CORPORAT LAW $OCITY (CLS)

NATIONAL LAW UNIVERSITY, JODHPUR

February, 2015 Bulletin

Beleaguered with 17 Investment Treaty Arbitration claims, the Indian government is
considering a new model Bilateral Investment Treaty for future negotiations. Click here
In a SEBI discussion paper published on January 5, 2015 an amendment was proposed to the
SEBI Act for imposing restrictions on wilful defaulters from accessing the capital market,
and invited public comments on the said proposal till January 23, 2015. Click here
The Supreme Court of India in McLeod Russell India Limited v. Regional Provident Fund
Commissioner, Jalpaiguri, ruled on the issue of successor liability by imposing a past-period
liability on the purchaser of a business, even though the contract specifically stated that the
said liability was to be borne by the seller. Click here
The Supreme Court of India in Sunil Bharti Mittal v. Central Bureau of Investigation ruled that
senior corporate officers cannot be held to be criminally liable for acts of their companies.
Click here
In Keshavlal Khemchand & Sons Pvt. Ltd. v. Union of India, the Supreme Court of India upheld the
constitutional validity of the amended definition of NPA under Section 2(1)(o) of
SARFAESI Act, 2002 empowering different authorities to categorize an asset as a NPA for
different creditors. Click here
Tamil Nadu authorities reduced Nokias tax liability to Rs.912 crore as against Rs.2400 crore,
but imposed Rs.624 crore penalty on the latter. Click here
Japanese telecom giant NTT Docomo filed for arbitration against Tata Sons with LCIA
alleging that the latter firm failed to honour its commitment to buy its Rs.7,250 crore stake in
their joint venture Tata Teleservices Ltd. Click here
The E-commerce industry is likely to be governed by regulations from nine central ministries.
Click here
Foreign investors likely to be allowed T+2 bond settlements from April 2015. Click here
External Commercial Borrowings procedure simplified through a new RBI circular.
Networth merger comes under SEBI scanner over allegations of bypassing the Takeover
Code and depriving the minority shareholders.. Click here.
Chinas new draft foreign investment law, if implemented could significantly change the
foreign investment regime in China. Click here.
Canada announces Immigrant Investor Venture Capital Pilot Program to attract more
investment. Click here.
Government decides not to appeal the ruling of the Bombay High Court in the Vodafone
transfer pricing case. Click here.
International financial centres soon to be set up in the country. Click here.
Dentons merges with Dacheng, replacing Baker & McKenzie as worlds biggest law firm.
Click here.
--Shivesh Aggarwal & Dishi Bhomawat (Semester VI)
--Corporate Law Society, National Law University, Jodhpur--