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Guidelines

ESOP can be granted by company to Doctors exclusively employed with subsidiary

October 19, 2022 5085 Views 0 comment Print

Q. Upon listing of the Company, will it be permissible, as per the SEBI SBEB & SE Regulations, for stock options to be granted under the ESOP Plan 2013 to the doctors who are proposed to be engaged as Eligible Employees. i. Regulation 2(1)(i)(i) of the Securities and Exchange Board of India (Share Based Employee […]

Guidelines on Establishment & Closure of Liaison Office in India by Insurance Company registered outside India

October 17, 2022 2139 Views 0 comment Print

Overseas Insurer applying for opening of LO should have a financially sound track record. A profit making track record during the immediately preceding three financial years in the home country and net worth of not less than USD 65 million shall be the minimum requirement for applying for opening a Liaison office in India.

Government Advisory: Ban on TV Ads for Online Betting Platforms

October 3, 2022 345 Views 0 comment Print

Stay informed about the latest government advisory prohibiting TV channels from airing advertisements related to online betting platforms. Learn about the legal implications and the potential risks involved.

No exemption under Takeover Regulations from disclosure under PIT Regulations

September 21, 2022 1080 Views 0 comment Print

Whether Target Company need to comply with procedural compliances in terms of Regulation 29 of Takeover Regulations and under SEBI (Prohibition of Insider Trading) Regulations (PIT Regulations). Exemption under the Takeover Regulations is provided only from making an open offer but not from the necessary disclosure requirements. Hence, the compliances provided inter-alia under Regulation 29 […]

CBDT issued new Guidelines for compounding of Income Tax offences

September 16, 2022 41667 Views 1 comment Print

Compounding of offences is not a matter of right. However, offences may be compounded by the Competent Authority on satisfaction of the eligibility conditions prescribed in these Guidelines keeping in view factors such as conduct of the person, the nature and magnitude of the offence in the context of the facts and circumstances of each case.

Revised Guideline for Issue of Section 148 Notice

August 1, 2022 91623 Views 1 comment Print

Salient features of new Section 148 to 151A ‘i.e. assessment/reassessment procedure of Income Escaping Assessment

Portfolio manager not accountable for securities held by clients outside PMS

July 18, 2022 1410 Views 0 comment Print

A portfolio manager may not be held accountable for securities held by its clients outside the PMS arrangement.

FAQs on GST applicability on ‘pre-packaged and labelled’ goods

July 17, 2022 9630 Views 0 comment Print

What change has been made with respect to packaged and labelled commodity with effect from the 18th July, 2022 and What is the scope of ‘pre- packaged and labelled’ for the purpose of GST levy on food items like pulses, cereals, and flours?

Income Tax demand Notice due to Tax credit mismatch against Army Officers

July 14, 2022 7014 Views 3 comments Print

ADVISORY NO.: 45 Dated:- 14.07.2022 0/o PCDA(0) Pune, Public Relation office (PRO) Subject: Income Tax Demand Notice under section 143(1) due to mismatch of Tax credit for the Financial Year 2021-22 (AY 2022-23). ********* Your kind attention is invited to the intricate contentious issue of reflecting o/s Income Tax Demand shown against more than Army […]

SEBI reply on purchase of shares by promoter group from open market during pendency of QIP

July 12, 2022 6708 Views 0 comment Print

Whether individual promoters which include the Chairman & Managing Director and Executive Director & CEO of the company or any member of the promoter group can purchase shares of the Company from open market during pendency of QIP? As per regulation 2(1) (g), “insider” means a “connected person” or a person “in possession of or […]

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