Capital markets regulator Sebi on Tuesday barred five brokerage houses for up to six months from making fresh applications seeking registration as commodity brokers as they failed to meet 'fit and proper' criteria in the NSEL case. The affected brokerage houses include India Infoline Commodities, Anand Rathi Commodities and Geofin Comtrade (banned for 6 months each), and Phillip Commodities and Motilal Oswal Commodities Broker (for 3 months each). "There were enough red flags for a reasonable person to come to conclude that what was being offered as paired contracts on NSEL were not spot contract in commodities," Sebi said in five separate orders.
HeidelbergCement has decided to move the Securities Appellate Tribunal challenging the directive of the Securities and Exchange Board of India.
The Telecom Disputes Settlement and Appellate Tribunal has wrapped up hearings on the government policy allowing fixed-line telephone firms to offer cheaper limited mobility services and will rule later on the issue.
The central government will soon appoint two members in the Securities Appellate Tribunal to complete the quorum by March end.
In a disciplined force like the Indian Army seniority has all the importance, the Supreme Court said while commuting the life sentence of a non-commissioned officer held guilty for killing his colleague during an altercation over seniority.
Supreme Court on Tuesday upheld a Telecom Dispute Settlement Appellate Tribunal order directing the Government to refund the interest on licence fee collected by it from four operators
Cellular service providers have proposed a compromise formula to avoid breakdown in peace talks with basic operators.\n\n\n\n
The Telecom Dispute Settlement and Appellate Tribunal has refused to give an interim order against Reliance's proposed roaming facility on WLL phones as the telecom regulator Trai said it was examining Reliance's reply.
TDSAT has adjourned for a day the hearing on a petition filed on interconnect filed by cellular operators against basic players offering WLL.
The counting of votes in Delhi election 2020 is currently underway. Early trends suggest that Aam Aadmi Party is on course to a victory. The victory is befitting as February 11 -- is also Kejriwal's wife Sunita's birthday.
In a setback to Tata Power, the Supreme Court on Wednesday dismissed the company's challenge to the Maharashtra Electricity Regulatory Commission's (MERC's) decision to award a Rs 7,000-crore transmission project near Mumbai on a nomination basis to Adani Electricity. The court upheld the order by the Appellate Tribunal for Electricity (APTEL) in this case and directed all State Electricity Regulatory Commissions to frame guidelines on tariff determination in accordance with Section 61 of the Electricity Act and the national policy. The verdict has implications for the Mumbai power market, said Ashok Pendse, an energy expert based in the city.
Prime Minister Narendra Modi on Wednesday underscored tax reforms of the past six years to say India has moved from tax terrorism to tax transparency. Speaking at the inauguration of an office-cum-residential complex of the Income Tax Appellate Tribunal at Cuttack, Modi highlighted the reduction in the corporate tax rate, simplified rate structure for individual taxpayers, faceless appeals and quick refunds.
Sebi has strengthened Arora's credentials at the cost of its own, says N Mahalakshmi
The Securities Appellate Tribunal has adjourned the first hearing of National Securities Depository Ltd's appeal against Sebi's interim order on the IPO scam as the market regulator could not hire a senior counsel to argue its case.
The Supreme Court on Thursday delivered a judgement giving ITC a relief of Rs 803 crore (Rs 8.03 billion) on account of excise duty
In a setback to the telecom regulator, the Telecom Dispute Settlement and Appellate Tribunal has barred TRAI from intervening in any dispute arising between two operators on the terms and conditions of interconnection.
The Central Excise and Service Tax Appellate Tribunal ordered the BCCI pay Rs three crore interim payment towards service tax dues.
A high-powered group of ministers on Thursday decided to go for a unified licence regime for telecom services, a move seen to resolve the ongoing battle between basic and cellular operators on limited mobile services.
Market regulator Securities and Exchange Board of India will soon appeal to the Supreme Court against the Securities Appellate Tribunal's order directing Chhabrias to make an open offer to shareholders of Herbertsons Ltd.
With the hotting up of the telecom and broadcasting sector due to entry of more and more players, legal disputes in the field are bound to increase, Justice Santosh Hegde, who took over as chairperson of TDSAT, said on Monday.
TRAI said it will submit recommendations on the TDSAT's directive to work out a level playing field between the cellular and basic operators offering wireless in local loop services, to the government in 2-3 months.
A bill to amend the Money Laundering Act, 2002 by allowing the appointment of the chairperson and a member of an Appellate Tribunal, was introduced by Finance Minister P Chidambaram in the Lok Sabha on Friday.
Notwithstanding record revenues in certain media sectors like film exhibition in the July-September quarter (second quarter, or Q2), the operational performance of the broadcasting business remained subdued. Zee Entertainment Enterprises and Sun TV are expected to experience a year-on-year (Y-o-Y) decline in advertising (ad) revenues during this period. Conversely, box office (BO) collections are anticipated to exceed Rs 3,000 crore in the quarter, propelled by a series of successful movie releases.
The Tax Tribunal has held that canteen/ catering services provided by a company to its employees are not eligible as 'input services' under the law.
The Securities Appellate Tribunal has suggested setting up of an Advance Ruling Authority in the capital market headed by a High Court Judge with its order binding on the Securities and Exchange Board of India.
Reliance Infocomm on Thursday got a temporary relief from paying Rs 150 crore (Rs 1.5 billion) penalty imposed by the government on charges of illegal routing of international calls, with the telecom dispute appellate tribunal TDSAT directing that th
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