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Legal Era
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From Legal Era
Co-operative banks come under RBI as President clears ordinance
The Centre has brought urban and multi-state cooperative banks under the direct supervision of the Reserve Bank with President Ram Nath Kovind promulgating the Banking Regulation (Amendment)...
Yes Bank case: SC dismisses anticipatory bail plea of DHFL promoters
The Supreme Court has declined to entertain pleas seeking anticipatory bail for DHFL promoters Dheeraj Wadhawan and Kapil Wadhawan in a money laundering case of Yes Bank under investigation by the...
ISKCON is a well-known trademark; apparel company cannot use it: Bombay HC
The Bombay High Court has ruled that the trademark ISKCON used by the religious organisation International Society for Krishna Consciousness (the organization/Plaintiff) is a ‘well-known mark’ and...
SC seeks ICAI response to PIL challenging opt-out option
The Supreme Court on June 26 sought a response from the Institute of Chartered Accountants of India (ICAI) on a petition challenging its notification giving an “opt-out” option to aspirants in the...
Delhi HC asks as to why and how depositors of PMC Bank are different from those of YES Bank; RBI and Centre to file affidavits
The Reserve Bank of India (RBI) and the Centre have been directed to file additional affidavits by the Delhi High Court on causes that propelled the constitution of the YES Bank Reconstruction Scheme,...
SEBI allows more option in pricing of preferential issue
The Securities and Exchange Board of India (SEBI) on 25 June announced provision of an additional option to the pricing methodology for preferential issuance. The SEBI Board took the decision to...
Delhi HC asks govt to act against hospitals not adhering to guidelines
The Delhi High Court on June 25 directed the Centre and Delhi government to act against hospitals that are not providing real-time updates on availability of beds for treating COVID-19 patients and...
Emerging Pandemic Effect: Upsurge in the Sale Of Counterfeits
Sale of counterfeits of essential medical supplies such as spurious drugs and medicines, surgical masks, diagnostic kits, ventilators, and other essential medical devices and appliances has been seen...
RBI tightens norms for online lending
The Reserve Bank of India (RBI) has come to the rescue of online borrowers who are subjected to exorbitant interest rates, non-transparent methods to calculate interest, harsh recovery measures,...
CCI approves Facebook stake acquisition in Jio Platforms
The Competition Commission of India (CCI) has approved the acquisition of 9.99 per cent stake in Jio Platforms by Facebook entity, Jaadhu Holdings LLC. Jaadhu is a newly incorporated company formed in...
Co-operative banks to come under the ambit of the RBI
The Centre has decided to bring urban and multi-state cooperative banks under the direct supervision of the Reserve Bank of India to protect depositors in these financial institutions.The Union...
Tata Sons likely to induct Noel Tata as Director as part of restructuring plan
Noel Tata is likely to be inducted as a Director on the board of Tata Sons, the holding company of all Tata Group firms as part of a restructuring plan. The move comes after Noel Tata was appointed as...