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SUO LAW

Owner of 4 companies and Chanda Kocchar’s husband prosecuted by RoC

Chanda Kochar’s husband who is the owner of four companies is being prosecuted recently by Registrar of Companies (RoC), which includes Pacific Capital Services Pvt Ltd, Chanda Urja Private Ltd and Supreme Energy. This is an outcome of a move after the regional MCA office in Mumbai held that the …

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WhatsApp sends cease and desist letters to bogus companies in India

Companies in India claiming that they can aid people in sending out bulk messages on WhatsApp have been  warned to cease operations by the Facebook-owned messaging app on Thursday. It has recently been highlighted how political activists and digital marketers are bypassing restrictions on forwards with the help of counterfeit versions of …

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Indians likely to benefit as US unveils new immigration policy

In a pathbreaking policy speech US President Donald Trump is geared up to announce a new proposal to refurbish the United state’s immigration policy that would give preference to foreigners based on merit rather than the present system that gives preference to family ties. This is being seen as a move that could end …

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NCLT directs SEBI to de-attach corporate debtor’s properties

The Principal Bench of the National Company Law Tribunal (NCLT) has directed market regulator Securities and Exchange Board of India (Sebi) to de-attach the properties of a corporate debtor which were attached during the execution proceedings. “Sebi is directed to de-attach the properties of the corporate debtor and hand over …

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INDIA and DENMARK to be top investment destination and POLAND a promising market in the next 10 years

The researcher of Fitch Solutions forecast in their research contends that the Indian Government’s drive to increase renewables capacity will see the country’s installed capacity more than double by 2028. Denmark’s move to an auction system and government plans for offshore capacity additions means it will steady growth in the …

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Notice issued by SC to Centre for petition seeking regulation of content on Netflix, Amazon Prime

The content featured on OTT platforms like Netflix, Amazon Prime and Hotstar is being petitioned to be regulated by Centre in accordance with which, a notice was issued by the Supreme court of India . A similar plea was dismissed earlier on February 8, 2019 by Delhi High Court.  The …

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NCLAT Refuses Ramco’s appeal against Spicejet

In May 2013, Ramco’s entered into an aviation software solution agreement with spicejet, followed with certain changes in July 2014. Ramco to move from the National Company Law Appellate Tribunal (NCLAT) to a court of competent jurisdiction for appropriate relief. An appeal filed by the Ramco system against Spicejet on …

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UP-Rera to acquire abandoned projects

The estimated number of deserted projects in the state’s NCR cities is more than 100. Keeping these numbers in mind Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has resolved to acquire the projects which have been abandoned by builders’ midway and whose completion date has expired. On Thursday, officials of …

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Etihad Submits a bid for a minority stake, raising hope for Jet

Etihad Airways submitted a binding bid to retain a minority stake in Jet Airways, raising fresh hopes for the revival of Jet Airways. Currently, Etihad owns 24% in Jet Airways, under the current rule, it can take this to 49%. Friday was the last day for submitting its sealed bids …

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Vodafone promises 100% stake In Voda-Idea with foreign Banks

Vodafone and idea merged their business last year in order to create India’s largest telecom company. There biggest chunk of shares that is 11.13% is with Euro Pacific Securities. The merger is done with an intention to take on competition posed by Mukesh Ambani’s Reliance Jio. Vodafone Plc  pledges  100% …

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