22 April 2024

Search Results for Tag : shares

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

Top Story

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

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

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

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

News

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Notifications & Circulars

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

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

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

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

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

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

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

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

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

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

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

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

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

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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