Month: February 2017

Axis Bank Vs. SBS Organics Private Ltd & Anr

AXIS BANK V SBS ORGANICS PVT. LTD & ANR Subject matter: Whether the amount deposited by the appellant with Debt Recovery Appellate Tribunal can be refunded upon the withdrawal of appeal under Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. Brief facts: An appeal under Section 18 of The Securitisation …

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LIABILITY OF INTERMEDIARIES UNDER INFORMATION TECHNOLOGY ACT, 2000

INTRODUCTION Intermediaries are widely recognized as essential cogs in the wheel of exercising the right to freedom of expression on the Internet. Most major jurisdictions around the world have introduced legislations for limiting intermediary liability in order to ensure that this wheel does not stop spinning.[1] Intermediaries are entities that provide services enabling the delivery …

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Ministry of corporate affairs (MCA)

A. Companies (Incorporation) Amendment Rules, 2017 On 25th January, 2017, the Central Government of India, in exercise of powers conferred under section 469 read of the Companies Act, 2013 has notified the Companies (Incorporation) Amendment Rules, 2017. Such rules have been made effective from 30th January 2017. Under the above-mentioned rules following changes have been …

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Securities and Exchange Board of India (SEBI)

A. Securities and Exchange Board of India (Foreign Portfolio Investors) (Amendment) Regulations, 2017 On 12th January 2017, SEBI has issued a notification amending the SEBI (Foreign Portfolio Investors) Regulations, 2014. Under the said notification following changes have been made: Regulation 21 – Investment restrictions: Sub-regulation 1(a) – for the words “Securities in the primary and …

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Reserve bank of India (RBI)

A. Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Fifteenth Amendment) Regulations, 2016 Vide its notification dated January 10, 2017, RBI has made the following amendments to the in the Foreign Exchange Management (Transfer or issue of Security by a Person Resident outside India) Regulations, 2000: Regulation 2 – …

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