Current Legal Update

ISS Rejects Elon Musk’s $1 Trillion Tesla Pay Plan, Urges Shareholders to Vote ‘No

The strongly influential institution, which counsels the biggest investors on their voting votes in corporate activities is some of the largest institutions known as the Institutional Shareholder Services (ISS) which has dealt a huge blow to Elon Musk. The company has formally advised Tesla shareholders to vote against an initiative to approve the gigantic compensation package of Musk in 2018.

Current Legal Update

Enforcement Directorate Mandates Director’s Approval for Summoning Lawyers: A Response to Arvind Datar Controversy

A major milestone was when Enforcement Directorate recalled a summons issued to Senior Advocate Pratap Venugopal on the ground of supposed irregularities in the ESOP allocation by Care Health Insurance Ltd. The move highlights the provision of security to protesters the section 132 of the Bhartiya Sakshya Adhiniyam, 2023.