The bench observed that invoking Section 212(1)(c) of the Companies Act, 2013 – the provision empowering the government to mandate an SFIO probe – was “not a routine administrative measure” but a serious statutory action with grave consequences.
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The Competition Commission of India (CCI) on Tuesday approved the Sumitomo Mitsui Banking Corporation’s acquisition of certain share capital and voting rights of Yes Bank.
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Reserve Bank of India has approved the reappointment of R Gandhi as the non-executive chairman of Yes Bank. His term will be effective from September 20, 2025, to May 13, 2027. Gandhi previously served as the Deputy Governor of RBI.…
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SEBI has given the green light to 13 companies, including Urban Company and Boat’s parent company, Imagine Marketing, to proceed with their IPOs. Urban Company’s issue is worth Rs 1,900 crore, while Juniper Green Energy plans to raise Rs 3,000…
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Sebi has increased intraday net position limits for index options to ₹5,000 crore while maintaining the gross position limit at ₹10,000 crore to control volatility. These measures, effective October 1st, aim to enhance market stability and lower risks by increasing…
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Union Finance Minister Nirmala Sitharaman said on Tuesday that the next generation GST reforms will create an open and transparent economy, reduce compliance burdens, and benefit small businesses.
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