2017-TIOLCORP-06-COMPAT

Saurabh Tripathy Vs CCI

Whether delay in filing appeal can be allowed when commission fails to order for substituted service when its order is not been served upon the party due to change of address - YES : COMPAT

Whether Tribunal has jurisdiction to intervene merely because in its order commission does not comment upon some specific stipulations given in DG report - NO : COMPAT

- Appeal dismissed: COMPAT

2017-TIOLCORP-19-SAT

Nirmal Singh Bhangoo Vs SEBI

Whether running CIS without obtaining registration from SEBI is contravention of SEBI Act and CIS Regulations - YES: SAT

Whether violation under CIS Regulations can be established against director of a company running a CIS without registration if he ceased to be associated with such company even before CIS Regulations came into force - NO: SAT

Whether such director would be guilty under Section 12(1B) of SEBI Act if the schemes being run at the time when such person was a director were found to be a CIS running without obtaining registration - YES: SAT

- Directions Imposed: SEBI

Saudi Govt imposes 'Dependent Tax'; Population of Indian expats dwindles (TIOL)

Applicability of 272A( 2)(k) of I-T Act to Govt Department (TIOL)

'Undisclosed income' of Rs 71,941 cr retrieved in 3 years: Govt to SC (TOG)