2017-TIOLCORP-NEWS-164| Tuesday, August 22, 2017

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GST: Ek Desh Ek Kar | Episode 2
  
 
 
COMPANIES ACT
 

2017-TIOLCORP-45-HC-DEL-CA

Brand Trading (India) Pvt Ltd

Whether permanent stay on winding-up can be ordered if a company is already undergoing voluntary winding up and the continuation of the company is found to be more advantageous than its closure - YES: HC

- Petition allowed: DELHI HIGH COURT

 
CAPITAL MARKET LAWS
 

2017-TIOLCORP-04-SC-CM

SEBI Vs Classic Credit Ltd

Whether when the pertinent provisions of the SEBI Act were amended to try all offences before a court not less than a Sessions Court, the offences booked prior to the amendment are also to be tried before the higher forum - YES: SC

Whether all offences under SEBI Act are to be tried before a Special Court after yet another amendment in 2014 - YES: SC

Whether such amendments are procedural in nature and are therefore, retrospective - YES: SC

Whether certain Sections of the Code of Criminal Procedure will have any application to proceedings initiated under the SEBI Act - NO: SC

Whether summary trial of the cases is possible under the provisions of the SEBI Act - NO : SC

- Appellant's appeal Allowed : SUPREME COURT OF INDIA

 
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NEWS FLASH
 

Omkar Speciality receives initial approval for listing of shares of Lasa Supergenerics

Zydus gets USFDA nod for Pindolol TabletsKIOCL Ltd gets listed on BSE

Eros Worldwide pays over $40 mn of debt through share sale

 
CORP BRIEF
 

BSE transfers scrips for trading on trade-to-trade basis

 
CORP EINSICHT
  SCORES by SEBI  
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