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SEBI mandates shareholder e-voting option | lawyers, law firms service tax exempted | Clifford Chance reviews deal-catching strategy | NAC ignores unconstitutional provisions in disabilities bill | SEBI for single clearing corp | FDI in pharma ...

SEBI makes it mandatory for top 500 listed Indian companies, by market capitalisation, to provide electronic voting facilities to shareholders; Plans to create Qualified Audit Report review committee to enhance the quality of financial reporting done by listed entities; Plans to amend SEBI (ICDR) Regulations to allow companies to issue IPO only after minimum 90 per cent subscription; Approves a list of changes to offer-for-sale mechanism [4 Traders]

Ministry of finance notifies service tax exemption for individual advocates and partnership firm of advocates; exemption applies to legal services provided to individual advocates, partnership firm of advocates, any person other than a business entity, and a business entity with turnover up to Rs 10 lakh in preceding financial year [ITAT Online]

Clifford Chance management advises partners to bring in corporate deals through the firm’s banking and finance relationships, and also grow the US business after many recent litigation-partner departures in the US practice [The Lawyer]

Amendments to Persons with Disabilities Bill 2011, that are recommended by National Advisory Council ignore the unconstitutionality of provisions for reservations for disabled in the private sector, as are part f the bill [Indian Express]

SEBI follows arguably risky plan of having a single clearing corporation instead of many competing ones, or even many interoperable clearing corporations [Mint]

Inter-ministerial group for FDI on brownfield proposals (investment in existing company) in pharma sector, decides to do away with the mandatory compliance-hurdle of transfer of technology by foreign investors to target companies; group also specifies minimum quantity of generic medicines produced for domestic use [Business Standard]

In patent infringement dispute, US judge tells Apple it can’t sue in federal court because it was “really annoyed” even though it “sustained no injury of any sort”; Apple was asking for nominal damages from Motorola [Techdirt]

New York intellectual property law firm sues cyber-security expert for domain name infringement; Website with the wrong spelling of the law firm’s name was being misused to intercept email going to the firm’s lawyers  [ABA Journal]

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