GNLU Gandhinagar allegedly violates own admission regulations: denies admission to successful CLAT 2012 candidate Donnie Ashok, on the ground that Ashok cleared his senior secondary school board examination in the second attempt. Ashok petitions to Ahmedabad HC, through educational trust IDIA. Court...

New SEBI norms tweak definition of QFI to include six gulf countries, all EC countries, and NRIs; Previously only Financial Action Task Force (FATF) members were QFIs [Business Standard] [ Circular] Lakshmikumaran & Sridharan tax partner Puneet Bansal leaves to become director at BMR Advisors, ...

India farthest from while France closest to absolute journalistic privilege to protect identity of source; UK qualifies privilege while US gives state-level “shield” [ TOI ] Non-taxability of P-notes is not coherent with logic behind taxing Vodafone. P-notes are derivatives whose underlying are shar...

SEBI in a catch-22: Tayals unbanned because offence of non-disclosure was “not grave enough”. What is the rationale of SEBI’s non-disclosure norms then? [ Mint ] SEBI allows listing of stock exchanges; 51% publicly held stakes, though not more than 5% for individual investor, and max 15% for banks, ...

Mad HC passes its first ever John-Doe order on Release day of Kolaveri-di-movie “3”; Ex-parte ad interim injunction operating against future defendants will ensure proactive prevention of 3’s copyright infringement by ISPs [ Spicy IP ] E-petition portal Change launches petition to support annulment ...

Information Technology Act convictions rise by 64 per cent as cyber crime convictions fall [ Medianama ] SEBI lifts March 2010 securities trading ban on Bank of Rajasthan’s former promoters – the Tayal family - who still face proceedings to determine monetary penalty for violating RBI norms on owner...

Chandigarh sessions court set to hang Punjab CM assassin who hasn’t asked mercy, initiates contempt against non-complying executioner [ First Post ] SEBI exempts IDBI bank from Takeover Code’s mandatory minority shareholder public-offer in bond to equity conversion, in the interest of capital adequa...

“Courageous” Pakistani media sees new fan in Katju [ IBN Live ] Del HC reinvents show cause notice procedure, asks Kalmadi to ‘gracefully’ quit else be served with notice [ TOI ] Goodies for property-less married women, separating couples and adopted kids in Marriage Laws (amendment) Bill [ India Lo...

SC dismisses last month’s review petition by taxmen against Vodafone [ Indian Express ] [ order ] Vodafone refund IA listed for Friday Inadequate existing rules on ownership of exchanges stand to gain from 16 month old Jalan committee recommendations [ Mint ] SEBI may allow listing of loss-makers, m...

Latest in Naz resurrected: SC is told 4 lakh men who have sex with men are AIDS infected; Fali Nariman holds 377 too stringent for husband-wife relations [ TOI ] Activist booked for defamation for publishing pre-published info against Sharad Pawar’s brother [ Mid-Day ] ITAT Special Bench lets Revenu...

The Bombay High Court has today ruled in favour of MCX Stock Exchange (MCX-SX), represented by J Sagar Associates (JSA) and Naik Naik & Co, against the Securities and Exchange Board of India’s (SEBI) decision to prevent MCX from trading in derivatives and other products.

Read the first judgment that follows SC’s Vodafone, by Bom HC’s Chandrachud J [ ITAT Online , Corporate Law Blog ] SEBI targets Veritas in garb of clamping down independent research analysts for prejudicial share trading [ Money Life ] CIC’s review of its own order, RBI’s disclosure of inspection re...

There exists a Mad HC judgment on copyright infringement by Nani palkiwala of Sampath Iyengar’s book “The Law of Income Tax” [ Tax Titans ] The tax bill that will go easy on individuals, tough on corporations – summarized [ PRS India ] [ Standing Committee Report’ ] SEBI doesn’t want the risk of wha...

Size of violator, habitual violation, and minimum consent amount to form part of consent order rules amended by SEBI to check insider trading et al [ ET ] What tweeting from court entails for journalists and, in other news, for jurors and convicts [ Press Gazette , Wall Street Journal ] US Attorney ...

SEBI on Adani exports’ insider trading: synchronized trading is illegal when done with an intent to manipulate stock prices [ Indian Corporate Law , Order ] Bloggers are authors not intermediaries, provisions go hand in hand with processes, taking-down content is wiser than being sorry and there are...

Vodafone tax saga: Is Advocate Sharma “reasonable person” or “biased person”? Salve says CJI Kapadia is “honest person” [ Mint ] ASG Malhotra’s 4 hour slamming of immoral AIDS-spreading gay sex Vs. other govt law officer insisting govt has no stand except that Attorney Gen may assist other appellant...

Tamil Nadu’s Rs 100 crore National Law School foundation stone laid [ The Hindu ] SC’s S.H Kapadia asks Vahanvati to show action taken against K.G Balakrishnan on NGO Common Cause’s PIL seeking probe into Rs 40 crore properties amassed by the ex-CJI [ ET ] Teesta Seetalvad not getting any closer to ...

Modi absolved: SC Special Investigation team smells rat in Sanjiv Bhatt’s story of Modi’s law-and-disorder meeting [ Deccan Herald ] Enforcement directorate set to FEMA Google India, with a little help from RBI [ ET (objectionable content even when Yahoo is not same as 20 other accused social-networ...

SEBI changes lock-in periods for preferential allotment of shares [ Press Release / Corporate law blog ] DIPP set to shield Indian gov’t from private party disputes in International forums by excluding bilateral trade pacts clause [ Mint ] WSJ interviews Vodafone tax law firm Dutt Menon Dunmorrsett ...

Shanti Bhushan gets fined Rs 27 lakh for evading Rs 1.35 crore worth of property stamp duty by Allahabad HC; Bhushan still denies [ Hindu ] TRAI today issued Telecom Consumers Protection Regulation, 2012, requiring operators to inform subscribers of amount deductible for each data usage session [ ET...