Monthly Archives: February 2013

Hon’ble Supreme Court Dismisses Harish Dhanda’s Appeal over his PPSC Appointment

By Rudrajyoti N. Ray, Associate The Hon’ble Supreme Court of India in the recently concluded matter of State of Punjab Vs. Salil Sabhlok & Ors. (Civil Appeal No. 2685 of 2012; Civil Appeal No. 7640 of 2011; Civil Appeal No. … Continue reading

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Hon’ble Supreme Court of India Considers Public Prosecutors to be Eligible for District Judiciary Posts; Clarifies the Restrictions Under Rule 49 of the BCI Rules

By Nazish Alam, Partner A 3-judge bench of the Hon’ble Supreme Court of India (consisting of Hon’ble Mr. Justice R.M. Lodha, Hon’ble Mr. Justice Anil R. Dave and Hon’ble Mr. Justice Ranjan Gogoi) while deciding the matter of Deepak Aggarwal … Continue reading

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Sensitization of Authorized Dealers – Directions by the Reserve Bank of India

By Nitesh Tiwari, Associate  The Reserve Bank of India (“RBI”) has been empowered to compound offences defined in Section 13 of the Foreign Exchange Management Act, 1999 (“FEMA”). Compounding of offences under the FEMA refers to the process of voluntarily … Continue reading

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Competition Commission of India: Northern India Motion Pictures Association shall cease Cease and Desist from Pressurizing Distributors to Settle Monetary Disputes with its Members.

By Krushi N. Barfiwala, Partner The Competition Commission of India (“CCI”), vide order dated January 10, 2013 has directed the Northern India Motion Pictures Association (“NIMPA”) “to cease and desist from the practices of pressurizing the distributors to settle the monetary … Continue reading

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Health Insurance BAP Applications – Third Party Administrators to Procure Digital Signatures under Directions Issued by the IRDA

By Nitesh Tiwari, Associate The Insurance Regulatory and Development Authority (“IRDA”) has issued directions to all Third Party Administrators (“TPA”) to procure Class II or Class III Digital Signatures (“DS”) to enable web-based online submission of applications by companies for … Continue reading

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External Commercial Borrowings Policy – Inclusion of Hotel Sector

By Nitesh Tiwari, Associate The Reserve Bank of India (“RBI”) through its circular dated January 21, 2013 being circular number RBI/2012-13/387
A.P. (DIR Series) Circular No.78 (the “Circular”) has allowed companies in hotel sector to avail External Commercial Borrowings (“ECBs”) for … Continue reading

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Hon’ble Supreme Court Issues Assorted Directions for Proceedings under the NDPS Act

By Rudrajyoti Nath Ray, Associate It has been repeatedly stressed that cases under the Narcotics Drugs and Psychotropic Substances Act, 1985 (“NDPS Act”) should be tried as early as possible because in such cases, accused are, generally, not released on … Continue reading

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