Stock Brokers Amounts to Financial Service Provider, Petition u/s 9 not Maintainable: NCLT
The National Company Law Tribunal Hyderabad Bench, dismissed insolvency petition filed against Karvy Stock Broking Ltd. (Corporate Debtor/Respondent)...
![Dispute Regarding GST Dues is not a Bar to Proceedings S. 9 IBC: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/GST-NCLAT-IBC-Insolvency-Resolution-Process-GST-issues-under-IBC-TAXSCAN.jpg "Dispute Regarding GST Dues is not a Bar to Proceedings S. 9 IBC: NCLAT [Read Order]")
![S. 115JB(2)(b) not Applicable to Union Bank Due to Non-Company Status under Companies Act, Despite Deeming Provision in Acquisition Act for Income Tax Purposes: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-ITAT-Mumbai-Income-Tax-Income-Tax-Appellate-Tribunal-Union-Bank-Non-Company-Status-taxscan.jpg "S. 115JB(2)(b) not Applicable to Union Bank Due to Non-Company Status under Companies Act, Despite Deeming Provision in Acquisition Act for Income Tax Purposes: ITAT [Read Order]")
![Corporate Debtor failed to demonstrate pre-existing dispute u/s 9 of IBC: NCLAT dismisses Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/NCLAT-NCLAT-New-Delhi-National-Companies-IBC-appeal-TAXSCAN.jpg "Corporate Debtor failed to demonstrate pre-existing dispute u/s 9 of IBC: NCLAT dismisses Appeal [Read Order]")
Allotment of Shares at Concessional Price is Oppressive Act qua Existing Members to whom no such Allotment made: NCLT [Read Order]
The Mumbai Bench of the National Company Law Tribunal (NCLT) observed that the allotment of shares at the concessional price is oppressive act qua existing members to whom no such allotment was made....
Non-Maintenance of Registered Office: MCA imposes Penalty of Rs. 4L, Directors to Pay from Personal Income [Read Order]
The Ministry of Corporate Affairs ( MCA ) levied a fine of Rs. 4 lakhs on companies and their directors for failure to maintain a registered office. The penalty was imposed by the Registrar of...
Restriction by S. 212(6) of Companies Act not applicable When accused Co-operate with investigation: Calcutta HC upholds Bail under PMLA [Read Order]
The Calcutta High Court (HC) held that the restrictions by section 212(6) of the Companies Act, 1956 is not applicable when the accused cooperates with the investigation and upholds the bail under...
A Nidhi Company need to Raise Capital to Mandated Statutory Level for its Operations: Kerala HC rules on Challenge of S. 406 of Companies Act and Nidhi Rules [Read Order]
In a recent petition challenging section 406 of the Companies Act, 2018, the Kerala High Court ruled that a Nidhi Company need to raise capital to mandated statutory level for its operations. The...
Merger or Amalgamation Not Legitimate Tools for Tax Evasion, Cooperate with Customs Department: Madras HC [Read Order]
In a recent ruling, the Madras High Court, while dismissing the writ petition directed the petitioner to cooperate with the customs department. Failure to do so would result in the authorities...
![Merger or Amalgamation Not Legitimate Tools for Tax Evasion, Cooperate with Customs Department: Madras HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Amalgamation-Legitimate-Tools-Tax-Evasion-Cooperate-Customs-Department-Madras-HC-TAXSCAN-3.jpg "Merger or Amalgamation Not Legitimate Tools for Tax Evasion, Cooperate with Customs Department: Madras HC [Read Order]")
Remedy of filing Appeal is Available once Request for Exemption from Payment of Customs Duty has been Declined: Kerala HC [Read Order]
In a major ruling the Kerala High Court observed that the remedy of filing appeal is available once request for exemption from payment of customs duty has been declined. The petitioner is a...
![Remedy of filing Appeal is Available once Request for Exemption from Payment of Customs Duty has been Declined: Kerala HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/Remedy-of-filing-Appeal-from-Payment-Customs-Duty-Declined-Kerala-HC-taxscan.jpg "Remedy of filing Appeal is Available once Request for Exemption from Payment of Customs Duty has been Declined: Kerala HC [Read Order]")