All posts tagged: SEC

SEC to ask Kerala govt. to examine whether postal ballot facility can be expanded in future local body polls

SEC to ask Kerala govt. to examine whether postal ballot facility can be expanded in future local body polls

Published by Parlour News

The State Election Commission (SEC) is planning to ask the Kerala government to examine whether the postal ballot facility can be extended to more voter categories in future local body elections. At present, only election officials are eligible for postal ballots in the local body polls conducted by the SEC. However, there have been widespread demands this election season that more categories be included. State Election Commissioner A. Shajahan told The Hindu that the SEC is thinking of making a recommendation to the State government in this regard once the 2025 local body polls—to be held on December 9 and 11 in two phases— are over. For the introduction of such a reform, amendments will be required to the Kerala Panchayat Raj Act and the Kerala Municipalities Act. “The Election Commission of India (EC) has made various categories eligible for postal ballots in line with the amendments to the Representation of the People Act. However, no such provision exists in the Kerala Panchayat Raj Act and the Kerala Municipalities Act. The SEC will ask the …

Congress, NCP (SP) write to SEC over voter rolls, seeking transparency ahead of local body polls

Congress, NCP (SP) write to SEC over voter rolls, seeking transparency ahead of local body polls

Published by Parlour News

In a joint letter, Congress state president Harshavardhan Sapkal, Congress Legislature Party leader Vijay Wadettiwar, and Legislative Council group leader Satej (not in picture) stated that in many municipal corporations, the draft voter lists have not been properly divided ward-wise. File | Photo Credit: PTI   The Maharashtra Pradesh Congress Committee (MPCC) on Tuesday (November 25, 2025) urged the State Election Commission (SEC) to extend the deadline for filing objections and suggestions to the draft voter lists for municipal corporation elections by 15 days. The draft lists were published on November 20, and the current deadline for objections is November 27.  In a joint letter sent to the SEC, Congress state president Harshavardhan Sapkal, Congress Legislature Party leader Vijay Wadettiwar, and Legislative Council group leader Satej alias Bunty Patil stated that in many municipal corporations, the draft voter lists have not been properly divided ward-wise. Many voters’ names have been shifted from their residential areas to other areas, and the number of such cases is quite large, the letter said. “The current period of only seven days is extremely short, and it should be extended by 15 days. …

Comply with 50 pc limit on quota in Maharashtra local elections: SC tell SEC

Comply with 50 pc limit on quota in Maharashtra local elections: SC tell SEC

Published by Webster

The Supreme Court on Tuesday adjourned the hearing in the Maharashtra local body elections matter to November 28 after the state government requested more time, stating that it was holding discussions with the State Election Commission (SEC) regarding the 50 per cent ceiling on reservations, reported the IANS. A Bench comprising Chief Justice of India (CJI) Surya Kant and Justice Joymalya Bagchi was informed by the SEC that elections for 246 municipal councils and 42 nagar panchayats have already been notified for December 2, and that in several of the local bodies heading for polls, the reservation limit of 50 per cent has been exceeded, according to the IANS. The SEC further informed the court that elections for zila parishads, municipal corporations and panchayat samitis have not yet been notified. Taking note of these details, the CJI observed that the excess reservation in the 57 local bodies would remain subject to the outcome of the proceedings currently before the Supreme Court. The Bench led by CJI Kant also advised the SEC not to exceed the …

Maharashtra Congress seeks 15-day extension from SEC to address draft voters’ list issues

Maharashtra Congress seeks 15-day extension from SEC to address draft voters’ list issues

Published by Parlour News

Maharashtra Congress president Harshwardhan Sapkal. File. | Photo Credit: PTI Alleging irregularities in the draft voters’ list, the Congress on Tuesday (November 25, 2025) demanded that the Maharashtra State Election Commission (SEC) extend the deadline to submit objections and suggestions by 15 days. In a letter to the SEC, signed by State Congress president Harshwardhan Sapkal, leaders Vijay Wadettiwar and Satej Patil, the party said the draft voters list was published on November 20. The SEC also gave a deadline till November 27 to submit objections and suggestions. “Many voters are not in the draft list of wards they reside in and the situation is different in all municipal corporations of the State. This is a large number,” the letter said. “Even the process of taking objections in the electoral rolls is very complicated and every person who has an issue with the voters’ list has to make an application about their grievance,” it said. The letter further said that the party needs time to scan the draft voters’ list in all municipal corporations in …

US DoJ Said to Open Probe Into Coinbase Data Breach, Firm Claims Involvement of Indian Employees

US DoJ Said to Open Probe Into Coinbase Data Breach, Firm Claims Involvement of Indian Employees

Published by Webster

Coinbase was recently impacted by a data breach, and the crypto firm is now working with US law enforcement agencies to identify the cybercriminals behind the attack. The exchange has reportedly claimed that its contractors and employees who were bribed to leak userdata to the criminals were from India. The US Department of Justice (DoJ) has now joined the US Securities and Exchange Commission (SEC) in the ongoing investigation. Coinbase has clarified that the exchange itself is not under probe, which is focused on finding the cyber criminals involved in executing the attack. DoJ’s criminal division officials are probing the breach that affected the crypto firm, Bloomberg reported on Tuesday. Coinbase reportedly stated that employees in India provided the cybercriminals with user data access. International law enforcement agencies have also been roped into the probe. As per Coinbase, the employees it identified as being involved in the case were fired immediately. The firm has yet to disclose the credentials of these former Coinbase employees. In March, Coinbase announced its registration with India’s Financial Intelligence Unit …

Law ministry asks Gujarat court to serve Adani in U.S. SEC suit

Law ministry asks Gujarat court to serve Adani in U.S. SEC suit

Published by Parlour News

Image used for representative purpose only | Photo Credit: Reuters The Ministry of Law and Justice took action under the Hague convention last month to serve Adani Group chairman Gautam Adani in a U.S. lawsuit, the Union government confirmed to The Hindu. The Department of Legal Affairs (DLA) under the law ministry forwarded a summons notice from the U.S. Securities and Exchange Commission in the SEC v. Adani case to a sessions court in Ahmedabad, asking it to serve Mr. Adani the relevant papers at his Ahmedabad address.  Also Read | Gautam Adani U.S. indictment: How are summons issued under the Hague Convention? “Under consideration is a request for service of summons received from the Central Authority USA, under the Hague Convention for Service of Judicial and Extrajudicial Documents in Civil and Commercial Matters, 1965,” the government said in an internal note provided to The Hindu. “The documents have been checked and found to be in consonance with the Hague Convention. We may, if approved, forward the documents to the District & Sessions Court, Ahmedabad, Gujarat …

US President Trump Directs SEC Task Force to Outline Crypto Rules by August 

US President Trump Directs SEC Task Force to Outline Crypto Rules by August 

Published by Webster

US President Donald Trump met with several crypto founders and leaders during the recent Crypto Summit held at the White House. The event brought US lawmakers under one roof with the crypto industry for the first time. At the summit, President Trump asked the US Securities and Exchange Commission’s (SEC) Crypto Task Force to put the country’s crypto and stablecoins regulations “on his desk” by the end of August this year. This gives the task force approximately five months to complete the research and proposal work for crypto rules. Chris Dixon, a managing partner at Web3-focussed investment firm a16z crypto, said Trump’s timeline for a crypto regulatory framework was the most important announcement during the summit. Lauding Trump’s proactive regulatory approach, Dixon said, “With accelerating progress in crypto, AI, and other frontier domains, this is the time to craft thoughtful, comprehensive policies that acknowledge both the promise and risks of these technologies.” White House crypto czar David Sacks and Treasury Secretary Scott Bessent co-chaired the summit alongside Trump. Addressing the invitees, Bessent said the US …

US SEC’s Crypto Task Force to Host Roundtables to Discuss Crypto Regulation

US SEC’s Crypto Task Force to Host Roundtables to Discuss Crypto Regulation

Published by Webster

The US is moving towards getting a comprehensive set of Web3 rules under the crypto-friendly presidency of Donald Trump. The US Securities and Exchange Commission’s (SEC) Crypto Task Force said Monday it would host a series of roundtable meetings to gather public insights on its regulatory approach towards Web3. Mark T. Uyeda, the acting chairperson of the SEC, will oversee the roundtable discussions that will start this month. The inaugural session of the roundtable series, dubbed the ‘Spring Sprint Toward Crypto Clarity’, has been slated for March 21 at the SEC office in Washington DC. The first session will hold discussions on defining the status of cryptocurrencies as securities. “The initial roundtable on March 21 is open to the public at the SEC’s headquarters. The number of in-person participants may be limited. The primary discussion will be streamed live on SEC.gov, and a recording will be posted at a later date,” the federal agency explained. SEC commissioner Hester M. Peirce said the roundtable discussions were an important step towards engaging with the public. “I am …

US SEC Rejects Memecoins as Securities, Warns of Fraudulent Tokens

US SEC Rejects Memecoins as Securities, Warns of Fraudulent Tokens

Published by Webster

The Securities and Exchange Commission (SEC) is gradually shaping crypto regulations in the US following Donald Trump’s return to the White House. This week, the SEC clarified that memecoins do not qualify as securities, meaning investors are not required to register their transactions under the Securities Act of 1933. The announcement comes amid a surge in meme tokens flooding the crypto market in recent years. Memecoins are crypto tokens inspired by trending memes, characters, or events. Their creators attract investors by leveraging viral popularity, but these tokens often rely on hype and speculation rather than intrinsic value, making them highly volatile and risky investments. A statement by SEC’s Division of Corporate Finance said, “memecoins typically are purchased for entertainment, social interaction, and cultural purposes, and their value is driven primarily by market demand and speculation. Memecoins also typically have limited or no use or functionality. In this regard, meme coins are akin to collectibles.” SEC Explains Why Memecoins are Not Securities In the US, financial instruments like stocks, cash notes, and bonds are classified as …

Days after PM Modi’s visit, US agency seeks India’s help in Gautam Adani fraud probe | Latest News India

Days after PM Modi’s visit, US agency seeks India’s help in Gautam Adani fraud probe | Latest News India

Published by Parlour News

The US Securities and Exchange Commission (SEC) has sought assistance from Indian authorities in its probe into Adani Group founder Gautam Adani and his nephew, Sagar Adani, over alleged securities fraud and a $265-million ( ₹2,200 crore approx.) bribery scheme, news agency Reuters reported, a court filing on Tuesday. Adani Group founder Gautam Adani has called the accusations “baseless”. (Reuters/File) The regulator informed a New York district court that it was working to serve its complaint to the Adanis and has approached India’s law ministry for assistance in the process, the report added. “The SEC has requested assistance … under the Hague service convention,” it said in the court filing. Adani Group or the law ministry has not immediately issued any statement on the latest development. The development comes a few days after Prime Minister Narendra Modi said he did not discuss the Adani case with US President Donald Trump during his visit to Washington. To a question on whether the issue relating to Adani figured in the talks, Modi at a joint media briefing …