POWERGRID records PAT of Rs 15,573 crores (See 'Corp Brief') Companies Act - Petitioner is liable to be tried as petitioner under garb of petition is trying to get proceedings quashed although on different grounds : HC (See 'Legal Desk') PMLA - For import advance taken but not repaid, property of accued is rightly attached as it is covered within definition of Proceeds of crime u/s 2(1)(u) of PMLA : TRIBUNAL (See 'Legal Desk') Drugs and Cosmetics Act - In absence of necessary averments prosecution against Directors of company cannot be permitted to continue : HC (See 'Legal Desk') IICA, MCA hold inter-ministerial workshop on 'Responsible Business Conduct in India' (See 'Corp Brief') IBC - No writ petition is maintainable challenging interim orders of Arbitral Tribunal and same can be challenged only in Section 34 proceedings : HC (See 'Legal Desk') NTPC gets global recognition for Talent Development (See 'Corp Brief') PMLA Act - Since warrant has been issued by Court but applicant is not appearing therefore not entitled to anticipatory bail : HC (See 'Legal Desk') Competition Act - Once buyer purchases product from seller at given price, it cannot insist to avail benefit of any future discount which may be offered on such product by seller : CCI (See 'Legal Desk') ULIP workshop brings States together to enhance India's Logistics (See 'Corp Brief') Companies Act - Winding up proceedings pending before High Courts, which are at nascent stage ought to be transferred to NCLT : HC (See 'Legal Desk') AG Venkataramani addresses Annual Day commemoration of Competition Commission of India (See 'Corp Brief') Arbitration Act - Court does not have jurisdiction to entertain petition in absense of exclusive jurisdiction clause or otherwise as seat of arbitration is at place where arbitration is conducted : HC (See 'Legal Desk') Land Acquisition Act - Acquisition of land has been made contrary to purposes for which it can be acquired under Land Acquisition Act, 1894 : HC (See 'Legal Desk') DoT trained 350 in month-long 5G course (See 'Corp Brief') PMLA - If accused appears before Special Court pursuant to summons, he shall not be treated as if he is in custody and it is not necessary for him to apply for bail : SC (See 'Legal Desk') Constitution of India - Action of refusing to forward petitioner's application for deputation as also denial of NOC to join respondent as Executive Director is arbitrary : HC (See 'Legal Desk') NTIPRIT conducts workshop on 'Global Standards & IPR' (See 'Corp Brief') SARFAESI Act - No civil court can exercise jurisdiction to entertain any suit or proceeding in respect of any matter which DRT or DRAT is empowered by or under Act : HC (See 'Legal Desk') Copyright Act - Impugned Copyright is evidently a substantial reproduction of the Petitioner's copyrighted work, bordering on a colourable imitation : HC (See 'Legal Desk') MP Tourism to set up Museum in Bhopal (See 'Corp Brief') FERA - Appellant can not be absolved merely on basis of his denial about arranging foreign exchange transaction overseas when seized documents and explanation offered by concerned persons estabish his involvement : Tribunal (See 'Legal Desk') PMLA - Application seeking interim bail on ground of surgery of wife can be disposed of as date of surgery has not yet been fixed : HC (See 'Legal Desk') Arbitration Act - Ad-interim injunction can be granted and Respondents be restrained from taking any action which would result in disruption in credit card services through use of licensed software : HC (See 'Legal Desk') Adani Energy completes acquisition of Essar's Mahan-Sipat Transmission assets (See 'Corp Brief') Arbitration - Since settlement has not worked out Court decided to refer matter to arbitration : HC (See 'Legal Desk') SEBI Act - Considering receipt of settlement amount by SEBI and fulfilment of non-monetary term of settlement, adjudication proceedings initiated against Applicant can be disposed of : SEBI (See 'Legal Desk') PMLA Act -Without discussion as to how property is involved in money laundering conclusions recorded by Adjudicating Authority cannot sustain : Tribunal (See 'Legal Desk') Power Finance Corporation announces Highest Annual Profit (See 'Corp Brief') SAFEMA - Appellant have furnished evidence which show satisfactorily that they took all reasonable steps to realise export proceeds : Tribunal (See 'Legal Desk') Companies Act - Winding up petition can be dismissed when contentions raised by parties constitute triable issues as Company Court cannot enter into adjudication of disputed facts of amount due and payable : HC (See 'Legal Desk') Competition Act - In absence of any apparent anti-competitive conduct, decision of purchase or sale of product and quantity thereof is driven by commercial considerations of market players : CCI (See 'Legal Desk')

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Master Circular for Infrastructure Investment Trusts (InvITs)

Place: Mumbai

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Certification requirement for key investment team of manager of AIF

Place: Mumbai

Date: May 13, 2024

Author: TIOLCorplaws News Service


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