SEBI’s investigation into Nasir uncovered Rs17.2 crore in unregistered investment advisory income. Unmask the illusion of his financial success with SEBI’s findings
Cyber Security & Cyber Resilience framework for Stock Brokers/Depository Participants Stock brokers and depository participants perform significant functions in providing services to holders of securities. Thus, there is a need for maintaining robust cyber security and cyber resilience framework to protect the integrity of data and guard against breaches of privacy. A framework on cyber […]
The Long Title is a part of the Act and is admissible as an aid to construction. This has been held in various judicial pronouncements. It should be distinguished with the Short Title. It is a good guide regarding the object, scope or purpose of the Act. The Long Title although part of the Act is in itself not an enacting provision and though useful in case of ambiguity of the enacting provisions
A. LANGUAGE OF THE STATUTE SHOULD BE READ AS IT IS – The intention of the Legislature is primarily to be gathered from the language used. The words of a statute never should, in interpretation, be added to or subtracted from without almost a necessity.
Interpretation is crucial., and to understand how to arrive at that interpretation is imperative.
The evolving law in due course is seeing some settlement (not by virtue of Article 142 of the Indian Constitution though), but some imperative issues, still some require settlement, and certain others warrant immediate changes. Briefly discussed below are a few imperative judicial pronouncements.
In September, 2017, the Ministry identified 3,09,614 such directors associated with the non-compliant companies and they were barred from continuing as directors. Subsequent to this, a lot of hue and cry and representations followed from the industry, and as a result, Condonation of Delay Scheme, 2018 [CODS-2018]was proposed, and further put forward by the Ministry vide a Circular. This article shall discuss the Scheme in brief, and what possibly seems to have been missed in this New Year’s gift by the MCA.
MSME- an abbreviation of Micro, Small & Medium enterprises- is the pillar of economic growth in many developed, and developing countries in the world. Often rightly termed as “the engine of growth” for India, MSME has played a prominent role in the development of the country in terms of creating employment opportunities-MSME has employed more than 50 million people, scaling manufacturing capabilities, curtailing regional disparities, balancing the distribution of wealth, and contributing to the GDP.The government has introduced various schemes and aids to ensure the MSME lead a struggle free existence in the country, and also contribute, to the Indian Economy.
The Insolvency and Bankruptcy Code is a transformational piece of legislation as it seeks to establish an ecosystem for handling Insolvency & Bankruptcy issues. The Code received Presidential Assent on 28th May, 2016 when the landmark Bill introduced in the Lok Sabha in November 2015 finally became an Act.
No Budget can satisfy all expectations, much less aspirations. It would be judged on whether the preferred options and the balancing act are credible and compelling. The current state of the nation is of despondency and what is required is pushing the development agenda for India with increased vigor. There is a pressing need for […]
