2017-TIOLCORP-NEWS-129 | Monday, July 03, 2017

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COMPANIES LAWS
 
2017-TIOLCORP-02-SC-CA

K Sitaram Vs CFL Capital Financial Service Ltd

Whether borrower company has a right to know about Assignment Deed executed by lender bank particularly when the Assignment Deed specifically contained a clause which required that the clients and other related persons shall be informed about the alleged Assignment - YES : SC

Appeal Allowed: SUPREME COURT OF INDIA

 
COMPETITION LAWS
 
2017-TIOLCORP-27-CCI

Karnataka Power Corporation Ltd And Singareni Collieries Company Ltd

Whether in case of a commercial dispute not involving any competition concern, the remedies would lie elsewhere and not in Competition Act - YES: CCI

Whether a case of contravention of Section 4 can be made out if the opposite party does not occupy a position of dominance in the relevant market - NO: CCI

- Order passed u/s 26(2) of Act: CCI

 
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FLASH NEWS
     
CORP BRIEF
  BSE issues an investor alert on schemes by third party

SEBI clarifies duty of DT to monitor interest/ principal repayment & sharing of information with CRAs

SEBI issues clarification on monitoring and review of ratings by CRAs

SEBI issues specifications of ISIN for debt securities

MCA modifies combination norms under Competition Act

 
SEBI CIRCULAR
  Specifications related to International Securities Identification Number (ISINs) for debt securities issued under the SEBI (Issue and Listing of Debt Securities) Regulations, 2008

Clarification on monitoring of Interest/ Principal repayment and sharing of such information with Credit Rating Agencies by Debenture Trustees

Monitoring and Review of Ratings by Credit Rating Agencies (CRAs)

 
MCA NOTIFICATION
     
CORP EINSICHT
  Simplified Proforma for Incorporating Company Electronically (SPICe)  
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