For its recent preferential sale of shares, the Securities and Exchange Board of India (SEBI) is examining Punjab National Bank Housing Finance (PNB Housing Finance), a company created in 1988…
EXCISE/ST/VAT : State has power to levy excise duty on alcohol fit for human consumption; Weak spirit is not fit for human consumption and therefore, State cannot impose excise duty…
INCOME TAX/BENAMI : HC's order u/s 260A must contain HC's independent reasoning; Mere reproduction of ITAT's observations will not doINCOME TAX/BENAMI : HC's order u/s 260A must contain HC's independent…
COMPANY LAW/SEBI ACT : A complaint which is disposed off by SEBI on SEBI Complaint Redressal System (SCORES) platform is appealable before SAT under section 15TCOMPANY LAW/SEBI ACT : A…
INCOME TAX/BENAMI : Suit is barred u/s 4(1) of PBPT Act if plaintiffs fail to produce clinching proof that suit property in female HUF member's name was bought with HUF…
COMPETITION LAW : Tie-up arrangement between car company amp; certain insurers is not 'tie-in sales', unless car buyers taking insurance from other insurers are discriminated or are denied any servicesCOMPETITION…
FEMA, BANKING amp; INSURANCE : Jurisdiction of District Magistrate under section 14 is limited i.e. to see whether property is secured asset or not and, thus, District Magistrate needs not…
The Central Government has notified the 'National Financial Reporting Authority appointment of Part-time members, Rules, 2022’. As per rules, the NFRA shall consist of seven part-time members. Among other members,…
SEBI has streamlined the process of providing approval to the proposed change in control of the Sponsor and/or Manager of the AIF involving scheme of arrangement. Now, the application seeking…
RBI has issued Master Directions on Classification, Valuation and Operation of Investment Portfolio of Commercial Banks. The Direction outlines the prudential treatment for investment in Venture Capital Funds (VCFs). RBI…