Delhi HC Rejects Plea Against BCCI Team Named 'Team India', Terms it a Sheer Waste of Time  ||  Bombay HC: No Absolute Right for Citizens to Access Public Offices  ||  Delhi HC: Suit Withdrawal After Compromise Doesn’t Result in Executable Decree  ||  Delhi HC: ITSC Abolition Doesn’t Void Settlement Pleas Filed Between Feb 1–Mar 31, 2021  ||  Rajasthan HC: State Must Set Up Trauma Centre, Art Institute; Temple Board Can Only Assist  ||  Kerala HC: LIC Cancer Cover Starts From First Diagnosis After Waiting Period, Not Expert Opinion  ||  Kerala HC: Spouse’s Ill Treatment of Children is Cruelty under Section 10(1) Divorce Act  ||  Supreme Court Acquits Chennai Man Sentenced to Death in Child Rape-Murder Case  ||  SC: Only Disclosure Leading to Weapon Recovery Admissible under Section 27 Evidence Act  ||  Supreme Court Orders Strict Enforcement on Helmets, Lane Discipline & Headlight Use    

Madras High Court: No Illegality in Floating LIC IPO Through Money Bill - (23 Mar 2022)

CAPITAL MARKET

Madras High Court has ruled that there is no constitutional illegality in Parliament having amended the Life Insurance Corporation Act, 1956 by way of a Money Bill for floating an Initial Public Offering (IPO) and parting with its shareholding in the corporation to raise Rs 65,000 crore to Rs 70,000 crore initially to the Consolidated Fund of India.

Tags : MADRAS HIGH COURT   LIC IPO  

Share :        

Disclaimer | Copyright 2025 - All Rights Reserved