2020-TIOLCORP-NEWS-58 | Thursday, March 19, 2020

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COMPANIES LAW
  2020-TIOLCORP-36-NCLAT

Central Transmission Utility Vs Korba West Power Company Ltd

Whether there is any bar on filing appeal against the order passed by NCLT, merely because proceeding are pending before Central Electricity Regulatory Commission - NO : NCLAT

Whether appeal can be rejected if filed after expiry of 45 days from the date of the knowledge of passing order by NCLT being barred by time - YES : NCLAT

- Order passed in favour of Respondent: NCLAT

CAPITAL MARKET LAWS
  2020-TIOLCORP-10-SAT

Shailesh Shah Vs SEBI

Whether indulging in circular trading which leads to volume manipulation in the scrip of a listed company imposes heavy cost on the unsuspecting investors & thus is against Regulation 4(2)(a) of the PFUTP Regulation, 2003 - YES: SAT

Whether where the nexus between the benefit accruing from certain trades which are subject to arbitration & against whom the AO has imposed a penalty for violation of PFUTP Regulations is not clear, it calls for reduction of penalty amount - YES: SAT

- Appeals partly allowed: SAT

HIGH LIGHTS (SISTER PORTAL)
  TIOL

National Appellate Authority for Advance Ruling- Status, way forward and fallout of orders

Shrinkonomics - GST Council forfeits chance to race ahead of COVID-19!

India imported more raw steel & products than exports in FY 18-19

Public Debt - Govt's total liabilities up in Q3

ISRO to launch 36 missions in 2020-21: MoS

COVID-19 - Railways take additional preventive steps

TOG

Govt allocated Rs 49950 Cr to modernise major ports: MoS

Govt to slash about 32K combatant & civilian Defence posts

 

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NEWS FLASH
Arundhati Bhattachaya, Ex-SBI Chairperson resigns from CRISIL as Independent Director; to join Salesforce, USA as India Chief

HCL Tech, Noida shuts office after employee tests Covid -19 positive

Indian Railways suspends Sr. Citizen concession to discourage travelling

 
CORP BRIEF
Export of MSME products sees gradual increase  
MCA NOTIFICATION
Govt amends Companies (Meetings of Board and its Powers) Rules, 2014  
SEBI CIRCULAR
Relaxation from compliance with certain provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 due to the CoVID -19 virus pandemic  
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