The Ministry of Corporate Affairs announces the appointment of new Judicial and Technical Members in the National Company Law Tribunal.
In Associate Décor Limited Vs Deputy Commissioner case, Karnataka HC weighs moratorium’s effect on tax proceedings under IBC, halting them pending resolution.
CBDT issued Notification No. 29/2023- Income-Tax specifying certain classes of persons for the purpose of sub-clause (ii) of the first proviso to clause (viib) of sub-section (2) of Section 56 of the Income Tax Act. The notification includes government and government-related investors, banks or entities involved in insurance business subject to applicable regulations, and various entities […]
SEBI Consultation paper on draft SEBI (Prohibition of Unexplained Suspicious Trading Activities in the Securities Market) Regulations, 2023 Securities and Exchange Board of India (SEBI) has released a consultation paper to gather public comments on the draft SEBI (Prohibition of Unexplained Suspicious Trading Activities in the Securities Market) Regulations, 2023. The objective of the paper […]
SEBI Consultation Paper on Price Band formulation for scrips in Equity Derivatives segment to strengthen volatility management and minimise information asymmetry
SEBI has issued a circular requiring REITs to hold securities of holding companies and SPVs in dematerialized form only.
SEBI issued a circular requiring Infrastructure Investment Trusts (InvITs) to hold securities of Hold Cos and SPVs (Special Purpose Vehicles) in dematerialized form.
Malwa Coop. L & C Society Ltd Vs ITO (ITAT Amritsar) In its fact, that the gross receipt should be determined by allowing the reasonable deduction of the items like TDS, VAT, security letter cess and other deduction. Accordingly, the assessee made a correct calculation related to calculation of the contract receipt. Both the Revenue […]
For effective regulation of Mutual Fund Industry, the Securities and Exchange Board of India (“SEBI”) has been issuing various circulars from time to time. In order to enable the stakeholders to have an access to all the applicable regulatory requirements at one place, the provisions of the said circulars issued till March 31, 2023 are incorporated in this Master Circular for Mutual Funds.
Ministry of Finance issues Instruction No. 17/2023-Customs regarding the requirement of EPR (Extended Producer Responsibility) registration certificate for the import of batteries and equipment containing batteries. The Central Pollution Control Board (CPCB) has highlighted the Battery Waste Management (BWM) Rules, 2022, which supersede the earlier Batteries (Management and Handling) Rules, 2001. All producers, including importers, […]
