The Finance Act 2012 retrospectively brings indirect share transfers under it’s ambit after presidential assent to Finance Bill 2012 [The Hindu Businessline]

Comms and tech subcommittee of US Congress will hear international proposals to regulate the internet tomorrow [Notice of Hearing] [Link to Webcast]

London-based investor TCI will arbitrate against Indian gov’t for violation of BIPA and will sue Coal India separately; Says minority shareholders in Coal India were abused, whereas gov’t interference in coal pricing was discriminatory [The Hindu Businessline]

Bom HC issues notice to gov’t after PIL that claims petrol price hike was ultra vires the constitution because lacked parliament’s approval [NDTV]

SC’s vacation bench of Singhvi and Mukhopadhyaya pulls up gov’t for not disposing toxic waste lying in Union Carbide India’s factory for last 28 years [Law et al News]

Delhi trial court dismisses Facebook India’s plea to have its name removed from list of respondents in the petition against objectionable content on Facebook.com [Firstpost]