2017-TIOLCORP-NEWS-089 | Friday, May 05, 2017

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General Anti Avoidance Rules (GAAR) | Educational | The Learning Curve
 
 
 
COMPANIES LAW
 
2017-TIOLCORP-29-HC-MUM-CA

CIT Vs Registrar Of Companies

Whether proceedings, other than winding up proceedings pending in High Court as on 15.12.2016, would stand transferred to NCLT if hearing in those proceedings have concluded and only pronouncement of order is pending or reserved - NO: HC

Whether the matters which have not been fully heard or substantially heard by the High Court would stand transferred to NCLT w.e.f. 15.12.2016 - YES: HC

- Petition dismissed: BOMBAY HIGH COURT

 
 
CAPITAL MARKET LAWS
 
2017-TIOLCORP-14-SEBI

Indian Continental Investment Ltd

Whether pending adjudication proceedings can be disposed of when a settlement order duly approved by High Powered Advisory Committee has been passed - YES : SEBI

Whether SEBI still has the power to reopen pending proceedings which have been disposed of in terms of a settlement order, upon subsequent discovery of untrue fact or breach of any of the conditions of the settlement order - YES : SEBI

- Case Disposed of: SEBI

 
COMPETITION LAWS
 
2017-TIOLCORP-17-CCI

Sunil Kumar Jain And Jaguar Land Rover Automotive Plc

Whether a Commission would entertain an individual consumer dispute pertaining to deficiency in services which does not raise any competition concern - NO: CCI

- Order passed u/s 26(2) of Act: COMPETITION COMMISSION OF INDIA

 
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CORP BRIEF
  Banking ordinance gives more teeth to RBI to deal with NPAs

Refrain from dealing in PACL properties: SEBI cautions investors

 
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  Money Laundering Legislation - How to deal with fugitives?  
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  The Banking Regulation (Amendment) Ordinance, 2017  
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