SEBI issues discussion paper on review of delisting framework pursuant to open offer

Considering the implications faced by the market participants including the investors, promoters and listed companies, The market regulator, SEBI has issued Discussion Paper Review of delisting framework pursuant to open…

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Point of applicability of TDS on purchase of goods booked prior to 1st July and paid after 1st July

Every purchaser, whose total sales, gross receipts or turnover from the business carried on by him exceed Rs. 10 Crores during the preceding year, who purchases goods from a resident…

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SC refuses to interfere with SAT’s order that upheld the imposition of penalty by NSE on stockbroker @ 15% of profit earned

COMPANY LAW/SEBI : Order of SAT that imposition of penalty by NSE on appellant-stock broker at rate of 15 per cent of profit earned by an appellant through non-genuine trades…

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Reassessment based on info. received from investigation wing valid if assessee failed to disclose true amp; correct facts

INCOME TAX : Where assessee was aware that transaction with company 'A' was not business transaction but in form of bogus purchase, however, failed to disclose true and correct facts…

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SEBI extends implementation date of circular relating to alignment of interest of Key Employees of AMCs with MF units

SEBI vide Circular no. SEBI/HO/IMD/IMD-I/DOF5/P/CIR/2021/553 dated April 28, 2021, specified provisions with regard to ‘Alignment of interest of Key Employees of Asset Management Companies (AMCs) with the Unit holders of…

Continue ReadingSEBI extends implementation date of circular relating to alignment of interest of Key Employees of AMCs with MF units

RBI prescribes norms for appointment of MD/WTD in primary urban co-operative banks; debars MPs/MLAs from these posts

RBI has issued directions for appointment of MDs and WTDs in primary urban co-operative banks, RBI further mentioned that MPs, MLAs and representatives of municipal firms won’t be eligible to…

Continue ReadingRBI prescribes norms for appointment of MD/WTD in primary urban co-operative banks; debars MPs/MLAs from these posts

RBI revises prudential borrowing limits for transactions in ‘Call, Notice and Term Money Markets’

On a review based on representations received, the RBI has revised the prudential borrowing limits for transactions in Call, Notice and Term Money Markets. For SCB (including Small Finance Banks)…

Continue ReadingRBI revises prudential borrowing limits for transactions in ‘Call, Notice and Term Money Markets’

SC refuses to interfere HC’s order that upheld imposition of penalty by NSE on stock broker @ 15% of profit earned

COMPANY LAW/SEBI : Order of High Court that imposition of penalty by NSE on appellant-stock broker at rate of 15 per cent of profit earned by an appellant through non-genuine…

Continue ReadingSC refuses to interfere HC’s order that upheld imposition of penalty by NSE on stock broker @ 15% of profit earned