Maintainability of 2G presidential reference gets challenged on first day of hearing in SC by CPIL. Soli Sorabjee, acting for CPIL, says SC has no ‘reference jurisdiction’ to opine on the correctness of its own judgement, when the judgement is final after a review petition against it was withdrawn [Hindu Businessline]

SEBI allows MCX-SX to become a full-fledged stock exchange which can deal in equity and equity futures and options, interest rate futures and wholesale debt segments. The approval is subject to reduction of promoters MCX’s and FTIL’s shareholding in MCX-SX to 5 per cent or less within 18 months [Mint]

Primer to BCI-HRD fight: The HER bill requires BCI to preside over the expert advisory group on legal education, lists BCI as a ‘professional body’ in its first schedule, and defines its role in legal education. This leaves BCI’s claim of usurpation of its power under the bill, limited to the power to recognise law schools. [Subjudiced]

Delhi advocate writes to Sonia Gandhi asking her to nominate him in India’s upcoming presidential elections. Promises ‘miracles’ including resolution of Ayodhya, terrorism, and country’s external debt on his assuming “presidentship” [via Twitter’s @alokpi]