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Archive: 13 August 2021

Posts in 13 August 2021

NCLT has sole Jurisdiction in handling matters of Insolvency of Corporate Debtor

August 13, 2021 660 Views 0 comment Print

In M/s. Kotak Mahindra Bank Limited v. K. Bharathi and Ors [W.P.No.12957 of 2021 dated August 5, 2021], the petition has been filed under the writ of Mandamus directing the Hon’ble National Company Law Tribunal, Chennai (NCLT) to dispose of the application filed by M/s. Kotak Mahindra Bank Limited (the Petitioner) in MA No.538 of […]

Advance Ruling cannot be provided in absence of necessary & requisite details

August 13, 2021 528 Views 0 comment Print

In Shri Kottoor Mathew Jose Mathew, M/s. Jose Matthew and Co. [Advance Ruling No. KER/123/2021 dated May 31, 2021], Shri Kottoor Mathew Jose Mathew (Applicant) has sought an advance ruling on the following issues: Whether there lies any tax liability on the discount received through credit notes. Consequences of treating credit notes after showing Goods […]

Amendment enhancing exempt Gratuity Limit cannot be treated to be retrospective: SC

August 13, 2021 1518 Views 0 comment Print

Krishna Gopal Tiwary & Anr. Vs Union of India (Supreme Court) What is exempt from the Income Tax Act is the amount of gratuity received under the Gratuity Act to the extent it does not exceed an amount calculated in accordance with the provisions of sub-sections (2) and (3) of Section 4 of the Gratuity […]

SEBI (Substantial Acquisition of Shares and Takeovers) (Second Amendment) Regulations, 2021

August 13, 2021 17022 Views 0 comment Print

1. These regulations may be called the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) (Second Amendment) Regulations, 2021. 2. They shall come into force from April 1, 2022.

SEBI (Depositories and Participants) (Amendment) Regulations, 2021

August 13, 2021 1743 Views 0 comment Print

1. These regulations may be called the Securities and Exchange Board of India (Depositories and Participants) (Amendment) Regulations, 2021. 2. They shall come into force on the date of their publication in the Official Gazette.

SEBI (Listing Obligations and Disclosure Requirements) (Fourth Amendment) Regulations, 2021

August 13, 2021 3300 Views 0 comment Print

1. These regulations may be called the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Fourth Amendment) Regulations, 2021. 2. They shall come into force on the date of their publication in the Official Gazette.

SEBI (Alternative Investment Funds) (Fourth Amendment) Regulations, 2021

August 13, 2021 2286 Views 0 comment Print

1. These regulations may be called the Securities and Exchange Board of India (Alternative Investment Funds) (Fourth Amendment) Regulations, 2021. 2. They shall come into force on the date of their publication in the Official Gazette:

SEBI (Share Based Employee Benefits And Sweat Equity) Regulations, 2021

August 13, 2021 6600 Views 0 comment Print

(1) These regulations may be called the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. (2) They shall come into force on the date of their publication in the Official Gazette.

Phishing websites hosted on NGROK platform, targeting Indian banking customers

August 13, 2021 1053 Views 0 comment Print

It has been observed that Indian banking customers are being targeted by a new type of phishing attack using ngrok platform. The malicious actors have abused the ngrok platform to host phishing websites impersonating internet banking portals of Indian banks.

Manual filing of disclosures under SEBI PIT Regulations not mandatory now

August 13, 2021 2967 Views 0 comment Print

Listed companies who have complied with requirements of the circular dated September 09, 2020, the manual filing of disclosures as required under Regulation 7(2) (a) & (b) of PIT Regulations is no longer mandatory.

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