings of unit holders, through VC or OAVM for REITs/InvITs. Accordingly, Ann...

Govt. specifies 50 lakh registered users in India as threshold for reckoning ‘Significant Social Media Intermediary’

Admin 01-Mar-2021

NOTIFICATION NO [F. NO. 16(4)/2020-CLES] The Central Government has specified fifty lakh registered users in India as the threshold for a social media intermediary to be considered a signifi...

IRDAI asks Insurers to take conscious call on declaring dividend for F.Y 2020-21

Admin 27-Feb-2021

CIRCULAR NO. IRDA/F&A/CIR/MISC/032/02/2021The IRDAI has observed that insurers' performance in terms of business is gradually reviving. Therefore, it has been decided to withdraw the circular on d...

IRDAI issues norms for periodical notifications on health policies to policyholders by insurance Cos

Admin 03-Mar-2021

CIRCULAR NO. IRDAI/HLT/REG/CIR/038/03/2021The IRDAI has issued rules for sending periodic notices to policyholders to ensure continuity of relations with policyholders and the flow of information in a...

Apex Court sets aside order of NCLAT on ground of violation of principles of natural justice

Admin 03-Mar-2021

Surender Kumar Gupta v. J.M. Housing Ltd. - [2021] (SC) In the present case, a petition was filed by the appellants under sections 241 and 242 of Companies Act, 2013 complaining of oppressio...

CIRP admitted against corporate debtor as financial creditor successfully established that default was above 1 Cr

Admin 01-Mar-2021

Alchemist Asset Reconstruction Company Ltd. v. Associated Lightning System (P.) Ltd. - [2021] (NCLT - New Delhi) In the instant case, the Corporate debtor defaulted in repayment of credit fa...

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