Vidhi Centre for Legal Policy’s Post

"In 2023, India’s surging stock market witnessed 57 new #IPOs, raising a combined total of $5.9 billion. However, a closer look at the Securities and Exchange Board of India’s (#SEBI) history of encounters with cases of IPO fund misappropriation compels a temperance of optimism. The misuse of IPO funds is not simply an accounting problem. It has broader implications for the economy. When companies misallocate their IPO proceeds, they forego opportunities to invest in research and development, expand into new markets, and create jobs. However, resolving the issue of IPO fund diversion throws up several unique problems from the perspective of all the parties involved." Read more about it in the #blog below ⤵ https://lnkd.in/dsnwZxAg #FundDiversion #CorporateLaw #Legal #IndianEconomy #Finance Shuchi Agrawal Isha Ahlawat

"Recent instances of #LowerCourts and #Tribunals outright ignoring the orders of the Supreme Court point to a worrying breakdown of judicial discipline across the country." Read Alok Prasanna's thoughts on the "Supreme Court’s loss of moral authority and credibility over the last few years" and what it will take to reverse this trend in the article below ⤵ 💡 https://bit.ly/3B4vT5R Navami Krishnamurthy, research fellow at the Vidhi Centre for Legal Policy, provided #research inputs for this column.

The Urban Development Department, Government of Karnataka had released the Draft BBMP Advertising Bye-laws, 2024 for public comments. The draft bye-laws aimed to improve finances of the Bruhat Bengaluru Mahanagara Palike (BBMP) by imposing an #advertisement fee. While the imposition of advertisement fees creates an important revenue source for city corporations, issues around #RoadSafety, #Environmental restrictions, aesthetics, etc. are of paramount significance. Vidhi Karnataka submitted comments on the draft bye-laws, on what we think should be considerations for a law which seeks to regulate outdoor advertisements. The submission is divided into two parts. The first part addresses the primary considerations that the BBMP must consider while drafting such a law and the second part provides clause-by-clause comments on provisions that require re-consideration. Read the highlights of our submission and the detailed submission here ⤵ 📑 https://lnkd.in/dDu5Guwa Sneha Priya Yanappa Deepa Padmar Varini G Sourabh Roy

There has been a constitutionally-imposed freeze on the reapportionment of seats in the #LokSabha since the 1970s. This means that the current allocation of seats to states in the Lok Sabha is based on population figures from more than 4 decades ago! #Delimitation is the process by which the boundaries of electoral constituencies are fixed. The outcome of delimitation determines how many seats each state gets in the #ParliamentofIndia, making this exercise critical to the composition of the national legislature. Watch this short #explainer to get a better grasp on what delimitation is and the principles behind it ⤵ 🎬 https://lnkd.in/dRXSCU8z 📒 Read our report here ➡ https://lnkd.in/dKUfiKgM

On August 4th, 2024, Vidhi's Kautilya Society organised a workshop on #careers in public policy at Symbiosis Law School, Pune. The workshop was conducted by Aditya Prasanna Bhattacharya, Senior Resident Fellow at Vidhi Centre for Legal Policy and Swapnil Tripathi, D. Phil Candidate at the University of Oxford and Senior Associate Fellow at Vidhi. The session provided students with valuable insights and guidance on exploring career opportunities in #PublicPolicy. It emphasized how this field is crucial for addressing complex societal challenges, shaping effective governance, and advocating for equitable solutions. By exploring careers in public policy, students can contribute to impactful change, influence legislation, and help build a more just and informed society.

With the #GeneralElections2024 now long over, India should ideally be embarking on two critical tasks - first, the population census, and second, delimitation of India’s electoral constituencies. #Delimitation and subsequent reapportionment of seats in Parliament is expected to follow every decennial #census to account for population changes. However, there has been a constitutionally-imposed freeze on the reapportionment of seats in the Lok Sabha since the 1970s. ❗ This means that the current allocation of seats to states in the #LokSabha is based on population figures from more than 4 decades ago ❗ The freeze is expected to be lifted in 2026, which means that the time to ask critical questions about delimitation and apportionment of seats is now. Vidhi’s new #research report decodes the principle of #PoliticalEquality, explores the contours of Indian federalism, and proposes #reform alternatives and approaches for the upcoming apportionment of seats in Parliament. Read the report here ⤵ https://lnkd.in/dKUfiKgM Lalit Panda Ritwika Sharma Mayuri Gupta

Registrations are still open for 🌿 The Green Mandate Season 3 🌿 where we'll dive into the critical role of Eco-Sensitive Zones (ESZs) and Eco-Sensitive Areas (ESAs) in preserving India's rich ecosystems and wildlife habitats beyond Protected Areas. Register here ➡ https://bit.ly/3XuSOjo 🗓️ 12th September, 2024 🕰️ 6:00 PM 📍 Lecture Room- II, India International Centre (Annexe), New Delhi We’re honored to host an engaging panel discussion featuring two distinguished Indian Forest Services officers: Mr. B.K. Singh, Former PCCF (HOFF) Karnataka, and Ms. Prakriti Srivastava, Former PCCF Kerala. This conversation will be moderated by Debadityo Sinha, Lead Climate & Ecosystems, Vidhi, as we explore the 'ESA/ESZ Approach in Ecosystem Conservation.' More details ➡ https://bit.ly/3X32AYs #TheGreenMandate #Conservation #Sustainability #Environment #ESZ #ESA

In the third part of our 'Your Rights as a Consumer with Disabilities' series, we explore how #IndianCourts and consumer forums have upheld the #rights of consumers with disabilities in accessing a wide range of goods and services. To know more about the rights of consumers with #disabilities, read our report 'Disabled Friendly Consumer Protection' here ⤵ https://lnkd.in/dtQcVrhy Somya Jain Manmayi Sharma Damini Ghosh Rahul Bajaj

Navami Krishnamurthy recounts her experiences as a #FirstGeneration lawyer working at the Karnataka High Court in her blog, "Courting Time." The author highlights that while #litigation as a #career is considered to be fast-paced, lawyers have to play a long-waiting game. The unreliability of the causelist, the impact of seasonal fluctuations, and the inadequate infrastructure make the system slow and unpredictable. Despite these frustrations, she learned the importance of patience and found that the year passed quickly. Read the blog here ➡ https://bit.ly/47lcKJ1 You can also get your piece published in JALDI's Notes from the Field. 🌟 Send your entries to jaldi@vidhilegalpolicy.in 🌟

Vidhi, in collaboration with the India International Centre, hosted ‘The Working of the #IndianConstitution: Stories and Scholarship’. The 5th episode focused on #Bail in High Profile cases, with the recent Arvind Kejriwal case as the kickstarter. The discussion, held between Sidharth Luthra, Senior Advocate, Supreme Court of India and Arghya Sengupta, Founder and Research Director, Vidhi Centre for Legal Policy, is now up on Spotify and Soundcloud. Spotify ▶ https://bit.ly/3XcM2NU Soundcloud ▶ https://bit.ly/3XhtzQb