Don't cite 2018 circular to warn against crypto investment, RBI tells banks
The clarification comes as media reports suggested that certain banks and regulated entities have cautioned their customers against dealing in virtual currencies (VCs) by making a reference to the RBI circular DBR No.BP.BC.104/08.13.102/2017-18 dated April 6, 2018.
GST should be citizen-friendly, provisional attachment draconian: SC
A bench comprising Justices D.Y. Chandrachud and M.R. Shah said: "The Parliament had intended the GST to be a citizen-friendly tax structure... the purpose of the Act is lost in the manner in which it is enforced in our country."
Shares of Tata Group firms surge after SC verdict against Mistry
The Supreme Court on Friday accepted all contentions of the Tata Group and set aside the order of the NCLAT, which restored Cyrus Mistry as the executive chairman of the Tata conglomerate. A bench headed by Chief Justice S.A. Bobde said all questions of law are in favour of Tata Group and dismissed the appeals filed by Mistry. The top court upheld the Tata Sons decision to sack Cyrus Mistry on October 24, 2016.
Plant closure: Supreme Court declines Vedanta's plea for early hearing of appeal
As the Tamil Nadu government had filed a special leave petition in the top court for expunging certain remarks in the Madras High Court order, a bench headed by Justice R. F. Nariman and comprising Justices Navin Sinha and K. M. Joseph admitted it and tagged it with the main matter.
FTMF Funds Closure: CFMA moves Supreme Court on SEBI for not naming observer for voting
The CFMA said that though the Supreme Court order was passed on December 9, there have been no apparent steps taken by the SEBI to appoint an observer. "The voting is scheduled to commence tomorrow (Saturday) and there is no update about the observer and his/her co-ordinates, including email and contact information."
'Nonsense', 'Oppression': Tata, SP Groups' battle rages on in SC
Senior advocate Harish Salve, representing Tatas, opposed the SP Group's proposal that its stake, which it estimates at Rs 1.75 lakh crore, be swapped with the shares in the Tata Group listed companies.