Company Law : Explore the nuances between Preferential Allotment and Private Placement in corporate financing. Understand their differences in r...
Company Law : Step-by-step guide on issuing equity shares through private placement, including timelines, required documents, and regulatory com...
Company Law : Learn about Private Placement under Section 42 of the Companies Act, 2013 and its rules & forms. Understand the investment thresho...
CA, CS, CMA : Discover the seamless process for A Listed Company issuing Non-Convertible Debentures (NCD) on a private placement basis. Learn ab...
Company Law : Learn about private placement in companies, including its regulations, conditions, and compliance requirements. Understand the adv...
Income Tax : A bill enabling the State Bank of India (SBI) to split its shares and issue bonus shares may be placed in the current winter sessi...
Income Tax : The Taxpayer incurred interest expenditure on the funds borrowed for investing in shares of a company, with a view to acquire cont...
Company Law : The MCA has penalized Richesm Healthcare Limited for making private placement offers without closing previous ones. Learn more abo...
Company Law : The facts of case reveal that Ambium Finserve issued debentures on a private placement basis without completing first allotment, w...
Company Law : Government imposes Rs. 2.89 crore penalty on Mayasheel Retail India for violating private placement rules. Explore the case detail...
Company Law : Ministry of Corporate Affairs fines Planify Capital Ltd. Rs. 7 Crore for breaching Companies Act with unauthorized securities issu...
Company Law : MCA imposes penalty on Motisons Jewellers Ltd for issuing private placement offer before filing special resolution. Detailed analy...
A bill enabling the State Bank of India (SBI) to split its shares and issue bonus shares may be placed in the current winter session of Parliament. Besides, the amendments to the State Bank of India Act, 1955, envisage the preferential or private placement of shares. The SBI (Amendment) Bill also proposes to allow India’s No. 1 bank to bring down the government holding to 51 per cent, which is on a par with other nationalised banks.
Interest paid on funds borrowed for acquiring controlling stake in a company will not be exempt from tax. The Income Tax Appellate Tribunal (ITAT) has ruled that such expenditure for investing in shares of a company cannot be exempted, since it has not been incurred ‘wholly and exclusively’ for the purpose of earning dividend income.
