I recently worked in a law firm where the partner would take money in cash and pay to officers to arrange approvals and all from regulators and authorities. How common is it in law firms? This firm is well known in its practice area.
This is a cheeky comment trying to allude to a certain law firm named in a recent scandal. But there remains no evidence of involvement of this law firm.
No. So they run approval checks and when not avaliable directly "get" those approvals themselves. Can't blame them, the bbmp will not move a finger unless 40% funds are diverted to them, sad reality
Two top firms have hired sons of senior officers of SEBI and another regulatory body. One son has become a rising star in ▮▮▮ (without understanding a lick of ▮▮▮) and the other has become an ▮▮▮ in ▮▮▮ ▮▮▮ (without majority of his experience during Covid).
The one in ▮▮▮ ▮▮▮ has become a tool
for ensures speedy approvals from his father's friends in ▮▮▮.
Surprisingly, the third top firm has hired the daughter of a very very senior official of ▮▮▮ due to which ▮▮▮ officers themselves promise very very speedy approval for ▮▮▮/▮▮▮ etc, provided the transaction bears the approval from the third top firm.
In return, the ▮▮▮ has been promised partnership in April 2024. Watch this space.
Sab jagah hota hai. Client se bhi hum openly bolte hain itna upar se dena padega. There are creative ways to do the same, not everything is cold hard cash.
Even apex court people did it. They don't do it openly and obviously, of course. There are designated hotel rooms in certain metro cities where deposits are taken, IYKYK.
More than Apex Court judges,its the Registry there who are shamelessly corrupt.And judges are either too busy to understand how certain matters never get posted,some matters don't stop getting listed till final decision made,how certain lines mysteriously disppaear or get changes in orders, how certain lines get added in orders etc etc.Some judges know and some judges have no clue.Judges don't know ki corrupt bhukkad Registry khata hai aur bill aata hi Judges ke naam pe.
Those allegation by CM against the SC Judge are very much true but it never comes out because the "Adminsitrative inquiry"is just a way of ensuring clean chit to the Judge as public never comes to know what happens in these inquiries.
Almost agree.But the Court master,listing department, the Section Registrar,the Dealing Assistant ,the Registrar(Jud) - all are so unscrupulously and stealthily corrupt that if all the Judges knew they would be aghast and throw them in jail.Remember the way how Justice .R Nariman had filed a FIR again his own Court master?This happens in every Court of the SC.But the Judges have no clue how much corruption and extortion the Registry is engaged in.They also dont knowledge the extent to which certain Registrars are in bed with some lawyers and Law firms in particular and even some political parties.At law firms its a regular oractise to manage the board because listing department has "discretion" and are not required to "follow Suppreme Court rules". The Judges dont know how Court masters change their orders by adding one word here and there.If its caught, they will say its a"mistake"And there are some Judges who know and did something about its like Justice R Nariman. Meanwhile people go back to home towns and abuse the Judges for the sins of the Registry with the impression that its the Judges who are doing this when its the Registry thats upto this kind of interference.
Apt description same type of malpractice goes at district court level where some jujd might be in globes with court master who grafts for some favourable listing or order. Most inefficiency of court flows due to Administration of court / that court master/ typist / registry. Skme serious law or rules should be made by govt to tightly regulate the affairs
I understand and agree with the disdain directed to CAM, but ▮▮▮ is an absolute angel and has transformed the market real quick. Cannot say the same about other statutory bodies however.
Did anyone realise that Pramod Rao is no longer the head of the Legal Dept at SEBI and rather the head of the Hybrid Securities dept (looking at Invits and reits), even though the public notification basis which he was appointed was only for ED-Law. Sandeep Parekh (founder of finsec) was also laterally appointed as ED-Law at one time, dont recall him overseeing any other deptmnt apart from Law Deptmnt in SEBI.
Pramod Rao happens to be the ex-GC of ICICI. And somehow he is declared fit to leave aside the job his lateral entry in SEBI was for and is fit to undertake overseeing the hybrid securities issuance and regulation in India.
Chronology samjhe.Madhbi Puri Much,ex ICICi and best friends with Cyril Shriff from AMSS days.Then Pramod Rao Ex ICICI best friends with AMSS,whole are leaw dieum for ICICI beta hired.Fire in Adani land by Hidenburg.Pramod Rap transferred to souse fires.SEBI under Madhbi steps up to protect Adani
Oh please ! The above comment clearly points to the fact that you have no idea how sebi works! The hybrid securities department of which Pramod Rao is head is not overseeing the Hindenburg related investigation! The CFID is looking at it!
The one in ▮▮▮ ▮▮▮ has become a tool
for ensures speedy approvals from his father's friends in ▮▮▮.
Surprisingly, the third top firm has hired the daughter of a very very senior official of ▮▮▮ due to which ▮▮▮ officers themselves promise very very speedy approval for ▮▮▮/▮▮▮ etc, provided the transaction bears the approval from the third top firm.
In return, the ▮▮▮ has been promised partnership in April 2024. Watch this space.
That's the least amount of fixing.
This profession is far from noble.
Else, Lage raho munna bhai.... Sweat shops
Kitna dena padega?
This is legal profession, why would people come to us?
Shanti Bhushan: Eight chief justices were corrupt: Ex-law minister - The Economic Times (indiatimes.com)
https://www.barandbench.com/news/litigation/cbi-registers-second-corruption-case-former-allahabad-high-court-judge-justice-sn-shukla
Did you hear about the news where a former Judge of karnataka High court gave someone a bribe of 6 crore for a gubernatorial appointment.
The person who took bribe was arrested, but no inquiry on where the judge got the money.
Pramod Rao happens to be the ex-GC of ICICI. And somehow he is declared fit to leave aside the job his lateral entry in SEBI was for and is fit to undertake overseeing the hybrid securities issuance and regulation in India.
Guess ICICI chaps can do anything under the sun.
London me uska 3rd marriage karwa diya mudiya ji ne aur yaha UCC.