BCCL issues legal notice to BARC; seeks Rs 431 cr damages, refund of licence fees adgully.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from adgully.com Daily Mail and Mail on Sunday newspapers.
Advisers doubt enforcement agency effectiveness to clamp down on abuses
Investment advisers and investor protection groups in the UAE have raised questions about the effectiveness of India’s enforcement agencies and regulators when it comes to corporate governance laws, in view of the increased fraud by promoters of listed companies.
The Registrar of Companies, the Securities and Exchange Board of India (SEBI), Bombay Stock Exchange, the Reserve Bank of India and the Prime Minister’s Office (PMO) have been blamed for failing to ensure companies comply with corporate governance law to protect investors.
“Though India has one of the most stringent and rigorous corporate governance laws in place, investors are taken for a ride by some corporates with [the] ‘right connection’ at high places,” said Jiten Puranmall, chartered accountant and legal consultant with JP Associates, Dubai.
SC admits mistake in agreeing to examine franchise scam pleas, asks victims to move HC
We had made a mistake by issuing notice in this.. We don t have a problem admitting our mistake, says bench comprising Justices A S Bopanna and V Ramasubramanian
PTI | February 8, 2021 | Updated 22:44 IST
Representational Image
The Supreme Court Monday said it made a mistake by agreeing to examine pleas for probe by multiple agencies in the franchise racket in which a number of people were allegedly cheated of an estimated Rs 30 crore. A bench headed by Chief Justice S A Bobde, which on November 2 last year had issued notice to the Centre and its agencies on three separate pleas against Westland Trade Private Limited , asked the petitioners to approach the jurisdictional high court with their pleas.
ET Politics NEWS
Powered by
Supreme Court asks franchise scam victims to move High Court, says made mistake in agreeing to examine pleas
SECTIONS
Supreme Court asks franchise scam victims to move High Court, says made mistake in agreeing to examine pleasPTI
Last Updated: Feb 08, 2021, 08:05 PM IST
Share
Synopsis
At the outset, the bench, also comprising Justices A S Bopanna and V Ramasubramanian, was told by lawyer Ashwini Upadhyay, appearing for Mahendra Singh Rana and 37 other victims of alleged the franchise racket, that the top court had agreed to examine itself the pleas and now the victims shouldn t be asked to go a high court.
HC orders inquiry into allegations of misappropriation of CSI funds
Updated:
Updated:
February 02, 2021 10:58 IST
The Church of South India (CSI) Trust Association owns properties worth several lakh crores of rupees across the southern parts of the country
Share Article
AAA
A man offering prayers at a a church in Chenai. File photograph used for representational purposes only | Photo Credit:
R. Ragu
The Church of South India (CSI) Trust Association owns properties worth several lakh crores of rupees across the southern parts of the country The Madras High Court on Monday directed the Registrar of Companies to conduct a fresh inquiry into allegations of misappropriation, mismanagement and misfeasance in the Church of South India (CSI) Trust Association, which owns properties worth several lakh crores of rupees across the southern parts of the country.