The News Caravan

Tag: Frequent

  • Frequent amendment of corporate laws is to make them more robust: Sitharaman

    Frequent amendment of corporate laws is to make them more robust: Sitharaman

    [ad_1]

    Inflation 'manageable' at 7.4 percent, love to see it down to 4 percent : Sitharaman

    Chennai: Union Finance Minister Nirmala Sitharaman on Saturday said the Central government does not have any hesitation in frequently approaching the Parliament to amend corporate laws as it was to fine-tune them and to make these laws more robust, adding the process aims at making the laws cater to the challenges as well as the ever-changing requirements of the industry.

    Sitharaman said this while speaking here after inaugurating the renovated premises of the National Company Law Appellate Tribunal (NCLAT).

    She said that Opposition members used to question the rationale behind approaching the Parliament frequently but “the government was able to convince them about the need for such frequent amendments to corporate laws”.

    MS Education Academy

    The Finance Minister also said that the government had taken serious note of the resentment among certain quarters about filling up vacancies in National Company Law Tribunal (NCLT) and in National Company Law Appellate Tribunal (NCLAT) and added that a lot of appointments were taking place now.

    She said that the goal was to make the country more transparent in its commercial activities and to gain investors’ confidence in full. The minister said that the government was unwavering in its commitment towards achieving this.

    NCLAT Chairman Ashok Bhushan said that India was now 62 in the world as far as ease of doing business was concerned and this growth was from the 142 position it had in 2015.

    He said that the timely and effective disposal of commercial cases by the tribunals had helped all the stakeholders.

    The NCLAT chairman also requested the minister to appoint one more judicial and technical member to the Chennai bench of the Appellate body.

    NCLAT judicial member M. Venugopal said that the Chennai bench of the NCLAT had disposed of 562 of the 1,480 appeals that were filed since its inception on January 25, 2021.

    Subscribe us on The Siasat Daily - Google News

    [ad_2]
    #Frequent #amendment #corporate #laws #robust #Sitharaman

    ( With inputs from www.siasat.com )

  • Frequent parole to Gurmeet Ram Rahim may create law and order problems: Punjab govt

    Frequent parole to Gurmeet Ram Rahim may create law and order problems: Punjab govt

    [ad_1]

    Chandigarh: The Punjab government has told the high court that granting frequent parole to Dera Sacha Sauda chief Gurmeet Ram Rahim Singh, who is serving a 20-year jail term for raping two disciples, may lead to law and order problems in the state.

    The Punjab government’s response to a Shiromani Gurdwara Parbandhak Committee (SGPC) petition against giving parole to the dera chief is in contrast to the Haryana government’s reply to the petition.

    Supporting parole for Ram Rahim Singh, the Haryana government had said in the Punjab and Haryana High Court that he does not fall under the definition of a hardcore prisoner and cannot be termed a serial killer. He has also been convicted in two murder cases.

    The dera chief was granted 40-day parole on January 20.

    The SGPC, an apex gurdwara body, had recently challenged the parole order in Punjab and Haryana High Court.

    The Punjab government has cited the “mayhem” created by supporters of the Dera chief in Haryana’s Panchkula when he was convicted in the rape case in 2017 as a reason for its stand.

    It also told the court that some sections of society may compare the frequent temporary parole to the dera chief to the cases of some people who have been in jail for a long time. Several Sikh bodies, including the SGPC, have been demanding the release of ‘Bandi Singhs’ (Sikh prisoners), which they claim are lodged in jails despite having completed their sentences.

    “In the present case, respondent number-9 (the dera chief) has been granted parole a number of times in the last year. That information has been obtained from concerned quarters as per which the temporary release of respondent number 9 from custody is likely to create disturbance in the law and order situation in the state of Punjab,” Punjab ADGP (Law and Order) Arpit Shukla said in an affidavit filed in the court.

    According to the Punjab government, granting frequent parole to Ram Rahim Singh has led to resentment in a particular religious community and has created a “festive and celebratory atmosphere” among the dera followers, which is highly resented by some sections of the society.

    “That there is an apprehension of disturbance to law and order situation in the state of Punjab as persons opposed to the respondent no 9 may hold protests in the state of Punjab which may extend to activities like burning effigies/traffic jams/dharnas to express displeasure against the temporary release of respondent no -9,” the Punjab government told the court.

    In 2021, the dera chief, along with four others, was also convicted for hatching a conspiracy to kill Ranjit Singh, a dera manager. The dera chief and three others were convicted in 2019 for the murder of a journalist more than 16 years ago.

    [ad_2]
    #Frequent #parole #Gurmeet #Ram #Rahim #create #law #order #problems #Punjab #govt

    ( With inputs from www.siasat.com )