Viral Mehta
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Financial Express,
FlyerTalk,
JD Supra,
Mondaq,
IAEME Publications,
Hochparterre,
Legal Era Online
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Resignation of Directors: The Last Fiduciary Duty
Resignation of Directors: The Last Fiduciary Duty Remaining silent when they should speak out can do a disservice to shareholders, who may only learn about serious issues too late, potentially jeopardizing their investments. At the same time, speaking in vague or uncertain terms can be equally catastrophic for the company Recently, the chair of India’s largest private sector bank quit suddenly citing disagreement over values and ethics.
Online gaming law misses the point
By Viral Mehta The Promotion and Regulation of Online Gaming Act, 2025 (PROGA), appears to be founded on the belief that money is the root of all evil. It imposes a nationwide ban on online games played with money. PROGA’s proponents argue that online money games are addictive, entice the youth to squander their earnings leading to financial distress, and are at times connected to illicit financial activities, posing a threat to public order.
The Court Of Appeal Deals Another Blow To Conservation Pricing By Municipally-Owned Water Systems
In San Diego, the City owns and operates the local water utility system, which provides potable water to its 1.4 million residents. As with many utilities, the water system is designed to be self-supporting and its revenues and expenses are segregated from other City operations. In 2014, the City imposed a tiered rate structure, arguing that it encourages conservation by single-family residential customers (SFR).
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