The POSH Act, 2013 Is IC The Right Forum To Implement The Act?

This article gives an overview of the law and points out areas where there is lack of legislative clarity which could do with changes… It took 16 years for Parliament to implement the directions of the Supreme Court of India issued in 1997 in the prominent case of “Visakha vs. State of Rajasthan” to enact […]

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Rs 2,500 Crore expected to be raised via Bandhan Bank IPO

On January 2, Bandhan Bank, Kolkata-based private sector lender filed draft papers with SEBI for its Initial Public Offer (IPO) to raise an approximate guessed amount of over Rs 2,500 crore. The lender said, “Bandhan Bank Ltd has filed a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for […]

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AAP MLA’s plea against their disqualification to be heard: Delhi HC

Seeking for justice, the 20 disqualified Aam Aadmi Party (AAP) MLAs have moved Delhi High Court against their disqualification. The Election Commission called for their disqualification for holding office of profit. On January 22, after the AAP MLAs withdrew their earlier petition in the High Court seeking a stay on the Election Commission’s (EC) recommendation […]

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Plea By Rajasthan, Madhya Pradesh Govts to ban Padmaavat rejected: SC

On January 23, the Supreme Court dismissed the review petitions by Rajasthan and Madhya Pradesh governments seeking ban on the release of Sanjay Leela Bhansali’s Padmaavat on January 25 in their respective states. Headed by Chief Justice Dipak Misra, the bench declined to accept their request to reconsider its earlier order on law and the […]

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Mobile calls, net surfing while flying now allowed: TRAI

On January 19, the Telecom Regulatory Authority of India (Trai) allowed air travellers in India and also those flying over the country to have access mobile and internet services on-board flight, thereby allowing In-Flight Connectivity (IFC). In order for the airlines to make use of this allowance, and offer it to its customers, they must […]

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New CEC, Om Prakash Rawat appointed by President

On January 22, the Union Law Ministry stated that the next Chief Election Commissioner elected is Om Prakash Rawat, just a day before the current incumbent Achal Kumar Joti quits charge. In place of Om Prakash Rawat, Former Finance Secretary Ashok Lavasa was appointed as an Election Commissioner to that would have arisen in the […]

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Online platform for sale of NPAs to be set up: RBI

In a suggestion made at the inauguration of ‘Assocham Arcon 2018 – ARCs: Emerging avatar in new distressed landscape’, Reserve Bank of India’s (RBI) Deputy Governor Viral Acharya implied that asset reconstruction companies, banks and other credit rating agencies could come together to set-up an online platform for sale of NPAs (Non-Performing Assets) in India. […]

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Godrej PE arm to buy new Vernon’s IT Park for Rs 400 crore

Godrej Fund Management, the private equity real estate arm of Godrej Group, is set to buy US-based private equity firm New Vernon Capital’s IT park at Thane for Rs 400 crore. “Both the parties have entered the last lap of the deal conclusion. Currently, the final leg of due diligence is going on and the […]

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DEBT FUNDING THROUGH NBFCs

With liberalization of the legal regime regulating foreign direct investment (“FDI”) in financial services and continuing restrictions under the FDI route on directly infusing debt in Indian companies, foreign investors are actively looking to set up or acquire existing NBFCs and use such NBFCs to further lend to or invest in Indian companies India’s non-banking […]

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