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Bombay High Court Quashes Reassessment Notice for Club Membership Fees as Revenue Expenditure. Payment of entrance and subscription fees to Willington Sports Club held to be revenue expenditure, not capital expenditure, as it was for short-term membership renewal and did not create an enduring benefit.

The petitioner, Swiss Re Services India Pvt Ltd, filed a writ petition challenging a notice dated 29 March 2010 issued under Section 148 of the Income...

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Bombay High Court Allows Directors' Petition Challenging Minister's Order in Co-operative Bank Membership Dispute — Registrar Must Decide Validity of New Members Under Section 27 of Maharashtra Co-operative Societies Act, 1960 Before Elections.

The petitioners, directors and members of Parner Taluka Sainik Sahakari Bank Ltd., challenged the judgment and order dated 11.05.2022 passed by the Mi...

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Supreme Court Upholds Expulsion of Trading Member for Violating Gross Exposure Limits and Failing to Maintain Capital Adequacy. Securities Contracts (Regulation) Act, 1956 - Section 22F - Appeal against Securities Appellate Tribunal order upholding expulsion from National Stock Exchange membership.

The appellant, Rusoday Securities Ltd., was a trading member of the National Stock Exchange of India Ltd. (NSE) since November 1994 and gave an undert...

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High Court of Karnataka Quashes Disqualification of APMC Member for Non-Attendance of Meetings — Section 17(2) of Karnataka Agricultural Produce Marketing (Regulation and Development) Act, 1966 Requires Prior Notice of Meetings to Member Before Disqualification.

The petitioner, Sri Jayaram, was elected as a member of the Agricultural Produce Marketing Committee (APMC), Yeshwanthapura, Bengaluru, from Jigani-7 ...

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Bombay High Court Nagpur Bench Hears First Appeal on Validity of Change Report under Maharashtra Public Trust Act, 1950 — Entitlement of Members Who Stopped Paying Subscription Fees to Notice of Meeting for Election of Trust Executive Committee is Core Issue

The First Appeal before the Bombay High Court, Nagpur Bench, arose from a dispute concerning the Shikshan Prasarak Mandal, Mul, a registered Public Tr...

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Bombay High Court Dismisses Petitions Challenging Trade Union Recognition and Election in Air India. Court upholds the validity of the recognition granted to Air India Employees Union and the election conducted under the Code of Discipline in Industry, 1958.

The judgment pertains to two writ petitions filed by Air India Employees Guild and Air Corporation Employees Union challenging the recognition granted...