The seminar on ‘Independence of Judiciary – A Nationalist Perspective’ was conducted today by Global Jurists, at Delhi’s India International Centre. The seminar was attended by several eminent jurists including former Chief Justice of India TS Thakur, former Delhi High Court Judge Justice Kailash Gambhir, former Chief Justice of Punjab and Haryana High Court Justice Vijender Jain along with journalist HK Dua and renowned professor Dr. Mool Chand Sharma.

Asia’s first stock exchange, the Bombay Stock Exchange (BSE) has become the first stock exchange in India to have received recognition as a ‘Designated Offshore Securities Market’ (DOSM) from the United States Securities and Exchange Commission (SEC). Finsec Law Advisors acted as the sole counsel for BSE in securing the DOSM status and represented BSE before the SEC. The recognition is received under Rule 902 (b) of Regulation S under the U.S. Securities . . . Facebook Comment To read the entire article, get a premium account With a premium account you get: One year of unrestrcited access to previous […]

NLSIU 2005 graduate and former partner at AZB & Partners Aparna Mittal has started a gender advisory and advocacy organization called Samāna Centre for Gender, Policy and Law. Launched with a view to promoting gender mainstreaming in CSR and philanthropic activities, attaining the goal of gender equality at the workplace and across other fields, and taking up strategic legal and policy interventions in this area, Samāna offers an array of services. Speaking to Bar &amp . . . Facebook Comment To read the entire article, get a premium account With a premium account you get: One year of unrestrcited access […]

The Coordination Committee of All-District Court Bar Associations of Delhi has again called for a strike tomorrow i.e. May 11. As per the intimation by the Coordination Committee, the members are requested to reach the Supreme Court at 10 am where further decisions shall be taken. The committee yesterday, had called off the strike which

The Justice Rajesh Bindal Committee has come out with a comprehensive report touching upon the possible way forward for India in tackling issues of disputed inter-country parental child removal and retention. The Committee was tasked last year to examine, inter alia, whether India should accede to the International Convention on Civil Aspects of International Child Abduction, 1980 i.e. the Hague Convention. The Hague Convention was intended to address cases where children . . . Facebook Comment To read the entire article, get a premium account With a premium account you get: One year of unrestrcited access to previous interviews, columns and articles […]

The Vidhi Centre for Legal Policy has published a report on the status of physical infrastructure of the lower judiciary in Delhi and the National Capital Region (NCR). The report focuses on the extent to which litigants have physical access to the lower courts under study. In preparing the report, the litigant’s perspective was prioritized by asking three questions i.e. Can the litigant locate where he must go? Is the litigant able to access . . . Facebook Comment To read the entire article, get a premium account With a premium account you get: One year of unrestrcited access to […]

Taking cognizance of the crises in the judiciary, the Bar Association of India today passed a resolution for ensuring greater transparency in the judiciary and made certain recommendations. The resolution passed by Bar Association of India focuses on the following aspects: That the Justices of the Supreme Court should collectively establish an institutional structure for the judiciary’s internal governance. To create an environment of collegiality, the Judges are recommended to attend a . . . Facebook Comment To read the entire article, get a premium account With a premium account you get: One year of unrestrcited access to previous interviews, […]

The Delhi Bar Association has called for a strike today to protest against a decision of the Delhi High Court regarding redevelopment of Tis Hazari Courts. The executive committee of the Delhi Bar Association has alleged that the Building Management Committee of the Delhi High Court has taken an arbitrary decision by not granting transfer rights to the existing chamber allottees. It is also alleged that the Building Management Committee has only provided 2800 chambers instead of 4000 chambers as demanded . . . Facebook Comment To read the entire article, get a premium account With a premium account you […]

The National Company Law Appellate Tribunal (NCLAT) today stayed the Rs. 135 crore penalty imposed on Google by the Competition Commission of India (CCI) for indulging in unfair trade practices, subject to the deposit of 10% of the penalty amount. A bench of Chairman Justice SJ Mukhopadhaya and Justice Bansi Lal Bhatt passed the order in a plea by Google seeking a stay on the operation of the CCI order. Although the Bench did not grant a . . . Facebook Comment To read the entire article, get a premium account With a premium account you get: One year of […]

The Competition Commission of India (CCI) has found Eveready, Nippo, Panasonic Energy India Co. Ltd. (PECIN) and Association of Indian Dry Cell Manufacturers (AIDCM) guilty of cartelisation in the market for zinc-carbon dry cell batteries. The case was taken up by the CCI pursuant to an application filed by one of the companies, Panasonic Energy India Co. Ltd (PECIN), on the basis of which an investigation into the matter was carried out. In the order passed yesterday, the CCI found . . . Facebook Comment To read the entire article, get a premium account With a premium account you get: […]

The Securities and Exchange Board of India (SEBI) has recently passed an interim order finding two persons to be ‘connected’, for the purpose of insider trading, based on their status as Facebook friends. The interim order was passed by Whole Time Member Madhabi Puri Buch on April 16. The case pertains to insider trading in the shares of an oil & gas company, Deep Industries Limited (DIL). DIL was awarded three contracts for hiring of . . . Facebook Comment To read the entire article, get a premium account With a premium account you get: One year of unrestrcited access to previous […]

The Law Commission of India has concluded that the Board of Control for Cricket in India (BCCI) ought to be covered by the Right to Information Act, 2005 (RTI Act). The recommendation was made in the Law Commission’s 275th report on the Legal Framework of BCCI vis-à-vis  Right to Information Act. The report was prepared pursuant to the directions issued in 2016 in the case of BCCI . . . Facebook Comment To read the entire article, get a premium account With a premium account you get: One year of unrestrcited access to previous interviews, columns and articles One year access to […]

The National Company Law Tribunal, Kolkata Bench today approved the resolution plan submitted by Vedanta Ltd. for resolving one of the RBI 12, Electrosteel Steels. State Bank of India had initiated insolvency proceedings against Electrosteel Steels on July 21, 2017. While the 180-day deadline for Electrosteel was  around 16 January 2018, the resolution professional obtained a 90-day extension in December, 2017, pushing its deadline to around April 17, 2018. Electrosteel had reported to the Bombay Stock Exchange that it had received  four bids in total, which appears to be one of the highest number of bids received by any of the […]

The Bar Council of India today, announced that it would send a five-member team to probe the conduct of Jammu lawyers in relation to the Kathua rape case. The announcement was made by BCI President Manan Kumar Mishra, during the press conference held at the BCI office in New Delhi. The team shall be headed by a former High Court judge, Justice Tarun Agarwala and will have S Prabakaran and Rameshchandra . . . Facebook Comment To read the entire article, get a premium account With a premium account you get: One year of unrestrcited access to previous interviews, columns and articles […]

The list of winners of the Delhi Bar Council elections is out, with Advocate Ajayinder Sangwan taking pole position with more than one thousand votes. In the list of 25 lawyers who have been elected, Sangwan is followed by Advocates Murari Tiwari, Rajiv Khosla and Nitin Ahlawat. Tiwari and Ahlawat have, in the past, held the post of Honorary Secretary of the Delhi Bar Council. Former Chairman of the Delhi Bar Council KK Manan secured the tenth position, while Luthra and Luthra Senior Partner Vijay Kumar Sondhi finished at the twentieth position. Advocate Manoj Kumar Singh, Founding Partner of Singh and Associates, grabbed the twenty first position. Speaking […]

The 14-member Insolvency Law Reforms Committee, which was established in December, 2017 has come out with a 106-page report recommending amendments to the Insolvency and Bankruptcy Code, 2016 (IBC). The Committee was chaired by Ministry of Corporate Affairs (MCA) Chairman, Injeti Srinivas with members from the legal fraternity as well, including Shardul Shroff of Shardul Amarchand Mangaldas and Bahram Vakil of

The Central government is considering allowing the entry of Foreign Law Firms in India on a reciprocity basis, the answer to a Parliamentary Question in the Lok Sabha reveals. BSP MP Harinarayan Rajbhar yesterday asked the Law Ministry whether the government proposes to allow Foreign Law Firms to operate in India to operate on a reciprocity basis. In response, Minister of State for Law and Justice PP Chaudhary stated, “The matter regarding entry of foreign . . . Facebook Comment To read the entire article, get a premium account With a premium account you get: One year of unrestrcited access […]

The Delhi High Court yesterday took suo motu cognizance of certain tweets by Chartered Accountant and political commentator S Gurumurthy relating to the decision of the Court to grant interim relief to Karti Chidambaram. The Division Bench of Justices S Muralidhar and IS Mehta, on March 9, had restrained the ED from taking any coercive steps against . . . Facebook Comment To read the entire article, get a premium account With a premium account you get: One year of unrestrcited access to previous interviews, columns and articles One year access to all archival material Access to all Bar & Bench […]

In a bid to prevent fraudsters from seeking safe haven overseas, the Union Cabinet today approved the Fugitive Economic Offenders Bill, 2018. The Bill, which assumes significance in light of the Nirav Modi PNB fraud, aims to prevent economic offenders from evading the . . . Facebook Comment To read the entire article, get a premium account With a premium account you get: One year of unrestrcited access to previous interviews, columns and articles One year access to all archival material Access to all Bar & Bench reports Register Already a subscriber ? Login

The Delhi High Court has passed an administrative order designating special courts to deal with cases against Members of Parliament and Members of Legislative Assemblies. Special CBI Judge Arvind Kumar and Additional Chief Metropolitan Magistrate Samar Vishal, have been designated to handle the said cases. The said courts will be made functional at the Patiala House Courts from March 1. The order reads, “Hon’ble the Acting . . . Facebook Comment To read the entire article, get a premium account With a premium account you get: One year of unrestrcited access to previous interviews, columns and articles One year access to […]

A Supreme Court bench of Justices Kurian Joseph and R. Banumathi has in its recent ruling upheld high standards of market integrity by (partly) allowing an appeal filed by the Securities and Exchange Board of India (SEBI), in a case relating to synchronized trading. The trades pertain to NIFTY options in the Futures and Options (F&O) segment. “Section 12A of the SEBI Act, 1992 read with Regulations 3 and 4 of the PFUTP Regulations, 2003 are essentially intended to preserve ‘market integrity’ and to prevent ‘market abuse’”, said the Supreme Court in its 90-page judgment. While Regulation 3 of the […]

The Bar Association of India flagged off its much-awaited legal conclave, The Rule of Law Convention 2018 on Judicial Reforms on Friday at New Delhi’s India Habitat Centre. The convention, which seeks to reinstate the people’s faith in the rule of law, was inaugurated by the President of the Bar Association of India Dr. Lalit Bhasin, along with the members of the Executive . . . Facebook Comment To read the entire article, get a premium account With a premium account you get: One year of unrestrcited access to previous interviews, columns and articles One year access to all archival material Access to all […]

The Delhi High Court has issued an advisory to all the judicial officers dealing with criminal matters, directing them to record the evidence themselves and not delegate the responsibility to their clerks. Acting Chief Justice Gita Mittal issued the advisory on the recommendation of the Rules Committee under Section 477 of the CrPC and all other Criminal Statutes and Jurisdictions. The issue had come to light during the hearing of a suo moto writ petition

The Securities Appellate Tribunal (SAT) has, while upholding two orders,  reversed a third order passed by the Insurance Regulatory and Development Authority of India (IRDAI) in the case of Sahara India Life Insurance Corporation Limited (Sahara). Sahara, the appellant before SAT, has been under the IRDA’s scanner ever since the then CEO, Subrata Roy, was detained by the Supreme Court in 2014 for failing to comply with Court’s orders. Prelude IRDAI . . . Facebook Comment To read the entire article, get a premium account With a premium account you get: One year of unrestrcited access to previous interviews, columns […]

The Securities and Exchange Board of India (SEBI) has barred global accountancy firm PwC and its network entities from issuing audit certificates to any listed company in India for two years. However, SEBI noted that this order would not impact audit assignments relating to the financial year 2017-18 undertaken by the firms forming part of the PwC network. The regulator has also asked PwC to pay Rs 13.09 crore, along with interest at 12% per annum from January 2009 (approximately Rs 14 crore) for wrongful gains. Two former PW partners, S Gopalakrishnan and Srinivas Talluri, have also been barred from issuing […]

The Rohini Court Bar Association has called for a one day strike on January 11 to protest against the assault of a lady lawyer in court premises on Tuesday afternoon. It is understood that the opposing parties in a custody battle entered into an altercation outside the courtroom. When the woman lawyer, who was representing one of the parties, tried to intervene and stop the squabble, she was assaulted by the other side, according to sources. The 46-year . . . Facebook Comment To read the entire article, get a premium account With a premium account you get: One year […]

The Union Cabinet has liberalised the foreign direct investment (FDI) policy. Some of the key amendments are as follows: Single-Brand Retail Trading 100% FDI in single-brand retail trading (SBRT) via the automatic route is now permitted. Sourcing requirements have been liberalised as follows: after the SBRT entity opens its first store in India, it has the option to set-off its “incremental sourcing” of goods from India for global operations, against the mandatory requirement to source 30% of purchases from India. This option is available for the initial 5 years of the SBRT entity; incremental sourcing means the increase in value […]

After having cleared both houses of the Parliament, the Companies (Amendment) Bill, 2017 has now received the assent of the President to become the Companies (Amendment) Act, 2017 (Amendment Act). This is the second round of amendments made to the Companies Act, 2013, with the first one being made in 2015. The Amendment Act, now with over 40 revisions, was first introduced in 2016 and was then referred to the Standing Committee on Finance. After taking into consideration the recommendations of the panel, the Cabinet had cleared a revised bill in March this year. The Amendment Act broadly seeks to strengthen corporate […]

Four months after a 3:2 majority of the Supreme Court deemed it unconstitutional, Parliament has begun deliberations on the passing of a Bill that seeks to outlaw instant Triple Talaq. Today, The Muslim Women (Protection of Rights on Marriage) Bill, 2017, which had earlier received of the Union Cabinet, is being discussed in the Lok Sabha. Law Minister Ravishankar Prasad called the bill ‘historic’ as he presented the bill. https://twitter.com . . . Facebook Comment To read the entire article, get a premium account With a premium account you get: One year of unrestrcited access to previous interviews, columns and […]