ICC flooded with record number of new arbitration cases in 2016 (See 'Corp Brief') Companies Act - Holding requisite percentage of shares is a mandatory requirement for maintaining an action for oppression and mismanagement: HC (See 'Legal Desk') SEBI Act - Apollo Tryes get relief; SEBI cannot impose penalty for violation of Buy Back Regulations without specifying exact regulation which stands violated: SAT (See 'Legal Desk') Cabinet approves repeal of 105 obsolete laws Net Zero Imports of electronics - Cabinet approves amendment in Incentive Scheme Cabinet gives nod to package to support MSEs Cabinet approves exclusion of States from investments of Small Savings Fund Cabinet okays Trade pact negotiations with Peru Govt-owned Insurance Cos allowed listing at stock exchanges (See 'Corp Brief') Centre asks States & UTs to implement Real Estate Act from May, 2017 (See 'Top News' in TIOL) Tata Motors appoints Tata Sons Chairman N Chandrasekaran as its Chairman SBI raises $ 500 million overseas through unsecured Fixed Rate Notes Companies Act - Scheme of amalgamation to be allowed when tax demand is pending against transferor with approval of IT department: HC (See 'Legal Desk') Trade Mark Act - Interim injunction allowed during pendency of territorial jurisdiction issue when goods are deceptively similar and can cause confusion: HC (See 'Legal Desk') Govt solicits comment on draft regulations on Information Utilities Insolvency (See 'Corp Brief') NSE rolls out e-ETF facility under e-IPO module MCA has revised INC-7 form for incorporating Part 1 companies Reliance Industries' net profit for last quarter jumps by 10% to Rs 8,022 cr Trademark Act - Trademark 'Blue Chief' and 'Blue Chef' are deceptively similar and can result in passing off: HC (See 'Legal Desk') Arbitration and Conciliation Act - Change in forum does not affect pending actions unless it is clearly intended: HC (See 'Legal Desk') Regulatory Framework on Schemes of Arrangements - Mergers and Demergers (See 'Corp Brief') Empowerment of Stock Exchanges for effective regulation of Listed Entities (See 'Corp Brief') Review of advertisement guidelines for Mutual Funds (See 'Corp Brief') SEBI cuts fees payable by brokers by 25% (See 'Corp Brief') App launched to facilitate digital transactions to SEZ units (See 'Mixed Buzz' in TIOL) Govt. hikes pay scale of LIC Chairman (See 'Other Notifications') Enhancement of withdrawal limits from ATMs and Current Accounts (See 'Dashboard') Companies Act - Scheme of arrangment to be allowed when demerger of 'Mobile Banking Business' not to affect 'Bank Note Business': HC (See 'Legal Desk') TM Act - Delhi HC has no territorial jurisdiction under Tade Marks Act, when neither party has registered office in Delhi nor cause of action arose in Delhi: HC (See 'Legal Desk') SEBI gives nod to NSE for setting up international exchange at GIFT city


By Naresh Minocha

Blend Reforms with Penalties to checkmate Benami

Published: Jan 11, 2017