2020-TIOLCORP-NEWS-154| Thursday July 30, 2020

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CAPITAL MARKET LAWS

2020-TIOLCORP-28-SAT

Anant R Sathe Vs SEBI

Whether non-supply of essential documents at time of issuing show cause notice demanding reply, does not require appeal to SAT at this stage as aggrieved party has alternative option to challenge the final order on ground of unfairness due to non sharing of relevant documents - YES : SAT

- Appeal dismissed: SAT

2020-TIOLCORP-27-SAT

Aurora UK Bidco Ltd Vs SEBI

Whether in order to safeguard interest of stakeholders, if SEBI passes order to appoint CA for fair valuation of shares, then it is not required to give a reasoned order - YES : SAT

- Appeal dismissed: SAT

 
FEMA & PMLA
2020-TIOLCORP-01-SC-FEMA

Shailendra Swarup Vs Enforcement Directorate

Whether where Deputy Director at ED decides to hold adjudication proceedings u/s 51 of FERA, any reply submitted in response to a notice must statutorily be considered u/s 51 and such reply cannot be ignored or rejected based on erroneous assumption - YES : SC

Whether for imposing a penalty adjudicating officer is required to hold an enquiry after giving person a reasonable opportunity for making a representation in matter - YES : SC

- Appeal allowed: SUPREME COURT OF INDIA

 
 
HIGH LIGHTS (SISTER PORTAL)
  TIOL

Unlock 3: MHA opens up more activities outside Containment Zones

Namami Gange project included in PM's Awards for Excellence

Media should promote widespread use of native languages: Naidu

WTO Chief favours close link between health, trade & IP

China-centric Global Supply Chain corroding! India urgently needs to play with clay of Policy Packages!

TOG

Red Cross to buy 1.80 lakh Face Masks from KVIC

Power Minister dedicates wind projects with 800 MW capacity to Nation

Home Minister welcomes National Education Policy 2020

Health Minister releases book on Standard Treatment Guidelines for of Substance Use Disorders

 

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FLASH NEWS
US based InterDigital files two patent infringement case related to cellular technology and video coding against Xiaomi in Delhi HC

Myntra is planning to take its fashion brands to international markets of Southeast Asia and Europe

Mahindra & Mahindra introduces new affordable finance schemes for its customers for all its vehicles

 
CORP BRIEF
RCF crosses Rs 200 Cr mark in cumulative sales

Govt firmly behind banking system: PM

 
MCA NOTIFICATION
NCLT and NCLAT (Procedure for investigation of misbehavior or incapacity of Chairperson, President and other Members) Rules, 2020  
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