2017-TIOLCORP-NEWS-216| Thursday, November 02, 2017

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GST - Goshthy - 4
 
 
 
CAPITAL MARKET LAWS
  2017-TIOLCORP-59-SEBI

ERIL Mutual Benefit India Ltd

Whether issue of equity shares by a Nidhi Company, with an aim to make members rather than mobilizing money through such issuance, can be seen as violations of the provisions of the Companies Act r/w ICDR Regulations - NO: SEBI

Whether therefore, it is justified to refer the complaints received against Noticee to MCA and RBI for necessary action - YES: SEBI

- Directions imposed: SEBI

 
MISCELLANEOUS

 

2017-TIOLCORP-63-HC-MUM-MISC

Chaucer Capital Ltd Vs Maharashtra Maritime Board

Whether mere existence of breakwater and loosely using the words 'jetty' and 'port', make the facility provided to JSW as multipurpose facility like a commercial port - NO: HC

Whether since due to security concern raised by the Department of Atomic Energy, the project of the petitioner can not be considered, therefore, allegation that MMB and Ministry favouring JSW instead of petitioner is not justified - YES: HC

Whether in absence of issuance of LOI and since no contract being awarded or promised to any of the four contenders, including the petitioner, there is no question of discrimination against the petitioner by favouring JSW - YES: HC

- Writ petition dismissed: BOMBAY HIGH COURT

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FLASH NEWS
  SEBI opens local office at Jammu

NATCO logs INR 432.2 Crore revenue for Q2

RSIL Board approves raising INR 4000 Crores through divestment

 
CORP BRIEF
  MCA further contributes to Ease of doing business

Jaitley constitutes pannel for consolidation of Public Sector Banks

 
FDI APPROVED
  FDI Approves 3 proposals aggregating to foreign investment of Rs. 24.56 crore during October 2017  
RBI NOTIFICATION
  Introduction of Legal Entity Identifier for large corporate borrowers  
CORP EINSICHT
 

Dream Home - Flat buyers pin hope on IBC

 
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