Important Legal News: May 2019

Association for Democratic Reforms v. Union of India.

• In petitions, challenging the Scheme, filed by the NGOs Common Cause and Association for Democratic Reforms(ADR) and CPI (M), the SC declined to stay the controversial Electoral Bonds Scheme observing that the question could not be determined on the basis of a short hearing.
• But the bench headed by the then Chief Justice Ranjan Gogoi directed all parties to furnish by May 30 information as to the donations received by way of Electoral Bonds (including the identity of the donors, amounts received, details of payments, bank accounts etc) to the Election Commission in sealed covers. 

Satish Chandra Verma v. Union of India.

• The SC held the right to travel abrod as an important basic human right as it nourishes independent and self-determining creative character of the individual, not only by extending his freedoms of action, but also by extending the scope of his experience. 

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.