All posts tagged: laws

HC: PMLA overrides debt recovery laws for attachment of ‘proceeds of crime`

HC: PMLA overrides debt recovery laws for attachment of ‘proceeds of crime`

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The Bombay High Court (HC) has held that the Prevention of Money Laundering Act (PMLA) has an overriding effect over debt recovery laws such as the SARFAESI Act and the Recovery of Debts and Bankruptcy (RDB) Act when it comes to the attachment of “proceeds of crime”, news agency PTI reported. In a judgment delivered on March 23, the Nagpur bench set aside previous orders of the PMLA Appellate Tribunal, which had favoured banks’ rights to recover debts from attached properties. The bench, comprising Justices MS Jawalkar and Nandesh Deshpande, observed that debt recovery laws like SARFAESI and RDB “would not render PMLA subservient to them due to the distinct objects and purposes of the two enactments”. The court emphasised that PMLA’s legislative objective of confiscating proceeds of crime is separate from the debt recovery framework, and hence, debt recovery laws cannot override the Act. The case dates back to a 2012 Central Bureau of Investigation (CBI) probe into Grace Industries Ltd over irregularities in coal block allocations. The Enforcement Directorate (ED) identified about Rs …

Govt introduces Bill to amend Companies, LLP laws, refers it House panel amid Opp objections | India News

Govt introduces Bill to amend Companies, LLP laws, refers it House panel amid Opp objections | India News

Published by Parlour News

Finance and Corporate Affairs Minister Nirmala Sitharaman on Monday introduced the Corporate Laws (Amendment) Bill, 2026, which seeks to amend the Limited Liability Partnership Act, 2008 and the Companies Act, 2013, in the Lok Sabha. The Bill has been referred to a 31-member Joint Committee of Parliament for a detailed analysis. The committee, comprising 21 Lok Sabha Members to be chosen by Lok Sabha Speaker Om Birla and 10 Rajya Sabha Members to be selected by Chairperson and Vice-President C P Radhakrishnan, will submit its report on the last day of the first week of the Monsoon Session. The Amendment Bill, which aims to streamline the regulatory processes for companies, decriminalise minor offences by shifting from criminal penalties to monetary fines in order to reduce the compliance burden on businesses, was referred to the the House panel amid questions from the Opposition MPs in the Lok Sabha. The Bill also proposes to tweak norms for convening hybrid annual or extraordinary general meetings, unpaid dividends, investor protection framework, along with the introduction of a framework for …

Govt introduces Bill to amend Companies, LLP laws, refers it House panel amid Opp objections | India News

Govt introduces Bill to amend Companies, LLP laws, refers it House panel amid Opp objections | India News

Published by Parlour News

Finance and Corporate Affairs Minister Nirmala Sitharaman on Monday introduced the Corporate Laws (Amendment) Bill, 2026, which seeks to amend the Limited Liability Partnership Act, 2008 and the Companies Act, 2013, in the Lok Sabha. The Bill has been referred to a 31-member Joint Committee of Parliament for a detailed analysis. The committee, comprising 21 Lok Sabha Members to be chosen by Lok Sabha Speaker Om Birla and 10 Rajya Sabha Members to be selected by Chairperson and Vice-President C P Radhakrishnan, will submit its report on the last day of the first week of the Monsoon Session. The Amendment Bill, which aims to streamline the regulatory processes for companies, decriminalise minor offences by shifting from criminal penalties to monetary fines in order to reduce the compliance burden on businesses, was referred to the the House panel amid questions from the Opposition MPs in the Lok Sabha. The Bill also proposes to tweak norms for convening hybrid annual or extraordinary general meetings, unpaid dividends, investor protection framework, along with the introduction of a framework for …

Sitharaman tables Corporate Laws Amendment Bill in Lok Sabha, sent to JPC

Sitharaman tables Corporate Laws Amendment Bill in Lok Sabha, sent to JPC

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Union Finance Minister Nirmala Sitharaman on Monday introduced the Corporate Laws (Amendment) Bill, 2026 in the Lok Sabha, according to the ANI. The bill aims to make further changes to key corporate regulations in India, including the Limited Liability Partnership (LLP) Act, 2008 and the Companies Act, 2013. Soon after its introduction, the Lok Sabha passed a motion to refer the bill to a Joint Parliamentary Committee (JPC) for detailed examination. This step allows lawmakers to study the bill more closely before it is taken up for final approval, as per the ANI. The development comes as the second phase of the Budget session of Parliament resumes. This session is expected to focus on key legislative and financial matters, including reforms that could impact multiple sectors of the economy. What the bill aims to do The Corporate Laws (Amendment) Bill, 2026 seeks to update existing laws governing companies and LLPs. These laws play a crucial role in regulating how businesses operate in India. The amendments are expected to simplify compliance and improve the ease of …

Parliament Budget Session LIVE: Nirmala Sitharaman to introduce Corporate Laws (Amendment) Bill in Lok Sabha

Parliament Budget Session LIVE: Nirmala Sitharaman to introduce Corporate Laws (Amendment) Bill in Lok Sabha

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With the second leg of the Parliament Budget session set to resume today, Union Finance Minister Nirmala Sitharaman will introduce the Corporate Laws (Amendment) Bill, 2026, further to amend the Limited Liability Partnership Act, 2008 and the Companies Act, 2013. According to the List of Business issued by the Secretary General of Lok Sabha, the Union Finance Minister will also move that the Finance Bill, 2026, which will give effect to the financial proposals of the Central Government for the financial year 2026-2027, be taken into consideration. The Lok Sabha is scheduled to commence proceedings for the ongoing second phase of the Budget Session at 11 a.m. today. Meanwhile, several ministers, including Gajendra Singh Shekhawat, Jayant Chaudhary, Shobha Karandlaje, Kirit Vardhan Singh, Sukanta Majumdar, and Harsh Malhotra, are scheduled to lay papers on the table of the House. – ANI Disclaimer: We do not own any of the content, ideas, images, or text presented here. All rights belong to their respective owners. For more information and to view the original source, please visit the following …

Why split verdict on corruption law’s prior approval clause raises rule of law debate

Why split verdict on corruption law’s prior approval clause raises rule of law debate

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Section 17A of the Prevention of Corruption Act, 1988 (PCA) came under the spotlight after a two-judge bench of the Supreme Court last month delivered a split verdict in a petition challenging its constitutionality.  Justice K V Viswanathan upheld the provision and quoted Sardar Vallabhbhai Patel’s reference to civil servants as the “Steel Frame of India”, underlining that without a basic assurance of protection, “public servants will resort to a play it safe syndrome”. Justice B V Nagarathna, on the other hand,  struck it down entirely as unconstitutional. Section 17A, which was inserted through the Prevention of Corruption (Amendment) Act, 2018, says that “no police officer shall conduct any enquiry or inquiry or investigation into any offence alleged to have been committed by a public servant under this Act, where the alleged offence is relatable to any recommendation made or decision taken by such public servant in discharge of his official functions or duties, without the previous approval” of the centre or state as the case may be. The divergence in views between Justice Nagarathna …

From overthrow rules to completion of final over of day in red-ball matches; 73 changes made to Laws of Cricket by MCC | Cricket News

From overthrow rules to completion of final over of day in red-ball matches; 73 changes made to Laws of Cricket by MCC | Cricket News

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The Marylebone Cricket Club (MCC), which maintains the laws that govern professional cricket, on Tuesday announced 73 changes that will come into effect from October 2026. It hasn’t made wholesale changes to how the sport is played, with the tweaks largely focussing on tightening definitions around dismissals, overs and player positioning. One of the key updates is that wicketkeepers will no longer be penalised for having their gloves in front of the stumps when the bowler runs up. The new laws also require the bowling side to complete the final over of the day even after a wicket falls in red-ball cricket. The current practice is for Stumps to be called if a wicket falls in the final over of the day, with the rest of the over being completed at the start of play on the next day. “It was felt unfair that, if a fielding side takes a wicket in the final over of the day, the batting side does not have to send out a new batter,” MCC said. “This doesn’t save …

MHA tableau to showcase new criminal laws at Republic Day Parade

MHA tableau to showcase new criminal laws at Republic Day Parade

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The Ministry of Home Affairs (MHA) is set to present a special tableau at the 77th Republic Day Parade on Kartavya Path, highlighting the nationwide implementation of the three new criminal laws that came into force on July 1, 2024. As per the MHA, the tableau will showcase the implementation of the Bharatiya Nyaya Sanhita, Bharatiya Nagarik Suraksha Sanhita and the Bharatiya Sakshya Adhiniyam, replacing colonial-era laws Indian Penal Code (IPC), 1860; Code of Criminal Procedure (CrPC), 1973; and the Indian Evidence Act, 1872. The new laws, collectively referred to as the `Naveen Nyaya Sanhita`, mark a comprehensive overhaul of India`s criminal justice system, replacing British-era statutes with a modern, Indian-centric legal framework. Described as one of the biggest legal reforms of the century, the new laws replace the colonial-era framework based on punishment with an Indian philosophy centred on justice, symbolised by the theme “Dand Se Nyay Ki Or” (from punishment to justice). The tableau will depict India`s transition towards a modern, technology-driven, time-bound and citizen-centric justice system, aligned with the vision of a …

Rahul Gandhi likens MGNREGA repeal to ‘three black farm laws’

Rahul Gandhi likens MGNREGA repeal to ‘three black farm laws’

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Congress leader Rahul Gandhi on Thursday claimed that the Modi government`s objectives are the same in repealing MGNREGA as they were in bringing the “three black farm laws”, as he urged poor people to unite against the move to bring the VB G RAM G Act, reported news agency PTI. MGNREGA meant to guarantee rights to the poor, says Gandhi Addressing the National MGNREGA Workers` Convention organised by the Rachnatmak Congress, the Leader of Opposition in the Lok Sabha said the concept of MGNREGA was to give rights to the poor. “The thinking was to provide work to those who need it. This scheme was to be run through the third tier of government Panchayati Raj. The word rights was important. All poor people had the right to work under MGNREGA and PM Modi-BJP wants to finish that concept,” Gandhi said, reported PTI. Farmers forced repeal of laws through united protest Some years ago they brought in the “three black farm laws” but farmers stopped that after “all of us unitedly put pressure” on the …

George Clooney, Amal Granted French Citizenship; Actor Praises France’s Privacy Laws | Hollywood News

George Clooney, Amal Granted French Citizenship; Actor Praises France’s Privacy Laws | Hollywood News

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Last Updated:December 30, 2025, 02:00 IST George Clooney, Amal and their children are now French citizens. The actor has praised France’s privacy laws and says the country feels like home. George Clooney has been known for caring about others and helping the community. (Photo Credit: X) Hollywood star George Clooney has officially been granted French citizenship along with his wife, Amal Clooney, and their two children, according to an official decree published in France’s government gazette. The development confirms Clooney’s long-standing admiration for the country and its culture, something he openly spoke about earlier this month. The announcement follows comments Clooney made in early December, when he praised France’s strict privacy laws, especially those protecting children from paparazzi attention. Speaking to RTL radio at the time, the actor highlighted how the country offers his family a sense of normalcy and security rarely found elsewhere. “I love the French culture, your language, even if I’m still bad at it after 400 days of courses,” Clooney said in English during the interview. “Here, they don’t take photos …