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India: RBI Permits Sponsor Contributions to AIFs in Gift City

India: RBI Permits Sponsor Contributions to AIFs in Gift City
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Infosys Insider Trading: SEBI bans 8 Entities from Markets, Imposes Penalty of Rs3.06 Crore

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In an interim order, the Securities and Exchange Board of India (SEBI) has banned eight entities and individuals from trading in the stock market and imposed a collective penalty of Rs 3.06 crore after they were held guilty on insider trades on Infosys stock.

The eight entities and individuals are: Pranshu Bhutra, Amit Bhutra, Bharat C Jain, Manish Champalal, Ankush Bhutra, Amit Bhutra, Capital One and Tesora. Amit Bhutra and Bharath C Jain are working partners of Capital One. Amit Bhutra, Ankush Bhutra and Manish Champalal Jain are working partners of Tesora.

According to SEBI, Capital One Partners and Tesora Capital had made illegal gains of Rs 27.95 crore and Rs 26.82 lakhs respectively by indulging in insider trading while in possession of the unpublished price sensitive information (UPSI) pertaining to the corporate announcement of audited financial results for the quarter ended 30 June 2020 made by Infosys. ....

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Limited Liability Partnership (LLP) Can Form A Partnership Firm With An Individual Or Other Persons: Kerala High Court

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The Kerala High Court held that a Limited Liability Partnership can form a partnership with an individual or other persons.
In this case, a partnership deed was executed between an individual and an LLP. Registrar of Firms refused registration of the partnership firm on the ground that a LLP cannot be a partner of a firm. This was challenged before the High Court contending that the LLP is liable to be treated as a person and there cannot be any objection for registering a partnership with an LLP which is a person.
According to the Registrar of Firms, provisions of the Limited Liability Partnership Act 2008 are inconsistent with that of the Indian Partnership Act, 1932, pertaining to the liability. It contended that Section 25, 26 and 49 of the Indian Partnership Act makes the partners to be jointly and severally liable with all the other partners and also severally liable for the acts of the firm, of which such person is a partner. Under Section 2 ....

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father sent daughter vinka from village to panipat stadium she won gold jagran special

father sent daughter vinka from village to panipat stadium she won gold jagran special
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Couples of these real sisters of Chandigarh are showing awesome jagran special

Couples of these real sisters of Chandigarh are showing awesome jagran special
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