SEBI Act - Failure to disclose substantial acquisition of shares over limit specified under SAST Regulations to company as well as stock exchange amounts to violation and thus, warrants imposition of monetary penalties: SEBI (See 'Legal Desk') IBC - When there is prima facie dispute for claim made in relation to particular agreement, and payments made by financial debtor is not in dispute, same is not fit case for initiation of CIRP u/s 7 of IBC: HC (See 'Legal Desk') Adani gets gas rights for 21 cities, BPCL bags 11 DLF to offer only completed flats to remove delivery uncertainty Ola appoints Ben Legg as MD of UK operations PVR buys SPI Cinemas for Rs 633 Cr Infosys to Open Software Development Centre in West Bengal Cadila Healthcare acquires 51% stake in Windlas Healthcare L&T Construction bags order worth Rs 3,028 Cr Edelweiss Group to acquire two funds from Milestone Capital NPAs in education sector rise to 9% (See 'Corpbrief') Competition Act - When other domestic & global manufacturers are also operating in relevant market, which gives consumers multiple choice for purchase & supply of wind turbines, it cannot be said that OP is enjoying position of strength and abusing its dominant position: CCI (See 'Legal Desk') Recovery of Debts Due to Banks and Financial Institutions Act - Prayer of plaintiff to consolidate all Original Applications in proceedings before DRT cannot be rejected merely because plaintiff had chosen to file separate suit in proceeding instead of counter-claim: HC (See 'Legal Desk') Agriculture Credit Disbursement increased to Rs 11,68,502.84 Cr in 2017-18: NABARD (See 'Corp Brief') NITI Aayog working on developing Andamans as tourist hotspot (See 'Corp Brief') Recapitalisation Scheme for RRBs extended up to 2019-20 (See 'Corp Brief') NPS eyeing greater transparency via online access to pension account: MoS (See 'Corp Brief') IFFCO partners with Spanish firm to enter food processing sector (See 'Corpbrief') PAN made sole ID number for transactions in securities market: MoS (See 'Corp Brief') Ashok Leyland subsidiary Optare wins world's first Electric Double Decker order CCI probes heavy discounts offered by e-commerce majors (See 'Corpbrief') Parliamentary panel bats for dedicated policy for BPO sector (See 'Corpbrief') Enhanced monitoring of Qualified Registrars to an Issue and Share Transfer Agents (See 'Dashboard') GoI nominates Mr Satish Kashinath Marathe and Mr Swaminathan Gurumurthy to RBI Board ShopClues raises Rs 110 cr from existing investors Two-wheeler rental start-up Metro Bikes raises USD 12.2 mn from Sequoia, Accel Partners Lok Sabha refers bill to ban ponzi schemes to PAC Prevention of Corruption Act - Coercive measures prescribed under Look Out Circular need not be imposed by exercising arrest or detention of person, without disclosing reasons for such recourse: HC (See 'Legal Desk') IBC - Recommendations of RBI's Internal Advisory Committee to initiate CIRP against JAL should be allowed since further delay will adversely impact viable resolution and thus, NCLT should be directed to commence insolvency proceedings with immediate effect: SC (See 'Legal Desk') Anti-profiteering body tightens screw on Flipkart over GST refund (See 'Corpbrief') Flipkart Supermart to take on Amazon, BigBasket in grocery space RBI to transfer Rs 500 bn surplus to Govt Bid round - II under Discovered Small Field Policy to be launched today (See 'Corp Brief') GST - Proposed Amendments - Union Cabinet 'mends' to aid MSMEs (See 'Cob(Web)' in 'TIOL') Entrepreneurs turn into Investors: Angel Investors for Startups (See 'CORP EINSICHT') TRADE MARKS ACT - Use of trademark 'Vistara' by defendant in respect of travel & allied services is likely to cause confusion amongst customers and thus, constitutes infringement of Plaintiff's statutory rights: HC (See 'Legal Desk') Copyright Act - Use of design of bottle & cap registered in favour of plaintiff-Tupperware is clear case of infringement by defendant as per section 22 of Designs Act: HC (See 'Legal Desk') Companies (Prospectus & Allotment of Securities) Second Amendment Rules, 2018 (See 'Dashboard') Govt notifies Companies (Prospectus & Allotment of Securities) 2nd Amendment Rules, 2018 from August 7, 2018 (See 'Dashboard') RBI cancels licences of 368 NBFCs in first half of 2018 Flipkart aims to expand into new categories via SmartBuy Draft e-commerce policy - Amazon, Flipkart raises concerns (See 'Corpbrief') Blue Star's consolidated Q1 net profit grows 20% to Rs 91.58 cr Samsung planning to invest USD 22 Bn in AI (See 'Corpbrief') India will achieve clean energy goals before 2022: MoS (See 'Corpbrief') PMLA - Bail can be granted where CBI is yet to file chargesheet against detainee arrested u/s 13(1)(d) r/w Section 13(2) of PCA, 1988: HC (See 'Legal Desk') RBI issues guidelines for appointment of Auditors in PSBs (See 'Brief') TRAI integrates DND 2.0 & MyCall apps with UMANG Platform to safeguard consumers interest (See 'Corp Brief') SFIO investigated 225 entities last fiscal: Govt (See 'Corp Brief') FAGMIL gets nod for setting up White Cement Plant (See 'Corp Brief') TRADE MARKS ACT - Sale of counterfeit shoes by defendants bearing 'RED SOLE' trademark of Plaintiff- Christian Louboutin, amounts to infringement and thus, makes defendants liable to pay damages: HC (See 'Legal Desk') Reliance Naval sues ONGC for terminating pact for 12 vessels

CORP EINSICHT

By Shweta Jain, CS

Entrepreneurs turn into Investors: Angel Investors for Startups

Published: Aug 09, 2018

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