Showing posts from October, 2017

SEBI Panel Pushes For Corporate Governance Overhaul

Coming straight to the key point, a high-profile Committee of the Securities and Exchange Board of India (SEBI) on October 5 recommended a slew of measures, including increasing the number of directors on boards of listed companies, the appointment of at least one woman independent director, and a higher frequency of board meetings to enhance corporate governance standards at India Inc. It is widely anticipated that this panel will usher in the much needed corporate governance overhaul. But right now it would be premature to guess how effective it will be in ushering corporate governance overhaul. Uday Kotak who is the head of SEBI’s panel on corporate governance presented the report to SEBI Chairman Ajay Tyagi on October 5.
                                           While craving for my esteemed readers exclusive indulgence, let me inform them that the 25-member panel on corporate governance, headed by Uday Kotak who is Vice Chairman and Managing Director of Kotak Mahindra Bank has al…

What Lawyers Of West UP Do Every Saturday?

At the very outset, let me begin by first and foremost pointing out that it is strictly ensured in all the 26 districts of West UP every Saturday that no lawyer does any work in protest against Centre not setting up even a single bench of high court in any of the 26 districts of West UP even though Justice Jaswant Singh Commission headed by former Supreme Court Judge Jaswant Singh and appointed by former PM late Mrs Indira Gandhi had recommended the setting up of 3 benches at Dehradun, Nainital and Agra. More intriguingly, on its recommendations benches were set up at Aurangabad on its recommendations as also at Jalpaiguri in West Bengal and Madurai in Tamil Nadu! To protest this third rated treatment meted out to West UP, it was decided to observe strike every Saturday henceforth!
     Needless to say, this has been happening regularly since May 1981. It has been more than 36 years and even now it is very strictly ensured by the office bearers of every Bar in West UP that no lawyer un…

Attacks By Cow Vigilantes Must Stop: SC Tells States

To begin with, the Supreme Court on September 6 made it clear in no uncertain terms that attacks on innocents by cow vigilantes must stop. It took a great step towards preventing crimes and violence committed by cow vigilante groups by directing States to appoint a senior cop as nodal officer in each district to monitor such incidents and ensure that culprits are nabbed promptly and punished swiftly. It is really a very good step which shall go a long way in checking attacks and violence by cow vigilantes which till now largely went unhindered and unabated.
                                             While craving for the exclusive indulgence of my esteemed readers, let me inform them that a group of petitioners led by Congress spokesperson Tehseen Poonawala and Tushar Gandhi who is the great grandson of the legendary Mahatma Gandhi gave instances where persons were lynched, minors tortured and women raped by men claiming to be part of cow-protecting army. According to senior advocate…