Liquidity in the listed securities is a crucial determinant of success of Stock Exchanges in any jurisdiction. However, in a nascent stage of a jurisdiction, attracting liquidity on a Stock Exchange may require certain incentives for market participants.
SEBI directed the Exchanges to put in place a framework to monitor submissions made by listed entities and to initiate actions such as levy of penalties, moving of security to ‘Z’ category, freezing of promoter holdings and suspension of trading in securities of non-compliant listed entities
In re Worley Services India Private Limited (GST AAR Maharashtra) Question 1:- Whether the services provided by the Applicant are classified under SI. No. 24(ii) of heading 9986 of the Rate Notification as ‘Support services to exploration, mining or drilling of petroleum crude or natural gas or both’ under SAC 998621 and attracts GST @ 12% […]
Sabu M. Jacob Vs State of Kerala (Kerala High Court) The sum and substance of the prosecution case is that, the petitioner who is the Managing Director of Kitex Garments Limited failed to ensure, health, safety and welfare of the workers, while they were at work in the factory by providing and maintaining arrangements for […]
Sohan Singh Rao Vs Union of India (Rajasthan High Court) It is admitted position that the petitioner and Vinaykant Ameta were Director in M/s Miraj Products Private Limited. As per the prosecution story, they had evaded tax of Rs. 869 Crores. GST department had seized one truck which was being unloaded at their premises. The […]
Lufthansa German Airlines Vs DCIT (ITAT Delhi) The question is whether the User Development Fee (UDF) collection charges paid by AAI to the Lufthansa German Airlines (Assessee) is income derived from operation of aircraft not liable to tax in India as per Article 8 of DTAA between India and Germany. As the effective management of […]
Banks were advised to consider using lockable cassettes in their ATMs which shall be swapped at the time of cash replenishment and achieve such cassette swap by March 31, 2022 and on request RBI extends the timeline for implementation of cassette swap in all ATMs till March 31, 2023. Reserve Bank of India RBI/2021-22/190 DCM […]
Q.1 What is Aadhaar Authentication history? Ans. Aadhaar Authentication history service hosted on UIDAI Website provides details of authentication performed by the individual resident in past. Q.2 Where can a resident check his/her Aadhaar Authentication history? Ans. Authentication History service is hosted on UIDAI Website at URL https://resident.uidai.gov.in/aadhaar-auth-history. Q.3 What is the procedure for checking Aadhaar […]
Pawan Kumar Vs Commissioner of Customs (CESTAT Chandigarh) The appellant is in appeal against the impugned order wherein the penalties have been imposed under section 112 (a) and section 114AA of Customs Act, 1962 for alleged preparation of fake TR-6 challans showing payment of customs duty which actually was not paid by the appellant. Ld. […]
Delhi High Court upholds conviction in cheque bounce case. Revision petition dismissed. Learn more about the legal implications of bounced cheques.
