The government has amended certain rules governing mergers under the companies law and amalgamations involving a foreign holding company and its wholly-owned Indian subsidiary will now require prior RBI approval. Amendments have been made to the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016 by the corporate affairs ministry. The changes are with respect to "transferor foreign company incorporated outside India being a holding company and the transferee Indian company being a wholly-owned subsidiary company incorporated in India" entering into a merger. In such cases, the ministry on Monday said both the companies shall obtain the prior approval of the Reserve Bank of India (RBI) and the transferee Indian company should also comply with the provisions of Section 233 under the Companies Act. Broadly, Section 233 pertains to mergers and amalgamations of certain companies. Sandeep Jhunjhunwala, Partner at Nangia Andersen LLP, said the trend of reverse flipping ha
The apex court also flagged the at least a 14-hour delay by Kolkata Police in registering an FIR in the rape and murder of the doctor
A Bench of Justices Sanjiv Khanna and PV Sanjay Kumar granted bail to Singal observing that he was in jail for 16 months and the trial against him was not proceeding
The court said it has received information that the capital markets regulator currently has Rs 15,000-odd crore in the SEBI-Sahara Fund
The trials and tribulations of a woman fighting a protracted legal battle against a family court granting the decree of divorce to her estranged husband multiple times has moved the Supreme Court to the extent that it said the judicial system was "grossly injudicious" to her. The woman, who got married in 1991, gave birth to a son a year later and was deserted by her husband. He filed for divorce in a family court in Karnataka which not once but thrice granted the decree of divorce in favour of her husband disregarding the fact that he was not paying anything either to her or their minor child for maintenance. The family court was asked multiple times by the high court, which the woman approached against the grant of divorce, to decide afresh the petition of her husband. Each time the man managed to get the divorce decree. The high court, in the third instance, approved the family court's decision granting divorce to the husband on payment of permanent alimony of Rs 20 lakh. The ..
A Delhi court Friday ordered framing of charges for murder and other offences against Congress leader Jagdish Tytler in a case related to alleged murder of three people in the north Delhi's Pul Bangash area during the 1984 anti-Sikh riots. Special CBI judge Rakesh Siyal said there was sufficient evidence against him to put him on trial. "Sufficient ground is there to proceed against the accused person," the judge said. A witness had earlier submitted in the charge sheet that Tytler came out of a white Ambassador car in front of the Gurdwara Pul Bangash on November 1, 1984 and instigated a mob by saying "Kill the Sikhs, they have killed our mother," following which three people were killed. The court ordered framing of charges for several offences, including unlawful assembly, rioting, promoting enmity between different groups, house trespass and theft. The court has listed the matter for September 13 for formally framing the charges.
According to the FIR, viewed by Business Standard, the surgery years have allegedly been mentioned as 2019 and 2024 in the two different discharge summaries
A Delhi court will decide next week whether to allow Rau's IAS Study Circle to access the premises of its Old Rajender Nagar building, where three UPSC aspirants died in July after rainwater flooded its basement. Chief Judicial Magistrate Nishant Garg on Wednesday posted the matter for August 28 after hearing the arguments of the advocates appearing in the case. In an application, Rau's IAS Study Circle CEO Abhishek Gupta sought the relief, claiming that it was required to ensure the smooth running of classes. "Arguments on the application have been heard including arguments on behalf of Ld. counsel for the victim. Put up on August 28, 2024 for orders," the judge said. During the arguments, senior advocate Rebecca John, appearing for Gupta, submitted that access to the building was required so that the students could continue their studies. She claimed that the Central Bureau of Investigation (CBI) cannot prohibit access to the building. "They (CBI) can prosecute me (Gupta), but
Expressing anguish over the Kolkata rape-murder incident, over 70 Padma awardee doctors have written to Prime Minister Narendra Modi demanding quick enactment of a special law to deal with violence against healthcare personnel and implementation of improved safety protocols in medical facilities. They suggested that the Centre bring an ordinance immediately to ensure the "harshest possible punishment" to those who indulge in violence against healthcare workers, whether verbal or physical. There have been widespread protests by healthcare personnel and others following the alleged rape and murder of a woman trainee doctor at the state-run R G Kar Medical College and Hospital and claims of a botched-up investigation and cover-up. The Indian Medical Association (IMA) and other doctors' bodies are pressing for a central law to ensure the safety of medics. Among those who have written the letter are former Director General of ICMR Dr Balram Bhargav, former AIIMS Delhi Director Dr Rande
The first meeting of the Parliament's joint committee on the Waqf (Amendment) Bill will be held next week. The committee, chaired by BJP member Jagdambika Pal, will meet representatives of the ministries of minority affairs, and law and justice on August 22, a notice from the Lok Sabha secretariat said. The representatives from the minority affairs ministry are also expected to brief the committee on the "amendments proposed on the Bill", the secretariat said. The Bill is the first major initiative from the BJP-led NDA government aimed at reforming the registration process for Waqf properties through a centralised portal. It proposes several reforms, including establishing a Central Waqf Council alongside state Waqf Boards with representation to Muslim women and non-Muslim representatives. A contentious provision of the Bill is the proposal to designate the district collector as the primary authority in determining whether a property is classified as Waqf or government land. The
In March, a source told Reuters the FTC could resolve a probe into TikTok over allegedly faulty privacy and data security practices by either filing suit or reaching a settlement
The Congress on Friday alleged that the Broadcasting Services (Regulation) Bill was a direct threat to freedom of speech and the independent media and claimed that it would pave the way for "excessive surveillance" online. The Congress' media and publicity department head Pawan Khera urged people to raise their voice against what he termed as "government's tyranny". While several people on social media have also been voicing their concern about certain reported provisions in the proposed law, the government has said the bill was still in the drafting stage and the stakeholders' consultation was underway. "The Broadcasting Services (Regulation) Bill is a direct threat to our freedom of speech and independent media," Khera alleged. "Here's why we all must raise our voice against the government's tyranny: Increased government control over content creators, from social media influencers to independent news outlets, threatens the independence of the press and restricts free speech," the
Meanwhile, Advocate General of Odisha Pritambar Acharya appeared in a dilemma when the court asked him whether the judgment should apply retrospectively or not
President Joe Biden has unveiled a long-awaited proposal for changes at the US Supreme Court, calling on Congress to establish term limits and an enforceable ethics code for the court's nine justices. He's also pressing lawmakers to ratify a constitutional amendment limiting presidential immunity. The White House on Monday detailed the contours of Biden's court proposal, one that appears to have little chance of being approved by a closely divided Congress with just 99 days to go before Election Day. Still, Democrats hope it'll help focus voters as they consider their choices in a tight election. The likely Democratic nominee, Vice President Kamala Harris, who has sought to frame her race against Republican ex-President Donald Trump as "a choice between freedom and chaos," said the court's fairness had been called into question following recent decisions. The White House is looking to tap into the growing outrage among Democrats about the court, which has a 6-3 conservative majority
Court says disparaging claims undermine ayurveda's credibility
The petition was filed by Munjal for setting aside a trial court's July 1, 2023, order by which the summons was issued to him for alleged offences under the Customs Act
The Supreme Court is scheduled to hear on Thursday a batch of petitions related to the controversy-ridden medical entrance exam NEET-UG 2024 which was held on May 5. According to the cause list of July 18 uploaded on the apex court's website, a bench comprising Chief Justice D Y Chandrachud and justices J B Pardiwala and Manoj Misra would hear more than 40 pleas, including those filed by the National Testing Agency (NTA) seeking transfer of cases pending against it in various high courts on the NEET-UG row to the Supreme Court to avoid multiplicity of litigations. On July 11, the top court had adjourned till July 18 the hearing on the pleas, including those seeking cancellation of the exam, re-test and probe into alleged malpractices in the conduct of NEET-UG 2024, as the responses of the Centre and the NTA were yet to be received by some parties. The bench had observed that it has received a status report from the Central Bureau of Investigation (CBI) on the progress made in the ..
The bench of Justice Neena Bansal Krishna after hearing the arguments at length, decided to reserve the order on Kejriwal's plea challenging his arrest
Justices Nongmeikapam Kotiswar Singh and R Mahadevan were on Tuesday elevated as judges of the Supreme Court. Once they take oath, the apex court will regain its sanctioned strength of 34, including the chief justice. Chief Justice of Jammu and Kashmir High Court, Justice N Kotiswar Singh, has become the first judge from Manipur to have been appointed to the top court. "His appointment as a judge of the Supreme Court will provide representation to the North-East, and in particular he will be the first judge from the state of Manipur to be appointed as a judge of the Supreme Court," the SC Collegium had said on July 11 while recommending his name along with that of Justice Mahadevan. Justice Singh originally hails from Manipur. He was appointed as a judge of the Gauhati High Court in October 2011. Following the formation of the Manipur High Court, he was transferred there. In February 2023, he was appointed as chief justice of the Jammu and Kashmir and Ladakh High Court and will d
The Consortium of National Law Universities will start the registration process for the Common Law Admission Test (CLAT) 2025 today, July 15. Eligible applicants can apply at consortiumofnlus.ac.in