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Sebi Grants Exemption For J&K Govt From Making Open Offer Post Capital Infusion

Posted under Legal, Regulatory, by Pooja / 1 hour ago

Sebi has given an exemption to J&K government from making an open offer as per the takeover rules while infusing Rs 500 crore through a preferential allotment in the Jammu & Kashmir Bank Ltd. J&K Government is the promoter of the bank. According to Sebi norms, if the holding of the promoter increases above 5% in a fiscal year, it attracts the provisions of the take over rules.

Read more at The Money Control

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After 4 Years, Circle Rates To Go Up In Noida

Posted under Top Stories, Legal, by Pooja / 1 hour ago

The administration officials decided to notify the new circle rates on August 19. The circle rates in Noida, Greater Noida and parts of the district have largely remained unchanged since 2017 owing to the subdued marked condition. “The administration has carried out an exhaustive survey before taking a call on the hike,” said deputy inspector general of the stamp and registration department, Rakesh Kumar Srivastava.

Read more at Times of India

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Rajya Sabha Passes Limited Liability Partnership Amendment Bill

Posted under Top Stories, Compliance, Legal, Regulatory, by Pooja / 1 hour ago

The Rajya Sabha passed the Limited Liability Partnership (Amendment) Bill, which seeks to encourage the start-up ecosystem and further boost ease of doing business, amid uproar by the opposition on Pegasus snooping row and other issues. Finance Minister Nirmala Sitharaman moved the bill for consideration and passage. The bill was introduced in the House last week.

Read more at The Hindu

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60% Gap In Murders Reported By NHRC Committee & State Police : Jethmalani

Posted under Trending, Legal, by Gaurav Khandelwal / 12 hours ago

Senior Advocate Mahesh Jethmalani appearing on behalf of one of the petitioners argued that the evidence on record clearly show that there have been post poll violence in West Bengal and that victims have been repeatedly threatened to withdraw their complaints. Further strong objections were taken to the allegations of bias levelled against the NHRC committee members by the State.

Read more at Live Law

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"Name Mentioned In Suicide Note Must Be Probed With All The Seriousness"

Posted under Regulatory, Top Stories, Legal, by Gaurav Khandelwal / 13 hours ago

The Punjab and Haryana High Court has observed that if the person dying by suicide names some other person being responsible to force him/her to take the extreme step, his/her such statement is required to be taken up with all the seriousness.

Read more at Live Law