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Bombay High Court Disposes of Writ Petitions Challenging CIC Order on RTI Disclosure. The Court examined whether information on Public Interest Director appointments and inspection reports fell within exemptions under Sections 8(1)(d), (e), (j) and Section 10 of the Right to Information Act, 2005.

The Bombay High Court dealt with a cluster of writ petitions arising from a Central Information Commission order concerning disclosure of information ...

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Supreme Court Allows Revenue's Appeal, Holds Managing Agents' Group Controlling Over 75% Voting Power Excludes Company from 'Public Interest' Under Section 23A. Partners of Managing Agency Forming a Controlling Group Cannot Be Counted as Public for Purposes of Exemption Under Income-tax Act, 1922.

The dispute arose under the Indian Income-tax Act, 1922, concerning the applicability of Section 23A to a company where the Income-tax Officer sought ...

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High Court of Karnataka Quashes Penalty Orders Against Directors for Non-Deduction of TDS on Interest Paid to Non-Resident — Failure to Comply with Section 195 of Income Tax Act, 1961

The petitioners, Sri A.S. Chinnaswamy Raju and Sri C.S. Sunder Raju, directors of M/s Sunray Computers Pvt. Ltd., challenged two orders dated 14.11.20...

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Bombay High Court Dismisses PILs Alleging FDI Violations in Insurance Sector as Motivated by Personal Interest. Petitioner's failure to disclose material facts and filing of multiple petitions with similar allegations leads to dismissal with costs.

The petitioner, Sambhaji Savakar Jadhav, filed three public interest litigation petitions under Article 226 of the Constitution of India before the Bo...

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High Court of Bombay at Goa Hears Challenge to Registrar's Appointment of Directors Under Section 67A of Goa Co-operative Societies Act, 2001; Considers Democratic Control of Co-operatives.

The dispute concerns the appointment of two directors to the Board of the Goa Urban Co-operative Bank, a large scheduled bank, by the Registrar of Co-...

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Bombay High Court Upholds Removal of Director in Co-operative Bank Case for Misappropriation and Conflict of Interest. Commissioner's order under Section 78A(1) of Maharashtra Co-operative Societies Act, 1960 confirmed due to unauthorized donations to trust and contract awarded to son's firm.

The petitioner, P. A. Inamdar, was a shareholder, director, and Chairman of the Muslim Co-operative Bank Ltd., Pune. On 19 July 2017, respondent Nos. ...

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Bombay High Court Dismisses Challenge by SEBI Employees Association to Direct Recruitment and Deputation of Executive Directors; Holds that Section 9 of SEBI Act, 1992 Confers Unrestricted Power on Board to Appoint Officers of Its Choice, and Regulations Cannot Fetter This Power.

The dispute arose from a writ petition filed by the SEBI Employees Association along with individual Chief General Managers challenging the Securities...

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Bombay High Court Dismisses Plaintiff's Suit Seeking Removal of Managing Director on Ground of Age Limit Under Companies Act, 2013. Section 196(3)(a) of Companies Act, 2013 Held Not Retrospective and Does Not Automatically Terminate Existing Appointments.

The plaintiff, a director of Ultramarine & Pigments Limited, filed a suit seeking an order to restrain the 2nd defendant, the Chairman and Managing Di...