3-Day 'India Steel 2025' Kicks Off with Industry-Driven Innovation (See 'Corp Brief') Bhutani inaugurates packaging facility of NCOL in Noida (See 'Corp Brief') SEBI's Current Focus - SECRETARIAL AUDIT (See CORP EINSICHT) Underground Coal Mining gets Boost with New Incentives (See 'Corp Brief') Luxury items such as handbags, footwear and wrist watches, priced above Rs. 10 Lakhs, will now attract 10% TCS A&C - High monetary stakes involved in proceedings should not result in unnecessary long oral submissions or concurrent submissions: SC (See 'Legal Desk') LG Electronics has paused work on IPO of its Indian Unit, partly because of volatility in markets A&C - Notice invoking arbitration u/s 21 of Arbitration and Conciliation Act is mandatory and it is prerequisite to filing an application u/s 11: SC (See 'Legal Desk') CAG entered into agreement with IIM Kozhikode to enhance quality and impact of performance audits through improvements in stakeholder engagement National Commission for STs takes suo motu cognizance of Odisha incident (See 'Corp Brief') Alcoholic Beverage Maker’s body CIABC urged government to introduce uniform taxation and allow promotion of heritage spirits SARFAESI - Appeals filed against procedural orders of Debts Recovery Tribunal do not require pre-deposit as per Sec 18 of SARFAESI Act: SC (See 'Legal Desk') Minimum import price condition for certain synthetic knitted fabrics is not applicable for advance authorisation holders, EOUs and units in SEZ A&C - Once all liabilities & rights are transferred through merger approved by competent forum, arbitration clause contained in loan agreement executed between parties prior to merger can be invoked by third party: HC (See 'Legal Desk') ICAI is examining financial statements and statutory auditor’s reports of Gensol Engineering and its affiliate Blusmart Mobility for FY 24 Ayush and IISc collaborate to institutionalise integrative healthcare (See 'Corp Brief') ED has attached fresh assets worth more than Rs. 1500 crore as part of their money laundering investigation against Sahara Group A&C - Delivery of copy of Award to Power of Attorney holder, who has also represented party in arbitral proceedings, shall be due compliance with Section 31(5) of Arbitartion Act: HC (See 'Legal Desk') BANKBAZAR.COM, a Fintech platform focused on co-branded credit cards and credit score services, has entered into secured lending space with digital-first gold loan product IBC - CIRP cannot be stalled simply on ground of temporary cash flow problems : NCLT (See 'Legal Desk') Commission finds Apple and Meta in breach of Digital Markets Act; Fined Meta and Apple 700 million euros for violating EU Antitrust Rules Agrinnovate India pays dividend to Union Agriculture Minister (See 'Corp Brief') CCI clears Bharat Forge-AAM India Manufacturing deal with voluntary modifications (See 'Corp Brief') CCI cleared joint proposal of wealth management firm 360 ONE and Bharti Life Ventures to acquire stakes in Bharti Axa Life Insurance Company (See 'Corp Brief') Enforcement Directorate attached fresh assets worth 1,500 crores as part of money-laundering investigation against Sahara Group IBC - Penalty imposed can be reduced to period already under gone and suspension of appellant would be deemed to come to end from date of order: HC (See 'Legal Desk') CCI approves Kandhari's Rs 2,000-cr deal for Coca-Cola's bottling unit (See 'Corp Brief')

CORP EINSICHT

By Shweta Jain

SEBI's Current Focus - SECRETARIAL AUDIT

Published: Apr 25, 2025

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