Constitution & Law Current Affairs - 2020

Summary of latest bill and acts passed or pending in 2019 in Parliament of India with their salient features and issues for Current Affairs 2019 preparation for various examinations such as UPSC, SSC, State Civil Services, CLAT, Judicial Services etc.

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SC dismisses Sangma’s petition against Pranab’s election as President

The apex court dismissed a petition filed by former Lok Sabha Speaker P.A. Sangma challenging the election of senior Congress leader Pranab Mukherjee as President. Chief Justice Altmas Kabir held that Sangma’s petition was not maintainable for regular hearing.

What was the issue?

Sangma had alleged that Mukherjee was holding an office of profit as the Chairman of the Indian Statistical Institute when he filed his nomination papers. This could make him ineligible to contest for the post of President. But the plea before the Supreme Court was dismissed by a majority of 3-2.

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SC gives Sahara more time to repay bond investors

The Supreme Court gave temporary relief to Sahara group when it gave the company more time to repay the money it had raised from investors through bond sales that were later ruled to be illegal.

The court has ordered Sahara to initially deposit Rs.5,120 crore with the capital market regulator (SEBI) and pay the remainder in two installments in January and February.

In its August ruling, the court had given Sahara 90 days time to repay as much as Rs.24,000 crore collected from nearly 30 million mostly small investors, plus interest of 15% a year, to the Securities and Exchange Board of India (SEBI).

The company has also been ordered to furnish detailed documents with the regulator if it had refunded any money collected through the sale of Optionally Fully Convertible Debentures (OFCDs) to investors.

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