Appointments / Re-appointments earlier rejected by Shareholders shall be done with Prior Approvals: SEBI [Read Notification]
The Securities and Exchange Board of India (SEBI) has notified that the Appointment or re-appointment of persons earlier rejected by shareholders at general meeting to be done only with prior approval of shareholders. The Board
Rights of Preference Shareholders under the Insolvency and Bankruptcy Code, 2016
In India, there are so many companies which are under the Insolvency and Bankruptcy Code (IBC) and where the shareholders are thinking that to get a fair deal to secure their shares in the companies.
Requests for effecting Transfer of Securities not to be processed unless Securities held in dematerialized form with Depository: SEBI [Read Notification]
The Securities and Exchange Board of India (SEBI) has notified that the requests for effecting transfer of securities not to be processed unless securities held in dematerialised form with depository. The Board empowered under section
MCA renders Relief on Delivery of Notice to Shareholders for Rights Issue [Read Circular]
The Ministry of Corporate Affairs (MCA) issued a circular on Monday issued a circular stating the clarification on dispatch of Notice under Section 62(2) of the Companies Act, 2013 by the listed companies for rights
Change in Individual Shareholding of Shareholders doesn’t attract Section 79 of Income Tax Act: ITAT Allows Set off of Brought Forward Lossess [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) allowed set off of brought forward losses by holding that change in individual shareholding of the shareholders would also not attract the provisions of Section 79
Prior Approval of Shareholders of Listed entity required for material RPTs having threshold less than Rs.1000 cr or 10% of Consolidated Annual Turnover: SEBI
The Securities and Exchange Board of India (SEBI) has decided that the prior approval of shareholders of listed entities required for material-related party transactions (RPTs) having a threshold of less than Rs. 1000 crore or
SEBI eases Action on Non-Compliance of Companies with Minimum Public Shareholding Requirements [Read Circular]
The Securities and Exchange Board of India (SEBI) has granted a reprieve to companies from complying with the 25 percent minimum public shareholding (MPS) norms. In a circular on Thursday, the market regulator said: “It
No Income Tax Exemption to News Agencies u/s 10(22B) w.e.f. 1st April 2024
Before the amendments introduced by the Finance Act of 2023 (FA 2023), Clause (22B) of Section 10 of the Income Tax Act, 1961 granted exemptions to the income of a notified news agency established in
Non-Consecutive Minutes Book Numbering: MCA Penalises L&T Employees Welfare Foundation and its Director
The Ministry of Corporate Affairs (MCA) has imposed a penalty on L&T Employees Welfare Foundation Private Limited for violating Section 118 of the Companies Act, 2013 and pertains to the improper numbering of pages in
Strengthening the Power of Shareholder for approving Managerial Remuneration
Just as profits drive business, incentives drive the managers of the business. Not surprisingly then, in a fiercely competitive corporate environment, managerial remuneration is an important piece in the management puzzle. While it is important
IFSCA may allow Indian listed firms to launch QIP
Listed Indian companies could be allowed to launch qualified institutional placement (QIP) of shares through exchanges at International Financial Service Centres (IFSCS) using an abridged prospectus. "International exchanges at the IFSC can act as a
18% GST Applicable on Electrical Works Contract done to Government Corporations: AAR [Read Order]
The Telangana Bench of J. Laxminarayana and B. Raghu Kiran, IRS of Authority for Advance Ruling (AAR) ruled that 18% Goods and Services Tax (GST) is applicable on Electrical works contracts done to the government
YouTube Stock Recommendation Scam: SEBI issues Interim Order
The Securities and Exchange Board of India (SEBI) has recently issued an Interim Order against Sharpline Broadcast Limited, for allegedly using YouTube videos peddling false and misleading news to recommend that investors should buy the
Company Secretary vacancy in Ansal Housing
The Ansal Housing has invited applications from candidates who are eligible for the post of Executive Company Secretary. The Ansal Housing design, build & market residential and commercial complexes of international quality while assuring the
No TDS deductible as Inter-Corporate Deposit not a Deemed Dividend: ITAT [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has held that no TDS deductible as Inter-Corporate deposit is not a deemed dividend. The assessee, M/s J. P. Iscon Ltd. had given inter-corporate deposit to