Canning Industries Cochin Ltd Vs SEBI

Whether the provision of section 42 of the Companies Act, 2013 relating to offer for subscription of securities on private placement is applicable to the offer of Fully Convertible Debentures - NO: SAT

Whether where the FCDs are issued by the company to more than 200 of its own shareholders subject to a condition approved by a special resolution as per section 62(3) of the Companies Act, 2013, such issue of share capital u/s 62 cannot become a public offer - YES: SAT

Whether if the company has appointed a trustee before offer is made for subscription of its debentures, the restriction contained u/s 71(5) of the Companies ACt, 2013 to issue capital to 500 shareholders is not applicable - YES: SAT

- Appeal allowed: SAT

BVSR-KVR Vs Rail Vikas Nigam Ltd

Whether if there are doubts about the neutrality of arbitrator appointed from a panel determined by the PSUs, the court is vested with the authority to appoint an independent arbitrator u/s 11(6) even when there is already an Arbitral Tribunal in place - YES: HC

- Petitioner allowed: DELHI HIGH COURT

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TOG

Govt actively taking steps to promote women entrepreneurs: MoS

Govt reforms oil exploration & licensing norms to cut imports

Govt commences ROPAX services between Bhaucha Dhakka to Mandwa