Update as on June 12, 2015

RECENT JUDGMENTS:

High Court of Bombay:

·        Shailesh Gandhi vs. The Central Information Commission  [11.06.2015]

·        Pravin s/o. Uddhavrao Ghatge & Ors. vs. The Vasantrao Naik Marathwada Krishi Vidyapeeth & Anr.  [11.06.2015]

·        M/s. Hotel Paras Garden & Anr. vs. Central Bank of India & Ors. 

·        Marotrao s/o Nanaji Pachbhai vs. The State of Maharashtra & Ors.  [08.06.2015]

·        Amit son of Bhagirath Mishra vs. The State of Maharashtra & Anr.  [05.05.2015]

RECENT NOTIFICATIONS:

·        Priority Sector Lending - Revised Reporting System

·        External Commercial Borrowings (ECB) for Civil Aviation Sector

·        External Commercial Borrowings (ECB) for low cost affordable housing projects

·        Subscription to chit funds by Non-Resident Indian on non-repatriation basis

·        Reporting requirement on On-site, Off-site and Mobile ATMs

·        Guidelines on Sale of Financial Assets to Securitisation Company (SC)/Reconstruction Company (RC) and Related Issues

·        Amendment to Prevention of Money Laundering (Maintenance of Records) Rules, 2005 – additional documents for the limited purpose of ‘proof of address’

·        Master Circular – “Non-Banking Financial Companies – Corporate Governance (Reserve Bank) Directions, 2015”

·        Master Circular – "Infrastructure Debt Fund-Non-Banking Financial Companies (Reserve Bank) Directions, 2011"

·        Master Circular – "Non-Systemically Important Non-Banking Financial (Non-Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2015"

·        Master Circular – “Systemically Important Non-Banking Financial (Non-Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2015”

RECENT FOREIGN COURT DECISIONS:

England & Wales High Court (Chancery Division) Decision:

·        Apinder Singh Ghura & Ors v Shokat  Mohammed Dalal & Ors [2015] EWHC 1685 (Ch) (11 June 2015)

England & Wales High Court (Queen’s Bench Division) Decision:

·        Ben Harman v East Kent Hospitals NHS Foundation Trust [2015] EWHC 1662 (QB) (11 June 2015)