It has been a year of oxymorons. Social “distancing”, home “isolation”, “virtual” handshakes, war with “invisible enemy”. Add to the list - “muted” Diwali. The noise may have been dull, but the lights were shining bright. An indication of how we are dealing with the pandemic. It is with the same positivity we present the 62nd edition of the Law Tree.
On 29th September 2020, the Central government notified the Foreign Contribution (Regulation) Amendment Act 2020 (Amendment Act) to amend some provisions.
These amendments were initiated in response to growing instances of organizations especially Non-government organizations (NGOs) misusing funds and or carrying on unlawful, anti-government activities using such funds.
A monthly update of the most significant cases on insolvency and bankruptcy and its resolution
The latest amendments to the Arbitration and Conciliation have received mixed reactions. The objective is to ensure that the award is not based on fraud or corruption.
October 23, 2020
Sensitizing general Public about Nidhi Companies
Nil
October 07, 2020
Interest Subvention Scheme for MSMEs – Co-operative banks
October 08, 2020
Exim Bank's Government of India supported Line of Credit (LoC) of USD 310 million to the Government of the Republic of Zimbabwe
October 09, 2020
Export Data Processing and Monitoring System (EDPMS) Module for ‘Caution/De-caution Listing of Exporters’ – Review
October 13, 2020
Submission of returns under Section 31 (read with section 56) of the Banking Regulation Act, 1949 - Extension of time
October 20, 2020
Inclusion in/exclusion from the Second Schedule to the Reserve Bank of India Act, 1934 - Regional Rural Banks (RRBs)
October 22, 2020
Framework for Recognition of a Self-Regulatory Organisation for Payment System Operators
October 22, 2020
Review of regulatory framework for Housing Finance Companies (HFCs)
October 01, 2020
Framework for monitoring of foreign holding in Depository Receipts
October 01, 2020
Relaxation in timelines for compliance with regulatory requirements
October 01, 2020
Circular on Review of provisions regarding valuation of debt and money market instruments due to the COVID - 19 pandemic
October 05, 2020
Standardization of timeline for listing of securities issued on a private placement basis
October 05, 2020
Circular on Review of Dividend option(s) / Plan(s) in case of Mutual Fund Schemes
October 05, 2020
Circular on Product Labeling in Mutual Fund schemes – Risk-o-meter
October 08, 2020
Circular on Guidelines on Inter Scheme Transfers of Securities
October 13, 2020
Standardisation of procedure to be followed by Debenture Trustee(s) in case of ‘Default’ by Issuers of listed debt securities
October 19, 2020
Utilization of Fund Created out of the Regulatory Fee Forgone by SEBI – Additional Guidelines
October 22, 2020
Contribution by Issuers of listed or proposed to be listed debt securities towards creation of “Recovery Expense Fund"”
October 22, 2020
Processing of applications for registrations of AIFs and launch of schemes
Nil
A simple case of a husband withdrawing money from an ATM using the wife’s debit card and PIN with her consent proved to be costly for a couple in Bangalore. Though the case was decided in June 2018, it is very much relevant for all times. A look at the case that shook up the public.
Apex Rulings look at other Supreme Court Judgments that have profound bearing on the society.
The recent tussle between Amazon Inc. and Future Group has gone all nuclear. Both the parties are currently aggressively defending their sides to safeguard their business entities and to survive the rough weather that has been self-created. In brief, the legal battle between Amazon and Future Group started as a result of Amazon raising an objection to a proposed deal that was recently signed between Future Group and Reliance Industries in which the Future Group signed an agreement to sell its assets to the latter.
The wrongful practice of taking advantage of the float, the time that elapses between the deposit of a check in one bank and its collection at another.
In the civil law,an ordinary judge; one who had the right of hearing and determining causes as a matter of his own proper jurisdiction , and not by virtue of a delegated authority.
To accuse; to charge a liability upon; to sue.To dispute, disparage,deny or contradict;as, to impeach a judgement or decreer impeach a witnesser as rule the jury cannot “impeach their verdict”.
An elected officeholder who is to be succeeded by another, between the time of the election and the date that his successor is to take office.A speculator in stock who has overbought and cannot meet his commitments.
Kamala Harris: First female, Indian origin Vice President of USA
Rs. 2 Lakhs Crores for 10 manufacturing areas
Based on the true story, the movie is a poignant legal drama revolving around the brilliance of a junkie lawyer and dismal state of the health care system in the United Sates.
Michael “Mike” Weiss (Chris Evans) and Paul Danziger (Mark Kassen) are friends and struggling partners of a small-time law firm in Houston. While Paul is serious, practical, and family oriented, Mike is a polar opposite – brilliant, drug addict and completely out of control.
They take up the case of an ER nurse – Vicky Rogers (Vinessa Shaw) who contracts HIV/AIDs after being accidentally pricked by a contaminated needle on the job. She eventually dies. In hospital parlance, such injuries are called needlestick injury or needlestick. Vicky informs the duo that her friend has invented a retractable needle that will not infect another person. Mike investigates into the case and finds out that hospital organizations are reluctant to purchase retractable needles owing to high production costs. He further finds out that there is a hospital -pharmaceutical nexus / bribery racket. As a result, the nursing staff are in risk. Fearing backlash, healthcare giants hire top notch lawyers to defend them in the case. Meanwhile, due to heavy pressure, lack of funds and Mike’s addiction, the relationship between friends/ law partners is on the brink. While Paul wants to finalize an out of court settlement with the defence team, Mike thinks otherwise. His legal brilliance and ethic do not permit him to accept defeat. Mike is implored by Vicky’s friend to not give up and fight for the cause as the unhealthy practice of using contaminated needles is spreading diseases such as HIV, Aids & Hepatitis around the world.
Mike then challenges the defence team that he will find out all those who are affected and bring justice, only to be found dead due to overdose the next day. This opens Paul’s eyes who then takes up the case in court and fights it alongside another noted attorney to bring a settlement from the nation’s largest medical supply manufacturer for over $150 million. As a result, thousands of hospitals in U.S since have been using safety needles.
The movie had power packed performances from the star cast especially Chris Evans who is otherwise famous as ‘Captain America’. A brilliant portrayal as a brilliant druggie lawyer. The movie was one of the spotlight films for the 2011 Tribeca Film Festival, New York. A must watch.
The very latest from the best-selling crime /detective author of over 35 novels and 1 non-fiction, the novel weaves a story where the central character Mickey Haller, the lawyer himself becomes the suspect.
Defence attorney Mickey Haller is intercepted by police who find a dead body in the trunk of his car. Immediately, Haller is arrested and thrown into jail. Haller realizes he has been framed and decides to act as his own attorney. Along with his team including the trusted Harry Bosch, they must find out who and why did this to him. Then prove his innocence in the Court.
A sequel to “the Good Wife” which enjoyed a run time of 7 years till 2016, the Good fight takes a look a the life of the protagonist Diane Lockhardt when she becomes a partner of an African – American law firm which deals with police brutality cases in Illinois. The season deals with her and two other female partners who join the firm after being involved in a financial scam. Each episode deals with issues such as online harassment and the me-too movement and the like. An ensemble cast with an engaging story line from politics to yellow journalism.
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