TIOL Mail Update
 
 
2020-TIOLCORP-NEWS-256| Wednesday December 23, 2020

Dear Member,

Sending following links.

Warm Regards,
Tiolcorplaws

For assistance please call us at +91 850 600 0282 or email us at helpdesk@tiol.in.

 
CAPITAL MARKET LAWS
2020-TIOLCORP-43-SAT

Prabhat Dairy Ltd Vs SEBI

Whether SEBI can determine price of a company's shares - NO: SAT

Whether discovered price in delisting must be based on price at which bids are placed by public shareholders - YES: SAT

- Appeal allowed: SAT

 
MISCELLANEOUS
2020-TIOLCORP-179-HC-DEL-MISC

KKR India Pvt Financial Services Ltd Vs Williamson Magor And Company Ltd

Whether an arbitration agreement entered into by a Company within a group of corporate entities, as per 'Group of Companies Doctrine', can in certain circumstances bind non-signatory affiliates as well- YES: HC.

Whether an arbitration agreement can bind a non-signatory company of a group of companies if facts and circumstances of the case indicate a mutual intention of all parties to bind both signatories and non-signatory affiliates in the group- YES: HC

- Case dismissed: DELHI HIGH COURT

2020-TIOLCORP-178-HC-DEL-MISC

KDP Buildwell Pvt Ltd Vs UoI

Whether a newly appointed statutory auditor must obtain No Objection Certificate from previously appointed Chartered Accountant- NO: HC

- Case disposed of: DELHI HIGH COURT

 
HIGHLIGHTS (SISTER PORTAL)
  TIOL

Need to focus on growth of parcel business for benefit of small businesses: Rail Minister

World Bank, govt sign USD500mn pact to develop green, safe highways

Andhra Pradesh, Madhya Pradesh permitted to borrow extra Rs 4,898cr for Urban Local Bodies reforms

TOG

Rail freight customers can pay 5% premium to get priority allotment on Mon, Fri

Defence Minister talks regional security with Japan counterpart

Centre grants permission for AP, MP to borrow Rs 4,898cr on completing Urban Local Bodies reforms

 

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FLASH NEWS
L&T construction arm bags large contracts in  MP

RBI Cautions against unauthorized Mobile Apps

Facebook to add more account security features in 2021

 
MCA NOTIFICATION
IBC restriction extended for further 3 months

21.12.2020, Companies (Amendment) Act, 2020 certain provisions come into force

 
SEBI CIRCULAR
Master Circular on (i) Scheme of Arrangement by Listed Entities and (ii) Relaxation  
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