The article explains the legal framework governing debenture issuance under the Companies Act, 2013. It outlines the types of debentures, compliance obligations, and procedural steps private companies must follow.
The Rajasthan High Court held that a taxpayer who defaults in filing GST returns in one State cannot obtain fresh registration in another State. The ruling reinforces that GST compliance obligations have nationwide implications.
Section 42 of the Companies Act, 2013 permits companies to raise funds from a select group of investors through private placement. Strict compliance with investor limits, approvals, and filing requirements is essential to avoid the issue being treated as a public offer.
RBI’s KYC framework mandates customer identification, risk categorization, and ongoing monitoring to combat money laundering and terrorist financing. Financial institutions must implement robust compliance systems to safeguard the integrity of the financial sector.
The 2025 amendments significantly expand the scope of fast-track mergers by allowing more categories of companies, including eligible unlisted entities and subsidiaries, to bypass the NCLT route.
Resolution Professional (RP) was fully justified in seeking possession through the insolvency process itself, the NCLAT affirmed the NCLT’s eviction order and held that separate eviction suits were not a prerequisite for reclaiming assets owned by a corporate debtor during CIRP.
The Telangana High Court held that Section 254(2) of the Income-tax Act is confined to rectifying mistakes apparent from the record and cannot be used to revisit the merits of an ITAT order.
The Telangana High Court granted interim protection against coercive GST recovery proceedings until the GST Appellate Tribunal becomes operational. The Court directed the taxpayer to deposit 10% of the disputed tax demand and pursue the second appeal before the Tribunal within the prescribed timeline.
The Telangana High Court permitted the taxpayer to withdraw the writ petition challenging a GST demand order and pursue the statutory appeal under Section 107 of the CGST Act.
The Telangana High Court held that if a Sub-Registrar refuses registration, reasons must be recorded and communicated under Section 71 of the Registration Act, 1908.
