Search Results for Tag : Share
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MCA mandates issue & transfer of shares in dematerialised form only(11.09.2018)
The Ministry of Corporate Affairs (MCA) has notified that with effect from 2nd October, 2018, issue of further shares and transfer of all shares by un.....
Tags : Shares, Demat form, Mandatory
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International Cases
In order to be eligible for declaratory relief, shares must not have been suspended from trading for more than five days in the previous 12 months(22.03.2022)
In present matter, on 1 March 2022, the Plaintiff, Buddy Technologies Limited (Buddy Technologies), filed an originating process seeking orders under .....
Tags : Shares, Sale, Cleansing prospectus
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Commission is not required to show any anti-competitive effects of agreement as anti-competitive effects are presumed(23.03.2017)
Present case concerns a complaint referral brought by Competition Commission against Respondents; Dawn Consolidated Holdings (Pty) Ltd ("Dawn"), DPI P.....
Tags : Shareholding Agreement, Contravention, Provision
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Judgments
Rule which creates a disability, even though procedural in nature, can only have a prospective effect(18.12.2020)
Present petition has been filed by the Petitioner praying for a direction, order or writ in the nature of mandamus or any other appropriate writ direc.....
Tags : Shares, Release, Direction
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Share Application Money as transferred by the assessee is ‘Capital Asset’ for the purpose of Income Tax Act, 1961(15.12.2020)
In facts of present case, as a part of corporate restructuring undertaken by the assessee group, it was decided that, shares of certain group entities.....
Tags : Assessment, Share money, Capital Assets
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Right to residence is not an indefeasible right of residence in shared household especially when the daughter-in-law is pitted against aged father-in-law and mother-in-law(17.05.2021)
In instant case, Parties to the present petition are related to each other in a way that Petitioner is the daughter-in-law and Respondents are her par.....
Tags : Right, Shared household, Beneficial interest
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Court to not compel specific performance of contract unless the whole contract can be executed(21.08.2015)
In a case where the Defendant agreed to sell property in its entirety but it later emerged that he had only a third of the share in the property, the .....
Tags : Specific performance, sale, property, part share
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Supreme Court endeavours to protect shareholders from greedy management(25.11.2015)
Transaction buying-back shares purporting to transfer over 15 per cent of total shareholding, particularly when conducted between promoters of a compa.....
Tags : Share, buy-back, minimum price, announcement, cheque
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Profits on sale of shares were liable to taxed under the head capital gains(27.11.2017)
This appeal has been filed by the Revenue for challenging the order of CIT(A) for treating the profit earned by the Assessee from the sale of shares u.....
Tags : Capital Gains, Sale of shares
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Rights of daughters in coparcenary property are not lost merely because a preliminary decree has been passed in a partition suit(01.02.2018)
The Appellants herein contested the suit by claiming that, they were also entitled to share in the joint family properties, being daughters of Gurulin.....
Tags : Partition, Share, Coparceners
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Dispute as to inheritance of shares is a civil dispute cannot be decided in proceedings under Section 241/242 of Companies Act, 2013(06.07.2020)
Present appeals have been preferred against the judgment passed by the National Company Law Appellate Tribunal, New Delhi, (‘the NCLAT’) in Company Ap.....
Tags : Shares, Civil dispute, Maintainability
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Notifications & Circulars
RBI clarifications for start-ups(11.02.2016)
The Reserve Bank of India has issued clarifications relating to acceptance of payments and issue of shares by start-ups. The Bank reiterates, variousl.....
Tags : start-up, payments, shares, clarifications
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Review of Offer for Sale of Shares through stock exchange mechanism(15.02.2016)
The Securities and Exchange Board of India has modified the guidelines on sale of shares through Offer for Sale mechanism in response to suggestions f.....
Tags : Offer for sale, shares, notification, timeframe
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Conditions and manner of providing exit opportunity to dissenting shareholders(17.02.2016)
The Securities and Exchange Board of India notified the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Second .....
Tags : Dissenting shareholder, exit opportunity
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CCI approves acquisition of shareholding in GMR Airports Limited by TUTPL, Valkyrie and Solis under Section 31(1) of Competition Act, 2002(01.10.2019)
CCI approves the acquisition of shareholding in GMR Airports Limited ("GAL") by TRIL Urban Transport Private Limited ("TUTPL"), Valkyrie Investment Pt.....
Tags : Acquisition, Shareholding, GAL
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Operational guidelines for transfer and dematerialization of re-lodged physical shares(02.12.2020)
1. SEBI, vide circular no. SEBI/HO/MIRSD/RTAMB/CIR/P/2020/166 dated September 07, 2020, has fixed March 31, 2021 as the cut-off date for re-lodgment o.....
Tags : Operational guidelines, Transfer, Shares
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CCI approves acquisition of API Holdings Private Limited equity shareholding by CDPQ Private Equity Asia Pte Ltd(23.02.2021)
The Competition Commission of India (CCI) approves acquisition by CDPQ Private Equity Asia Pte. Ltd. ('CDPQ/Acquirer') of equity shareholding of API H.....
Tags : Acquisition, Approval, Equity shareholding
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Extension of time lime for implementation of Phase I of Unified Payments Interface with Application Supported by Block Amount(03.04.2019)
1. This refers to SEBI circular SEBI/HO/CFD/DIL2/CIR/P/2018/138 dated November 1, 2018, vide which SEBI had introduced the use of Unified Payments Int.....
Tags : Public Issue, Equity Shares, Convertibles, Process
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Prior approval for change in control: Transfer of shareholdings among immediate relatives and transmission of shareholdings and their effect on change in control(25.03.2021)
SEBI vide circular No: CIR/MIRSD/14/2011 dated August 02, 2011 addressed to stock exchanges/depositories and intermediaries specified the procedure fo.....
Tags : Prior approval, Transfer, Shareholdings
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CCI approves acquisition of additional equity shares in Hero FinCorp Limited by Otter Limited and Link Investment Trust(11.03.2020)
The Competition Commision of India (CCI) approves acquisition of additional equity shares in Hero FinCorp Limited by Otter Limited and Link Investment.....
Tags : Acquisition Equity shares, Approval
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CCI approves acquisition of 100% share capital of L&T Investment Management Limited by HSBC Asset Management (India) Private Limited(10.03.2022)
The Competition Commission of India (CCI) approves acquisition of 100% share capital of L&T Investment Management Limited (L&T AMC/Target) by HSBC Ass.....
Tags : Acquisition, Share capital, Approval
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Master Circular for Registrars to an Issue and Share Transfer Agents(17.05.2023)
I. Securities and Exchange Board of India (SEBI/the Board), from time to time, has been issuing various circulars/directions to Registrars to an Issue.....
Tags : Master Circular, Registrars, Share Transfer Agents
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Reduction of Timeline for Listing of Shares in Public Issue from Existing T+6 Days To T+3 Days(09.08.2023)
. Consequent to extensive consultation with the market participants and considering the public comments received pursuant to consultation paper on the.....
Tags : Reduction, Timeline, Shares, Listing
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News
ITAT, Kolkata: No Addition on Share Premium if Shares Allotted Under Barter System(24.03.2020)
Income Tax Appellate Tribunal (ITAT), Kolkata has held that the Assessing Officer cannot invoke the provisions of Section 68 of the Income Tax Act, 19.....
Tags : Income Tax Appellate Tribunal, Addition on Share Premium
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NCLAT, Delhi: Amount Given as Share Application Money is Not Covered Under Financial Debt(25.04.2022)
National Company Law Appellate Tribunal (NCLAT) , Delhi has held that money given as Share Application Money cannot be treated as a financial debt in .....
Tags : National Company Law Appellate Tribunal, Share Application Money
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ITAT, Delhi Upholds Order Against Gandhi Family on Commercial Immovable Property(06.04.2022)
Income Tax Appellate Tribunal, Delhi has upheld the case against the Gandhi family in relation with commercial immovable properties worth more than Rs.....
Tags : Income Tax Appellate Tribunal, Gandhi family, commercial immovable properties, Rs 800 crore, Young Indian, share capital of Rs 5 lakh, hawala entry, Rs 1 crore
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Uttarakhand High Court Orders Ramdev Company to Share Profits with Locals(29.12.2018)
Uttarakhand High Court has directed a company run by yoga guru Ramdev to share a percentage of its profits with local farmers and communities.
Tags : Uttarakhand High Court, Ramdev Company, Share Profits with Locals
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Calcutta HC: Denial of Economic Support is DV Even if Parties Aren't Residing in Shared Household(24.06.2022)
Calcutta High Court has held that denial of economic support to the wife and the minor son constitutes domestic violence (DV) under Protection of Wome.....
Tags : Calcutta High Court, Domestic Violence, Shared Household
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Undivided Share in Joint Family can be Disposed by Will: SC(25.01.2019)
Supreme Court, while dismissing appeals from a partition suit, has held that undivided interest of a Hindu in a joint family property can be disposed .....
Tags : Supreme Court, Undivided Share In Joint Family
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CCI approves acquisition of certain shareholding of Shadowfax Technologies Private Limited by NewQuest Asia Fund IV (Singapore) Pte. Ltd.(06.02.2024)
The Competition Commission of India (CCI) has approved the acquisition of certain shareholding of Shadowfax Technologies Private Limited by NewQuest A.....
Tags : Acquisition, Approval, Shareholding
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CCI approves acquisition of 70% stake by Zurich Insurance Company Ltd. in Kotak Mahindra General Insurance Company Limited(06.02.2024)
The Competition Commission of India (CCI) has approved acquisition of 70% stake by Zurich Insurance Company Ltd. (Acquirer) in Kotak Mahindra General .....
Tags : Acquisition, Approval,Shareholding
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CCI approves acquisition of GMR Kamalanga Energy Limited by JSW Energy Limited(07.04.2020)
The Competition Commission of India (CCI) approves the acquisition by JSW Energy Limited ("Acquirer") of GMR Kamalanga Energy Limited ("Target"), unde.....
Tags : Shareholding, Acquisition, Approval
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CCI approves proposed acquisition of 49% of the total equity share capital of Odisha Power Generation Corporation Limited by Adani Power Limited(30.07.2020)
The Competition Commission of India (CCI) approves proposed acquisition of 49% of the total equity share capital of Odisha Power Generation Corporatio.....
Tags : Acquisition, Share capital, OPGC
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Companies (Share Capital and Debentures) Amendment Rules, 2022(04.05.2022)
In exercise of the powers conferred by sub-section (1) and (3) of section 56 read with sub-sections (1) and (2) of section 469 of the Companies Act, 2.....
Tags : Share Capital, Debentures, Amendment Rules
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CCI approves proposed acquisition of C&S Electric Limited by Siemens Limited(20.08.2020)
The Competition Commission of India (CCI) approves proposed acquisition of C&S Electric Limited by Siemens Limited. The proposed combination envisages.....
Tags : Share capital, Acquisition, Approval
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ITAT: Share Application Money is ‘Capital Asset’ Under Income Tax Act(18.12.2020)
Income Tax Appellate Tribunal (ITAT), Mumbai has held that Share Application Money is ‘Capital Asset’ for the purpose of Income Tax Act, 1961.
Tags : Income Tax Appellate Tribunal, Share Application Money
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Sebi Streamlines Norms for Mergers Involving Listed Companies to Increase Public Shareholding to 25%(16.01.2017)
Securities and Exchange Board of India (SEBI) has introduced more checks and balances for Mergers & Acquisition (M&A) involving unlisted companies, un.....
Tags : Securities and Exchange Board of India, Listed-Unlisted Companies, Merger, Public Shareholding
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ITAT: Pledging of Shares With Banks for Obtaining Bank Finance Not Violative of SEBI Regulations(18.07.2022)
Income Tax Appellate Tribunal (ITAT), New Delhi while deleting addition against share broker, has held that pledging of shares of clients with banks f.....
Tags : ITAT, SEBI Regulations, Pledging of Shares
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COMPANY - Conversion of Unaccounted Money Through Cloak of Share Capital/Premium Must be Scrutinised: SC(07.03.2019)
Supreme Court has observed that assessee is under a legal obligation to prove receipt of share capital/premium to satisfaction of Assessing Officer, f.....
Tags : Supreme Court, Share Capital/Premium, Conversion of Unaccounted Money
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Bombay HC Dismisses Plea Challenging Disinvestment of UOI’s Shareholding in BPCL(17.11.2020)
Bombay High Court has dismissed petitions primarily challenging the decision taken by the union of India of in-principle disinvestment of its sharehol.....
Tags : Bombay High Court, Disinvestment of UOI’s Shareholding in BPCL
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Kar HC: Shareholder Can't Itself Initiate Proceeding Before Magistrate for Fraud Under Companies Act(27.10.2022)
Karnataka High Court has held that a shareholder, minority or otherwise, cannot initiate proceedings before the Magistrate by himself or herself for a.....
Tags : Karnataka High Court, Shareholder, Fraud
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Firm which is Not a Shareholder in Pvt. Company can’t be Taxed for Deemed Dividend: ITAT(04.04.2019)
Income Tax Appellate Tribunal (ITAT), Kolkata bench has held that a Firm, which is not a shareholder in a private company cannot be taxed for deemed d.....
Tags : ITAT, Deemed Divident, Firm not a shareholder
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Firm which is Not a Shareholder in Pvt. Company can’t be Taxed for Deemed Dividend: ITAT(04.04.2019)
Income Tax Appellate Tribunal (ITAT), Kolkata bench has held that a Firm, which is not a shareholder in a private company cannot be taxed for deemed d.....
Tags : ITAT, Deemed Divident, Firm not a shareholder
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SEBI Imposes Penalty on Mukesh Ambani, Anil Ambani & Family for Irregularities in RIL Shareholding(08.04.2021)
Securities and Exchange Board of India has imposed a penalty of Rs 25 Crores on prominent members of the Reliance family Mukesh Ambani, Anil Ambani, N.....
Tags : Securities and Exchange Board of India, RIL Shareholding
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SEBI Secures Norms for MFs, Pledged Shares(28.06.2019)
Securities and Exchange Board of India (SEBI) has put in more checks and balances for debt mutual funds (MFs) to secure investors and stem systemic ri.....
Tags : SEBI, Pledged Shares
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ITAT, Ahmedabad: Shares at Face Value by Amalgamated Company Not Covered Under Income Tax Act(16.04.2021)
Income Tax Appellate Tribunal (ITAT), Ahmedabad has ruled that the Shares at ‘face value’ by the amalgamated company to shareholders in pursuance of s.....
Tags : Income Tax Appellate Tribunal, Shares at Face Value by Amalgamated Company
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Re-lodgement of Transfer Requests of Shares(09.09.2020)
In terms of Regulation 40 (1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, transfer of securities held in physical mod.....
Tags : Re-lodgement, Transfer Requests, Shares
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CCI approves acquisition of shares of Odisha Power Generation Corporation Ltd by Odisha Hydro Power Corporation Limited(08.12.2020)
The Competition Commission of India (CCI) approves acquisition of shares of Odisha Power Generation Corporation Ltd (OPGC) by Odisha Hydro Power Corpo.....
Tags : Acquisition, Shares, Approval
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Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) (Third Amendment) Regulations, 2015(14.08.2015)
SEBI made amendments to the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, inserting a proviso in Regulation 1(3).
Tags : sebi, amendment, acquisition of shares
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CCI approves proposed acquisition of additional 25% shareholding of Adani Krishnapatnam Port Limited by Adani Ports and Special Economic Zone Limited(18.05.2021)
The Competition Commission of India (CCI) approves proposed acquisition of additional 25% shareholding of Adani Krishnapatnam Port Limited by Adani Po.....
Tags : Approval, Acquisition, Additional 25% shareholding
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CCI approves acquisition of shareholding of JM Baxi Ports and Logistics Limited by HL Terminal Holding B.V.(27.03.2023)
The Competition Commission of India (CCI) approves the acquisition of shareholding of JM Baxi Ports and Logistics Limited by HL Terminal Holding B.V.,.....
Tags : Acquisition, Approval, Shareholding
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SEBI Penalises NDTV Over Non-disclosure of Loan Terms(30.12.2020)
Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs. 5 Crores on New Delhi Television Ltd (NDTV) for not disclosing information .....
Tags : Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs. 5 Crores on New Delhi Television Ltd (NDTV) for not disclosing information on loan agreements with Vishvapradhan Commercial (VCPL) to public shareholders.
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Cal. HC: Civil Court has Jurisdiction to Determine Title of Fraudulently Issued Shares(07.12.2022)
Calcutta High Court has held that under the Companies Act, 2013, Civil Courts have jurisdiction to enquire into allegations of fraud pertaining to the.....
Tags : Calcutta High Court, Civil Courts, Shared, Title, Fraud
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Calcutta HC: Non Issuance of Duplicate Share Certificates Does not Indicate Malice of Company(30.03.2021)
Calcutta High Court has quashed a criminal case of cheating instituted against a company and its Directors over non-issuance of duplicate share certif.....
Tags : Calcutta HC, Share Certificates
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Bombay HC: No Capital Gain Tax For Transfer of Shares by Company in lieu of Family Arrangement(27.06.2017)
Bombay High Court has held that receipt from transfer of Shares by Company in consequent to family arrangement by its shareholders would be exigible t.....
Tags : Bombay High Court, Transfer of Shares
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Delhi HC: Income From Shares/ MFs Trades 'Capital Gain', If Treated as Investment in Past Years(17.05.2017)
Delhi High Court has held that income from trading in shares/mutual funds must be treated as ‘Capital Gain’ if Revenue has been treating the same as i.....
Tags : Delhi High Court, shares/mutual funds, capital gain
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Government: Firms Must Disclose Securities Deals Above Rs 10 lakh by May 31(17.05.2017)
Government has asked all companies to disclose shares and bond transactions involving Rs 10 lakh or more in a financial year to Income Tax department .....
Tags : Firms, shares, bonds, income tax
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Delhi High Court Rejects ShareChat Copyright Violation Petition Against Helo(20.05.2019)
Delhi High Court has set aside a petition moved by India-based messaging platform ShareChat against Indian content based app Helo, in which the former.....
Tags : Delhi High Court, ShareChat
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Exit Offer to Dissenting Shareholders(01.12.2015)
The Securities and Exchange Board of India has released a discussion paper titled “Exit Offer to Dissenting Shareholders”. It draws attention to insta.....
Tags : Dissenting shareholder, prospectus, exit offer
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Companies (Share Capital and Debentures) Third Amendment Rules, 2016(19.07.2016)
The government introduced the Companies (Share Capital and Debentures) Third Amendment Rules 2016, amending the extant 2014 rules.
Among th.....
Tags : company, share capital, rules, amendment, 2016
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CCI approves acquisition of 4.94% shareholding in Suzuki Motor Corporation (SMC) by Toyota Motor Corporation (TMC) and the acquisition of 0.24% shareholding in TMC by SMC(26.11.2019)
The Competition Commission of India (CCI) approves acquisition of 4.94% shareholding in Suzuki Motor Corporation (SMC) by Toyota Motor Corporation (TM.....
Tags : Acquisition, Shareholding, Approval
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Changes proposed in timeframe for issue of shares and reporting of FDI(04.02.2016)
The Reserve Bank of India has proposed changes in respect of the time frame for issuing shares to align provisions of the Foreign Exchange Management .....
Tags : Rbi, timeframe, issue, reporting, shares, fdi
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Insurers permitted to classify investments in Preference Shares and Equity Shares as part of "Approved Investment" on specified conditions(27.09.2021)
In continuation to circular no.: IRDAI/F&I/CIR/INV/065/03/2021 Dt. 31st March, 2021 on the subject, the Authority in exercise of its powers conferred .....
Tags : Classification, Permission, Preference Shares
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Taxability of surplus on sale of shares and securities - Instructions in order to reduce litigation(29.02.2016)
The Central Board of Direct Taxes issued instructions in situations when Assessing Officers hold whether surplus generated from sale of listed shares .....
Tags : capital asset, shares, determination, litigation
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Ministry of Corporate Affairs Notifies Procedure of Transfer of Shares to IEPF Authority(15.06.2021)
Ministry of Corporate Affairs has notified the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer, and Refund) Amendment Ru.....
Tags : Ministry of Corporate Affairs, Procedure of Transfer of Shares to IEPF Authority
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SC: Can’t Set Aside Decision to Allot Additional Shares Merely Because Promoters Have Also Benefited(23.06.2023)
Supreme Court has held that largely disproportionate allotment of rights share in favour of one group of shareholders can’t be set aside merely becaus.....
Tags : Supreme Court, Promoters, Shareholding, Shares, Allotment
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ITAT, Allahabad: Amount of Share of Conversion of Leasehold Land Allowed as Cost of Improvement(12.07.2021)
Income Tax Appellate Tribunal (ITAT), Allahabad has held that the amount paid by a co-owner of the property towards his share for conversion of afores.....
Tags : Income Tax Appellate Tribunal, Amount of Share of Conversion of Leasehold Land
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Del HC: No Indefeasible Right of Daughter-in-Law in Shared Household(26.05.2023)
Delhi High Court while observing that right of the daughter-in-law in a shared household is not an indefeasible right, has held that in-laws can’t be .....
Tags : Delhi High Court, Shared Household, Daughter-in-Law
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SEBI Issues SEBI (Delisting of Equity Shares) (Amendment) Regulations, 2016(15.01.2016)
Securities and Exchange Board of India (SEBI) has issued Securities and Exchange Board of India (Delisting of Equity Shares) (Amendment) Regulations,.....
Tags : SEBI (Delisting of Equity Shares) (Amendment) Regulations, 2016
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Reserve Bank of India (Issue and Pricing of Shares by Private Sector Banks) Directions, 2016(21.04.2016)
The Reserve Bank of India issued Master Directions on the issue and pricing of shares by private sector banks. Under the provisions, pricing of shares.....
Tags : private bank, share issue, pricing
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Proceeds from unlisted share sale to default to ‘Capital Gain’ head(05.05.2016)
The Central Board of Direct Taxes directed its offices that income from transfer of unlisted shares irrespective of period of holding would be taxable.....
Tags : Unlisted shares, sale, capital gain, income tax
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Companies (Listing of Equity Shares in Permissible Jurisdictions) Rules, 2024(24.01.2024)
In exercise of the powers conferred by sub-section (3) of section 23 read with section 469 of the Companies Act, 2013 (18 of 2013), the Central Govern.....
Tags : Equity shares, Permissible jurisdictions, Rules
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Consultation Paper on In-building Access by Telecom Service Providers(06.06.2016)
TRAI released a paper analysing impediments faced b.....Tags : trai, broadband, access, shared space, commercial, residential
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Bombay High Court Stays Sale of Biyani’s Pledged Shares(31.03.2020)
Bombay High Court has restrained Industrial Development Bank of India Trusteeship and Union Bank of Switzerland from selling shares of Kishore Biyani’.....
Tags : Bombay High Court, Biyani, Shares
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Reserve Bank of India Allows Kotak Bank to Retain 26% Promoter Stake(31.01.2020)
Reserve Bank of India has allowed Kotak Mahindra Bank’s founder Uday Kotak to retain 26 % promoter stake in a dispute over the bank’s promoter shareho.....
Tags : Reserve Bank of India, Kotak Mahindra Bank, Promoters Shareholding
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ITAT, Mumbai: Dividend Derived from Shares Held as Stock in Trade Cannot be Disallowed(31.01.2020)
Income Tax Appellate Tribunal (ITAT), Mumbai has held that the dividend which is derived from the Shares which are ‘stock in shares’ will not be compu.....
Tags : Income Tax Appellate Tribunal, Dividend Derived from Shares Held as Stock in Trade
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ITAT: Single Transaction of Buying and Selling of Shares Can’t be Treated as Business Activity(29.09.2021)
Income Tax Appellate Tribunal (ITAT), Chennai has held that a single transaction of buying and selling of shares cannot be treated as a business acti.....
Tags : Income Tax Appellate Tribunal, Single Transaction of Buying and Selling of Shares
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SEBI Amends Existing Regulatory Framework for Delisting of Equity Shares Pursuant to Open Offer(30.09.2021)
Securities and Exchange Board of India (SEBI) in the meeting headed by Mr.Ajay Tyagi decided to amend the existing regulatory framework for delisting .....
Tags : Securities and Exchange Board of India, Regulatory Framework for Delisting of Equity Shares
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CCI Approves BNP Paribas' Acquisition of Sharekhan(06.01.2016)
Competition Commission of India (CCI) has approved BNP Paribas' proposed acquisition of home-grown brokerage firm Sharekhan in an estimated Rs 2,000-c.....
Tags : Competition Commi, ssion of India , BNP Paribas, Sharekhan
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SC Allows Centre to Further Disinvest Shares In Hindustan Zinc Ltd., Orders CBI Investigation(18.11.2021)
Supreme Court has ruled that the Union of India may disinvest its residual shareholding of 29.5% in Hindustan Zinc Ltd. The Court has also directed th.....
Tags : Supreme Court, Shares In Hindustan Zinc Ltd
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ITAT, Chennai: Right Through Share Warrants is Valuable Right, Can be Treated as Capital Asset(24.01.2022)
Income Tax Appellate Tribunal (ITAT), Chennai, has held that a right acquired through share warrants is a valuable right, can be treated as a capital .....
Tags : Income Tax Appellate Tribunal, Right Through Share Warrants
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ITAT, Amritsar: Assessee to Claim Deduction of Employees Share of ESI and PF(24.12.2021)
Income Tax Appellate Tribunal (ITAT), Amritsar has held that the assessee to claim deduction of employee’s share of Employees’ State Insurance and Pro.....
Tags : Income Tax Appellate Tribunal, Deduction of Employees Share of ESI and PF
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Delhi High Court Orders Stay on DRT Proceedings Against Yes Bank Over Dish TV shares(27.12.2021)
Delhi High Court has ordered a stay on proceedings against Yes Bank by the Debt Recovery Tribunal, Jaipur (DRT) in a petition filed by Essel Group aff.....
Tags : Delhi High Court, DRT Proceedings Against Yes Bank Over Dish TV shares
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Gujarat HC: Muslim Husband Has No Fundamental Right to Compel Wife to Share Consortium(31.12.2021)
Gujarat High Court has observed that as per the Muslim law, a Husband has not been given any fundamental right to compel his wife to share his consort.....
Tags : Gujarat High Court, Compulsion on Wife to Share Consortium
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Notification of date on which share capital of the National Bank for Financing Infrastructure and Development stands allotted to the Central Government(07.02.2022)
In exercise of the powers conferred by sub-section (2) of section 5 of the National Bank for Financing Infrastructure and Development Act, 2021 (17 of.....
Tags : Notification, Date, Share capital
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Reserve Bank of India Approves Kotak Mahindra’s Proposal to Trim Stake of Promoters(20.02.2020)
Reserve Bank of India has given final approval to Kotak Mahindra Bank’s proposal on reducing promoters’ stakes and capping their voting rights.
Tags : Reserve Bank of India, Kotak Mahindra Bank, Promoters Shareholding
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IRDAI Issues Guidelines for Share Acquisition in Insurance Companies(08.08.2016)
Insurance Regulatory and Development Authority of India (IRDAI) has issued guidelines for acquisition of shares in listed insurance companies under wh.....
Tags : IRDAI, Guidelines for Share Acquisition
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ITAT, Kolkata: Swapping Company Shares Among Shareholders Does Not Attract Addition u/s 68(03.03.2020)
Income Tax Appellate Tribunal (ITAT), Kolkata has held that the provisions of Section 68 of the Income Tax Act, 1961 would not be applicable in case o.....
Tags : Income Tax Appellate Tribunal, Swapping Company Shares
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Del. HC: IT Addition Eligible for Deduction u/s 80-IC of IT Act if Made Towards Unsub. Share Capital(04.04.2024)
Delhi High Court has held that Income Tax Addition are eligible for deduction under Section 80-IC of the Income Tax Act, 1961 if they are made towards.....
Tags : Delhi High Court, Section 80-IC of IT Act, Income Tax Addition, Unsubstantiated Share Capital
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Supreme Court: Stamp Duty Not to be Paid on Every Increase in Share Capital(09.04.2024)
Supreme Court has held that if stamp duty has already been paid on the increase in share capital of the company and the Articles of Association remain.....
Tags : Supreme Court, Stamp Duty, Share Capital, Articles of Association
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