Negotiable Instruments Act - High Courts should issue practice directions to Magistrates to record reasons before converting trial of complaints u/s 138 of the Negotiable Instruments Act from summary trial to summons trial: SC (See 'Legal Desk') IBC - There is no collusion between Liquidator and Respondent to defeat rightful claims of ex-workers: NCLAT (See 'Legal Desk') Airlines may cut losses to Rs 10,000 cr this fiscal: CRISIL (See 'Corp Brief') Ease My Trip, Cleartrip partner with MoT to strengthen tourism (See 'Corp Brief') Limitation Act - Reflection of debt in books of accounts amounts to acknowledgment of debt u/s 18 of the Limitation Act, 1963 - SC Lager Bench (See 'Legal Desk') PMLA - Bail application can be rejected considering nature of accusations against the applicant, his conduct and non-co-operation in investigation: HC (See 'Legal Desk') IBC - CIRP is time bound process and Appellant being outsider is neither aggrieved party in process of CIRP nor has locus standi to file the appeal: NCLAT (See 'Legal Desk') Arbitration – HC can interfere with impugned award u/s 34 to the extent it is patently illegal and erroneous on face: HC (See 'Legal Desk') IBC - Right to extend date of limitation can't be availed even without Debtor's acknowledgement of one's debt: NCLAT (See 'Legal Desk') L & T appoints Anil Rander as CFO Construction arm of L&T receives multiple orders worth Rs 2,500 crore Apple makes USD 200 mn Restore Fund to reduce carbon NIXI announces 3 initiatives to boost adoption of IPv6 (See 'Corp Brief') Microsoft to promote digital agriculture in 100 Indian villages (See 'Corp Brief') Mall revenues to be lower than pre-pandemic level in FY22: CRISIL (See 'Corp Brief') Dassault Systemes Foundation to support Indian entrepreneurs (See 'Corp Brief') Companies Act, 2013 - Conditions u/s 212(6)(b) ought to be fulfilled even when fraud committed u/s 447 causes no loss to public exchequer and interest: HC (See 'Legal Desk') IBC - Appeal should be dismissed as Appellant is not serious in pursuing his remedy before NCLT: NCLAT (See 'Legal Desk') SEBI Regulations - Mere 'forwarded as received' WhatsApp message circulated on group regarding quarterly financial results of Company closely matching with vital statistics some time before the publication of same does not amount to UPSI: SAT (See 'Legal Desk') Trade Mark Act - Plaintiff is prior user and adoption of impugned mark by defendant is prima facie dishonest: HC (See 'Legal Desk') Pandemic turns into 'Kalashnikov' - A Pogrom against the Poor!

BSE inks JV with Frontier Agriculture Platforms to drive innovation in agriculture

Published: Mar 05, 2021

By TIOLCORPLAWS News Service

MUMBAI, MAR 05, 2021: BSE Investments, a wholly-owned subsidiary of BSE, on Friday entered into a joint venture agreement with Frontier Agriculture Platforms Limited (FAPL), with the latter picking up 40 per cent equity stake in BSE E-Agricultural Markets (BEAM).

"The objective of this Joint Venture is to explore scope and opportunities available in the agricultural commodities trading space, driven by a strong impetus given by the government to bring in transparency and efficiency in this space," said an official statement from BSE.

They added that the collaboration is part of BSE Group's commitment to broaden access to agricultural markets for investors and companies to create a "single market" for agriculture commodities.

Commenting on the joint venture, Mr Sameer Patil, Chief Business Officer BSE, said, "Through FAPL's strong industry connect and BSE's technological superiority, BEAM aims to eliminate bottlenecks associated with spot agriculture trading."

"Market access and linkage with the markets have been the biggest impediments for enhancing farmers' income. BEAM's technology platform which links the farmers with the businesses and other ecosystem players in agribusiness would go a long way in making the agriculture supply-chain efficient in the country," said Mr Nilotpal Pathak, Director FAPL.

FAPL will support BEAM with market linkages, connecting with stakeholders and domain knowledge.

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