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SEBI Embraces Principle-Based Assessment in Proposed ‘Fit and Proper’ Criteria From proposals of removing FIR-based automatic disqualifications to restricting voting rights instead of forced divestments, India’s securities regulator has proposed major amendments to the ‘fit and proper criteria’ in schedule II of the Securities and Exchange Board of India (Intermediaries) Regulations, 2008. Currently, SEBI regulates […]

NCLT clears Hotel Horizon resolution; NCLAT bars equity creation for now The National Company Law Tribunal has approved Hotel Horizon’s acquisition by the consortium of Oberoi Realty, Shree Naman Developers and JM Financial Properties and Holdings. The company has admitted liabilities of Rs 1,293 crore, whereas the successful bidder’s plan proposes to shell out Rs

Digital arrest scams: Supreme Court raises alarm over bank officials’ role New Delhi: Calling the siphoning of monies by scamsters in digital arrest cases as “absolute robbery and dacoity”, the Supreme Court on Monday raised serious concerns over the possible “collusion” or “negligence” of bank officials in such fraudulent transactions “In their over anxiety of

Pradeep Gupta Global spirits leader Heineken has added Pradeep Gupta as Head of Legal and Compliance for its Global Capacity Centre in Hyderabad. Prior to this Gupta was the Company Secretary and Head – Legal and Compliance at DBS Tech India. With nearly two decades of experience, Gupta has experience across legal, compliance, corporate, secretarial,

NCLT approves merger of Adani-led Ambuja Cements and Sanghi Industries The proposed merger of Sanghi Industries with Adani-led Ambuja Cements received the National Company Law Tribunal‘s green light on Monday. In an exchange filing, Ambuja Cements said the tribunal pronounced its order on February 9, 2026, sanctioning the scheme of arrangement between the two companies

Government tightens tax framework for foreign digital entities New Delhi: India has proposed to tighten the tax and reporting framework for the digital entities by sharpening the definition of significant economic presence (SEP), mandating localised electronic record-keeping for professionals, and formally bringing the central bank digital currency (CBDC) within the income-tax framework. The government has

Data law spurs hotel contract resets on guest privacy New Delhi | Mumbai: Several hotel owners are rushing to renegotiate longstanding agreements with international operators and booking platforms to clarify data protection responsibilities under the new Digital Personal Data Protection (DPDP) Act and strengthen measures to prevent any breach of guest data. The move reflects

JioStar to merge TV distribution arm IndiaCast JioStar India, the Reliance Industries-Disney joint venture, will merge its wholly owned television distribution subsidiary, IndiaCast Media Distribution, into the parent company under Section 233 of the Companies Act that enables fast-track mergers. Under the deal, all assets, liabilities, contracts, employees and ongoing legal proceedings of IndiaCast will

Elevate Campuses gets SEBI nod to raise Rs 2,550 crore through IPO Elevate Campuses, an institutional student housing and education infrastructure platform backed by Singapore-based Hillhouse Investments, has received approval from the Securities and Exchange Board of India (SEBI) to proceed with its ₹2,550 crore initial public offering (IPO), according to regulatory filings. The proposed

Global law firm Allen & Gledhill and JSA has advised APAC telecommunications giant Singtel on the acquisition by Singtel and KKR of the remaining 82 percent stake in ST Telemedia Global Data Centres from promoters ST Telemedia (STT) for $5.1 billion, representing an implied enterprise value of approximately US$10.9 billion, ET LegalWorld has learned from