Names of senior advocates Sidharth Luthra, A S Chandhiok and Rakesh Khanna put forward to become ASGs in SC after law ministry cleared their names for appointment - but LI hears no formal invitation letters been received yet by candidates; Chandhiok is presently ASG in Delhi HC; AG Vahanvati's two year term gets renewed after expiry this month [Zee News]

SEBI investigations in 2011 gross highest for the last five years, though number of completed cases in the last nine months was the lowest in the last five years [Mint]

Companies Bill 2011: Parliamentary standing committee recommends mandatory shareholder endorsement at AGM, for continuation of company's auditors [Financial Express]

Advocates are exempted from service tax on services provided to entity other than business entity; For services provided to business entity and to other advocates, advocates are liable to pay tax but incidence falls on business entity, or other advocate under reverse charge mechanism [Lawyers Club India]

SC reserves verdict in Sahara's appeal challenging SAT order directing refund by Sahara of Rs 17,400 crore collected from investors through issuing optional fully convertible debentures [Law et al News]