Important Legal News: April 2019.

• Unregulated Deposit Schemes Ordinance 2019.

• Objective: To ban Unregulated Deposit Schemes and to protect the interest of the depositors.
• It aims to prevent such unregulated deposit schemes (not registered with any government regulators like RBI or SEBI) or arrangements at their inception.
• It also makes soliciting, inviting or accepting deposits pursuant to an unregulated deposited scheme as a punishable offence.

• Wildlife First & Ors. Vs. Ministry of Environment & Forests & Ors. 


• SC ordered eviction of nearly one million persons from forest lands across states, who failed to establish their claims as forest-dwellers under the Scheduled Tribes and Other Forest Dwellers (Recognition of Forest Rights) Act 2006(Forests Rights Act).

International Financial Services Centres Authority Bill, 2019.

• Objective: to set up a unified authority to regulate all financial services in IFSCs in the country.
• An IFSC caters to customers outside the jurisdiction of the domestic economy. Such centres deal with flows of finance, financial products and services across borders. 
• The authority will exercise powers and perform functions of RBI, SEBI, IRDAI And PFRDA.

Govt of NCT of Delhi v. Union of India.

• The SC held following: 
1. Control of services: bench differed. Hence decided to refer it to a larger bench.
2. Power of Anti-Corruption Bureau (ACB): ACB is under exclusive authority of LG & Delhi government has no power in this regard.
3. Appointment of Special Public Prosecutor: LG is bound by aid and advise of Council of Ministers.