"09 June 2012" Archive

Company Law Board & SARFAESI proceedings?

Company Law Board exercises very important functions under section 397/398 of the Companies Act, 1956 providing relief to the shareholders against ‘oppression and mis-management’ in the Company. When a group of shareholders are oppressed in any company or the company is mis-managed causing loss to the interests of the shareholders, sh...

Read More
Posted Under: Corporate Law |

A subsidiary created for Indian business is PE of foreign parent

Re. Aramex International Logistics Private Limited (AAR Delhi)

Paragraph 8 of Article 5 of the DTAC provides that where an agent of an independent status to whom paragraph 9 does not apply, is acting in a Contracting State on behalf of an enterprise of the other contracting state, that enterprise shall be deemed to have a permanent establishment, notwithstanding paragraphs 1 and 2 of Article 5, if it...

Read More

External Commercial Borrowings (ECB) For Civil Aviation Sector

The Civil Aviation sector includes Airports, Scheduled and Non-Scheduled domestic passenger airlines, Helicopter services/Seaplane services, Ground Handling Services, Maintenance and Repair organizations; Flying training institutes; and Technical training institutions....

Read More
Posted Under: Corporate Law |

Reverse Charge – Practical Issues, Invoice & Cenvat

Service tax legislation has been amended vigorously by Finance Act, 2012. One such amendment relates to the increase in number of services that shall be subject to reverse charge mechanism. The intention behind such restructuring is that it has been noticed that a number of registrants collect the tax but do not pay the same to the Depart...

Read More
Posted Under: Corporate Law |

PMO writes to Anna Hazare addressing the issues raised by him

The Government has tabled a strong Lokpal Bill in Parliament which has features that are more progressive than in any Bill tabled before. This Bill has been prepared after extensive discussions with you and your colleagues and all suggestions that were considered to be feasible have been incorporated. This Bill has been passed by the Lok ...

Read More
Posted Under: Corporate Law |

In the absence of any violation noted by RBI regarding activities of a liaison office, it does not constitute a PE in India

Metal One Corporation, Vs Dy. Director of Income-tax (ITAT Delhi)

India does not subscribe to the OECD model; hence, the commentary may have only persuasive value. However, it is needed to examine whether the India office was carrying on any essential and significant part of the activity in the scheme of business of the assessee. The Tribunal concurred with the decision of the case laws relied on by th...

Read More

Search Posts by Date

December 2022
M T W T F S S
 1234
567891011
12131415161718
19202122232425
262728293031