Securities and Exchange Board of India (SEBI) has banned 10 individuals as they were sending out fake Short Message Service (SMS) in bulk recommending people to purchase the shares of the company to pump up trading volumes in the shares of Supreme Tex Mart Ltd (STML). According to SEBI, the SMS was sent to innocent … Continue reading “10 Individuals banned by SEBI for Fraudulent Trade”

The government is planning for a further reduction in start-ups and 3-month exit plan for the ventures who fail to flourish.

Aadhaar card number can be made mandatory to buy shares and mutual fund units soon. The government and the Securities and Exchange Board of India (SEBI) are planning to link Aadhaar card to financial market transactions.

The Government has launched the system of issuing e-patent certificates after a grant of the patent, by issuing a public notice. The salient features are enumerated below:- The patent certificate will be generated through an automated system after the patent is granted by the controller and shall be transmitted to the applicant concerned or his … Continue reading “Government has Launched E-Patenting Facility”

Real Estate Regulation Rules (RERA) framed under REDA Act was enacted by government that came force into effect from May 1, 2017. The State Government, vide its order dated February 17, 2017, as designated the Additional Chief Secretary, Urban Development and Housing Department as the Real State Regulatory  Authority until the establishment of a Real … Continue reading “RERA Now in Rajasthan”

First legal step for non-registration in RERA Act 2016 has been taken in Maharashtra. Sai Estate Consultant of Maharashtra has been issued with the show-cause notice for violating the provisions of Real Estate (Regulation and Development) Act 2016 and the state rules formed under the Act. As per RERA Act 2016, no property broker or … Continue reading “MAHA-RERA FIRST HAVOC STEP, Issued notice to broker.”

Among many harsh provisions for builders, Maha-RERA relief to builder community is on its last phase.

Whether deliberately or not the Karnataka Government is still failing to come to any conclusion regarding the implementation of RERA rules. Although the cabinet chief secretary Subhash Chandra Khuntia quoted “We will definitely take a final call at the next meeting”. According to law minister TB Jayachandra the reason for deferment is that the chief … Continue reading “RERA Decision Still Pending, Postpone by the Karnataka Cabinet”

DIR-5 (Application for surrender of Director Identification Number) will be deployed as an e-form for filing purposes w.e.f 21st June 2017.

With the emphasis on the startups of startups like Flipkart and Ola, they have been brake on the magnificent increase in the salaries of their employees. The salary of these employees was 3-4 times higher than the industry average, but now they are matching their counterparts in the traditional sectors.

The new rules, bring all ongoing projects where completion certificate was not issued on May 1, 2016, when Real Estate Regulation Act (RERA) was notified under its ambit.

As Real Estate Regulation and Development Act 2016 came into force across India, Uttar Pradesh is one of the states which lags behind in setting up a regulatory authority.

MahaRERA has imposed a fine of Rs. 1,20,000 on Sai Estate Consultant, for advertising unregistered real estate project of Haware Builders and misleading the consumers.

RERA, the new realty law that aims to bring transparency and accountability to the real estate market.

This can be done keeping in view the security concerns. A new policy will be made in this regard. Under this policy, new conditions will be decided for foreign companies who look at billions of dollars in the market.