A finance ministry-appointed task force is drafting a new direct tax code that will replace the Income Tax Act, 1961 and will give its report to Finance Minister Nirmala Sitharaman by 19th August,...
Kotak Investment Advisors Limited has set up “Kotak Special Situations Fund”. This will target both pre-stress and distressed opportunities and financially support businesses to prevent them from...
[ By Bobby Anthony ]The National Company Law Appellate Tribunal (NCLAT) has upheld a National Company Law Tribunal (NCLT) order and directed initiation of insolvency proceedings against a Sahara group...
[ By Bobby Anthony ]Many of the key committees of the crisis-ridden Infrastructure Leasing & Financial Services (IL&FS) convened no meetings at all in the last few years, a recent Reserve Bank of...
[ By Bobby Anthony ]The Ministry of Corporate Affairs (MCA) informed the National Company Law Tribunal (NCLT) in an affidavit that banks and financial institutions have violated a moratorium imposed...
Mahua Moitra, Trinamool Congress (TMC) MP had filed a defamation case against the Zee News Editor-in-Chief Sudhir Chaudhary who alleged that Moitra’s speech in Parliament June 25 this year on the...
The assessee, Laxman Das Khandelwal was in the business of brokerage. A search and seizure operation was conducted. The assessee submitted return, declaring total income of Rs.9,35,130/-. The...
[ By Bobby Anthony ]The Supreme Court heard a plea challenging the Centre’s recent move regarding Article 370, but pulled up petitioner M L Sharma, who happens to be a lawyer, for his “defective...
[ By Bobby Anthony ]The Supreme Court has threatened contempt of court proceedings against attempts to politicize the demolition of a Guru Ravidas temple in Tughlaqabad forest area of New Delhi by...
The Competition Commission of India passed a final order penalizing NSK Limited (NSK), its Indian joint venture Rane NSK Steering Systems (“RNSS”) along with JTEKT Corporation (“JTEKT Japan”) and its...
The regulatory environment is a fierce one, but the risks can be managed if investors focus on four imperative issues: culture, regulatory relationships, governance and peopleThe UK city of London has...
The article looks into the method of structuring an M&A transaction in the UAE where the buyer acquires the assets and liabilities of the target company (or in certain instances, the assets and...
