1. INTRODUCTION The Takeover Activity has significantly diminished since the outbreak of the pandemic, in addition to the added challenge of uncertainty posed to buyers, target company and investors by COVID-19. Consequently, leading to the decrease in share prices of many public companies worldwide, with businesses facing unpredictability relating to long-term impacts of the crisis. […]
The arbitrability of disputes for which statutory remedy is provided for becomes a difficult question to answer. Arbitrability refer to whether a dispute could be subjected to arbitration or not.[1] Section 242 and 243 of the Companies Act, 1956 are analogous to sections 397, 398 and 402 of the Companies Act, 1956 which deals with […]
Satyam Case is a tale of irony in the name of the company. The word ‘Satyam’ means truth whereas the Satyam Case is about the untruthful deeds by the promoters of the company. Satyam was a public-listed company enjoying high level international reputation.
Considering the fact that, e-commerce has gained wide popularity given easy access in India and shopping at the comfort of the home. The Government of India has notified a new set of rules for the safety and betterment of consumers in India to be in effect from 20th July 2020. The Central Government has notified […]
Securities and Exchange Board of India has again amended the Prohibition of Insider Trading, Regulations 2020 issuing the circular on 17 July 2020. Read – SEBI (Prohibition of Insider Trading) (Amendment) Regulations, 2020 The Main Amendments are in relation of Digital Structure Database, Marinating of Records of UPSI, Transfer of amounts in Investor Education and […]
The issue under consideration is whether the CIT(A) was justified in confirming the disallowance made u/s. 40(a)(ia) on account of advertisement expenses paid to News Paper Agencies, incurred without deduction of tax at source?
Introduction The Micro, Small and Medium Enterprises (MSME) sector has become a highly vibrant and dynamic sector of the Indian economy in the last five decades. MSMEs not only play an important role in providing large employment opportunities at lower capital costs than large industries, but also help in the industrialization of rural and backward […]
SEC-194N- TDS ON CASH WITHDRAWAL (inserted w.e.f. 01.09.2019) Section 194N provides that any person being (Payer) (i) a banking company (ii) a cooperative society carrying on business of banking (iii) a post office who is responsible to pay, in cash, any sum or aggregate of sums exceeding 1 crore rupees during the previous year, to any person (recipient) […]
Introduction of PAS-6 in Corporate System Form PAS-6 (Reconciliation of Share Capital Audit Report on a half-yearly basis) and It’s Applicability The introduction of PAS-6 by the Ministry of Corporate Affairs in pursuance to the sub-rule (8) of rule 9A of the Companies (Prospectus and Allotment of Securities) Rules, 2014 which amended vide Companies (Prospectus […]
The issue under consideration is whether the non-compete fee could be taxed under any provision other than Section 28(ii)(a) of the Income Tax Act, 1961?
