2020-TIOLCORP-NEWS-110| Saturday May 30, 2020

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CAPITAL MARKET LAWS
2020-TIOLCORP-22-SAT

Nippon India Mutual Fund Vs IRDAI

Whether prior to any transfer of shares authority is required to be in a position to carry out due diligence in order to ascertain fulfillment of Fit and Proper criteria and financial soundness of transferee - YES : SAT

- Order partly passed in favour of Appellant

 
MISCELLANEOUS
2020-TIOLCORP-19-SC-MISC-LB

Guru Nanak Industries Vs Amar Singh

Whether there is a distinction between 'retirement of a partner' and 'dissolution of a partnership firm' and in case where there are only two partners and one has agreed to retire, then retirement amounts to dissolution of firm also - YES : SC

- Appeal dismissed: SUPREME COURT OF INDIA LARGER BENCH

 
HIGH LIGHTS (SISTER PORTAL)
 

TIOL

Q4 pulls down GDP growth for 2019-20 to 4.2%; Per capita income rises by 6%

Steel in Indian Economy's 'CORE' badly shaken; Overall 38% decline recorded in April

Finance Commission discusses power reforms with Central Govt

Locust control operations conducted at 15 locations in Rajasthan & MP

TOG

Revenue Secretary attends BRICS Tax Heads meeting for cooperation in tax matters

Free online career skills training launched on NCS in partnership with TCS ION

 

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CORP BRIEF
AirAsia CEO: Indian Aviation on two year pause

HCL to acquire CISCO’s self optimising network for $50 mn

Augusta Westland scam: ED attaches assets worth Rs 384 cr of Rajiv Saxena

 
CORP BRIEF
NHPC explores Power Projects in Ladakh

Centre approves Rs 445 Cr for implementation of Jal Jeevan Mission in Chhattisgarh

Raksha Mantri speaks with US counterpart; reviews bilateral pacts

 
SEBI CIRCULAR
Implementation of provision regarding Power of Attorney in circular dated February 25, 2020 - Extension  
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