Re Upped Round Up June 18

Retrospective tax changes face legal challenge, Rajat Gupta convicted of insider trading by a US Court, Madras HC imposes Rs 20,000 cost on the Tamil Nadu Electricity Board for delaying the filing of a counter affidavit, French envoy row: MEA consulting legal experts and much much more….Retrospective tax changes face legal challenge.Kolkata-based McLeod Russel (India) Ltd—the world’s largest tea plantation company moved the Calcutta High Court last month challenging the “constitutional validity” of the amendments announced in the national budget in March that allow India to retrospectively levy tax on overseas sales of Indian businesses..Rajat Gupta convicted of insider trading.Rajat Gupta, 63 has been convicted of insider trading by a US court on charges of breach of fiduciary duties and for passing on inside information to Raj Rajaratnam, billionaire founder of the Galleon Group hedge fund, who is already serving an 11-year prison sentence after being convicted for securities fraud..Prosecutor Preet Bharara in His Own Words: Battling ‘a Creeping Culture of Corruption’.Preet Bharara, the U.S. Attorney for the Southern District of New York who has been making high profile busts on Wall Street talks about his journey and experiences with law, corruption, insider trading and the wall street..TNEB rapped for affidavit delay.The Madras High Court imposed Rs 20,000 cost on the Tamil Nadu Electricity Board for delaying the filing of a counter affidavit in a PIL seeking direction to the board to rectify and replace unsafe and damaged electricity connection boxes and poles along city roads..31-yr-old CBI matter: Court finds case, to frame charges.A Delhi court has decided to frame charges against an oil ministry official and one another, over 31 years after they were booked by the CBI along with five others in a case involving leakage of official secrets from the ministry. Out of these seven accused, four have died and one has pleaded guilty. .French envoy row: MEA consulting legal experts.Expert legal advice is being sought by the ministry of external affairs in the case of the French Diplomat Pascal Mazurier accused of raping his three and a half year daughter in Bangalore..Panchayati Raj: Empowerment through the 73rd amendment.S Viswanathan scrutinizes the twenty years of the empowered panchayati raj institutions through the 73rd amendment and the further effects on dalit liberation..Jail for cricket financier: The lessons India can learn.The Allen Stanford case presents lessons to be learnt for India regarding the violators of law and cleansed sport, especially with regard to the recent financial irregularities in the IPL..A law that enables.The Hindu Editor analyses the disability laws in India applauding the suggestions of the National Advisory Council to strengthen the draft law on the rights of persons with disabilities.