The US passes 17 per cent of over 1000 “paid bills” it receives every year from a 40 year old lobbying organisation – ALEC, which has 300 corporations under its wing [The Hindu]

Nepal lacks a constitution and will continue to lack one for several months if a consensus is not reached on the chapter on “formation of states” this Sunday [TOI]

SEBI does away with consent order mechanism for serious offences such as insider trading; Before being challenged in Del HC the mechanism had been used to resolve 1089 cases of suspected wrongdoing [Mint]

Reliance Industries approaches Bombay HC for permission to settle SEBI insider trading allegations under partially repealed consent order mechanism [Economic Times]

Del HC examines delays of more than 5 years in disposal of winding up process of several companies; pulls up office of official liquidator; says claims against debtors of the company expire by limitation [Law et al News]