CORPORATE LAWS UPDATES / AMMENDMENTS :

10:44 pm

CORPORATE LAWS:

1. Govt. to launch social security scheme, ' NIRAMAYA' for disabled persons to cover medical treatment upto Rs. 1 lakh.

2. SEBI releases discussion paper on overseas investments by 'Venture Capital Funds' and 'Alternative Investment Funds'.

3. Alleged market manipulation by shareholders doesn't lead to suspension of trading of company.
SEBI : As a market regulator, SEBI is bound to take action against those who have prima facie indulged in market manipulation and it is not open to SEBI to direct Stock Exchanges to suspend the trading in securities of companies if they satisfy certain parameters fixed by SEBI which have no bearing whatsoever with alleged market manipulation.

4. Govt. allows 49% FDI in Pension Sector.

5. Borrower can’t file FIR against authorities of financial institution with sole intent to avoid repayment of loan.
SARFAESI: Where respondent filed criminal complaint against authorities of financial institution with sole intent to avoid payment of loan, FIR registered against those authorities was to be quashed.

6. SEBI has taken action against 112 entities for issuing non-convertible securities in violation of applicable norms.

Source : taxmann

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