ETLegalWorld

Get ready for the 2nd Edition of the Economic Times Global Legal Convention & Awards 2024! Join top legal minds in Mumbai to explore AI-driven strategies, cybersecurity, regulatory changes, and leadership in the digital age. Don’t miss out on shaping the future of legal excellence! Register Now - https://bit.ly/4dbOslI

The National Company Law Tribunal (NCLT) has approved the merger of HT Mobile Solutions Limited with HT Media Limited, effective April 1, 2020. This follows a successful appeal by the company against an earlier NCLT rejection, which was based on lack of shareholder approval from one of the transferor companies. Read more at: https://lnkd.in/gM3ixUMw #ETLegalWorld

Religare has nominated Kirtane & Pandit LLP (KPCA) as their new statutory auditors for a three-year term, succeeding S.P. Chopra & Co. KPCA, a globally recognized accounting and consulting firm with over 65 years of experience, is registered with ICAI and is a member of PCAOB, SEC, USA. Read more at: https://lnkd.in/gb3ayRkj #ETLegalWorld

The Securities and Exchange Board of India (Sebi) has issued a clarification after queries have been raised in various news articles about the obligation of digital platforms to get recognition as a Specified Digital Platform. Read more at: https://lnkd.in/gFKKEGWu #ETLegalWorld

GB Global and Dev Land & Housing Private Limited will merge. The merger plan was approved by GB Global's board. The merger awaits approval from the National Company Law Tribunal, Mumbai Bench. The merger aims to consolidate businesses and reduce costs. Read more at: https://lnkd.in/g7q4mRjK #ETLegalWorld

The Income Tax Appellate Tribunal ruled in favor of Xchanging Solutions Limited.  The tribunal canceled a demand of ₹ 84,69,990. This resulted in a significant tax relief of ₹ 3,11,42,947. The company will also receive interest income of ₹ 2,01,71,234. However, the revenue department's appeal is pending in the Karnataka High Court. Read more at: https://lnkd.in/gCHAmy-B #ETLegalWorld

#ETLegalWorldOpinion | India's agricultural sector needs robust intellectual property rights (IPR) protection to incentivize technological innovation. A legal battle between TAFE and AGCO over the Massey Ferguson trademark highlights the importance of strong IP enforcement. The case's outcome will significantly impact India's agricultural future and its ability to attract investment in agricultural technologies. Read more at: https://lnkd.in/g9biW96A Dr. Ashish Bharadwaj #ETLegalWorld

Entities linked to Adani Group have sought a settlement with Sebi over alleged public shareholding norm violations. They filed settlement applications following a show cause notice from Sebi. These actions involve key figures, including Vinod Adani, and four listed companies: Adani Enterprises, Adani Power, Adani Ports, and Adani Energy Solutions. Sebi's investigation dates back to 2020. Read more at: https://lnkd.in/g-E3ianE #ETLegalWorld

The RBI has lifted the restrictions on Navi Finserv for loan sanctioning and disbursal, following rectification of deficiencies in its pricing policy. After several interactions and process revamps, Navi Finserv has committed to adhering to regulatory guidelines, ensuring fairness in loan pricing and maintaining high governance and operational standards. Read more at: https://lnkd.in/gjtspnC5 #ETLegalWorld

Glas Trust challenges the maintainability of Byju's insolvency withdrawal application, arguing it should be submitted by the IRP before CoC formation. They assert the correct procedure was not followed, as the CoC's decision is non-binding and the application should have been placed before the tribunal. Read more at: https://lnkd.in/gtRurSBY #ETLegalWorld