Principal Scientific Adviser chairs meeting to discuss Biomass Cultivation (See 'Corp Brief') SAFEMA - Appellant have furnished evidence which show satisfactorily that they took all reasonable steps to realise export proceeds : Tribunal (See 'Legal Desk') Companies Act - Winding up petition can be dismissed when contentions raised by parties constitute triable issues as Company Court cannot enter into adjudication of disputed facts of amount due and payable : HC (See 'Legal Desk') Competition Act - In absence of any apparent anti-competitive conduct, decision of purchase or sale of product and quantity thereof is driven by commercial considerations of market players : CCI (See 'Legal Desk') Slum Rehabilitation Act - Preferential right to owner is available only when someone other than owner is being preferred and owner has never before been given or availed of right to develop : HC (See 'Legal Desk') India Pavilion at World Hydrogen Summit showcases Green Hydrogen Mission (See 'Corp Brief') CPC - Application can be dismissed as Intervener has already initiated its own remedy by way of independent Execution Petition : HC (See 'Legal Desk') SEBI Act - Appellant has not shown sufficient cause for condonation of delay in filing appeal : SAT (See 'Legal Desk') PMLA - When questions relating to legality of arrest is under consideration, more holistic and libertarian view is to release Chief Minister of Delhi on interim bail for Lok Sabha General Elections : SC (See 'Legal Desk') Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, 1976 - Order for forfeiture of properties is rightly made as property is occupied through lllegal earning : Tribunal (See 'Legal Desk') Summer Power demand expected to be adequately met during both day and night (See 'Corp Brief') Arbitration Act - As petitioner is not notified as 'financial institution' or 'bank' under RDB Act, there is no bar on parallel proceedings to co-exist under A&C Act as well as SARFAESI Act : HC (See 'Legal Desk') Cr.P.C. - Once order issuing process has been set aside, then applicant has no right to file application u/s 482 of Cr.P.C. for quashment of complaint case : HC (See 'Legal Desk') Competition Act - WordPress.org is justified in taking appropriate action against any developer found non-compliant with prescribed standards and regulations : CCI (See 'Legal Desk') Ministry of Skill signs MoU with Mahindra Ltd to conduct two Pilot Projects (See 'Corp Brief')

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Terrorist Sanctions List update: SEBI issues guidelines to markets

Published: Apr 01, 2020

By TIOLCORPLAWS News Service

NEW DELHI, APRIL 01, 2020: THE Ministry of External Affairs (MEA) has forwarded the notifications issued by the United Nations Security Council (UNSC) Committee concerning ISIL (Da'esh), Al - Qaida, and associated individuals, groups, undertakings and entities regarding changes in the List of individuals and entities subject to the assets freeze, travel ban and arms embargo set out in paragraph 1 of UNSC resolution 2368 (2017), and adopted under Chapter VII of the Charter of the United Nations.

The Government has the right to freeze, seize and attach funds of suspected people who are engaged in the act of terrorism and to prevent them from participating in the securities market under section 51A of the Unlawful Activities (prevention) Act, 1967. The list has been updated and there is one name that is now deleted (Syrian individual [QDi.206 Name: 1: IBRAHIM 2: MOHAMED KHALIL] in UNSC's 1267/ 1989 ISIL (Da'esh) & Al - Qaida Sanctions List issued by the United Nations Security Council (UNSC).

The UNSC press releases concerning amendments to the list are available at URL: https://www.un.org/securitycouncil/sanctions/1267/press-releases. The latest versions of the Sanctions lists are accessible on the UN Security Council's website at the following URL:

a) List issued by the UNSC Committee established pursuant to resolution 1989 (2011) of individuals and entities linked to ISIL (Da'esh) and Al - Qaida - www.un.org/securitycouncil/sanctions/1267/aq_sanctions_list.

b) List issued by the UNSC Committee established pursuant to resolution 1988 (2011) of individuals and entities linked to Taliban - https://www.un.org/securitycouncil/sanctions/1988/materials.

The SEBI has now advised the Stock Brokers/Depositories/AMFI/Registered intermediaries to:

a) Circulate this press release to respective members/ participants/AMC's for necessary compliance as required.

b) Follow the procedure as well as advise their respective members/participants/AMC's to follow the procedure as mentioned in the Central Government Order dated March 14, 2019 detailing the implementation of Section 51A of Unlawful Activities (Prevention) Act, 1967.

c) Scan all existing accounts to ensure that no accountant is held by or linked to any of the entities or individuals included in the list and also ascertain the same for future accounts as well (As per Clause 2.8.1 of SEBI "Guidelines on Anti - Money Laundering (AML) Standards and Combating the Financing of Terrorism (CFT) / Obligations of Securities Market Intermediaries under the Prevention of Money Laundering Act, 2002 and Rules framed there under" issued on Oct 15, 2019, and

d) Forward any request for de - listing received by them, electronically to Joint Secretary (CTCR), MHA (e-mail id: jsctcr-mha@gov.in) and a copy of the same to Joint Secretary (UNP) (e - mail id: jsunp@mea.gov.in).

e) Individuals, groups, undertakings or entities seeking to be removed from the Security Council's ISIL (Da'esh) and Al - Qaida Sanctions List can submit their request for delisting to an independent and impartial Ombudsperson who has been appointed by the United Nations Secretary - General.

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