Clipped from: https://www.business-standard.com/article/opinion/what-s-in-store-for-pmc-depositors-121062700789_1.html They will probably get their money back through staggered payments, and part of it can be converted into equity. Hundreds of employees of
Category: Legal
After Air India, Cairn to target more state cos to recover money due from govt – The Hindu
Clipped from: https://www.thehindu.com/business/Industry/after-air-india-cairn-to-target-more-state-cos-to-recover-money-due-from-govt/article34998594.ece Last month, Cairn brought a lawsuit in the U.S. District Court. After Air India, Britain’s Cairn Energy PLC plans to target assets of
Govt defers mandatory installation of front seat airbags in existing car models till December 31 – The Hindu
Clipped from: https://www.thehindu.com/business/Industry/govt-defers-mandatory-installation-of-front-seat-airbags-in-existing-car-models-till-december-31/article35001403.ece At present, only the driver’s seat airbag is mandatory for existing models of cars The road transport ministry has deferred by four months
IBBI ‘inadvertently’ puts out Aadhaar, PAN info of creditors on website; removes them later – The Hindu
Clipped from: https://www.thehindu.com/business/Industry/ibbi-inadvertently-puts-out-aadhaar-pan-info-of-creditors-on-website-removes-them-later/article35001568.ece It could not be immediately ascertained as to such details of how many creditors were put out The Insolvency and Bankruptcy Board of
Proposed amendments to consumer protection rules will harm consumer interest, hurt the growth e-commerce sector – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/policy-trends/proposed-amendments-to-consumer-protection-rules-will-harm-consumer-interest-hurt-the-growth-e-commerce-sector/articleshow/83865642.cmsSynopsis E-commerce, in recent years, has already significantly empowered both consumers and small businesses in the country. Millions of first-generation entrepreneurs and SMEs in
Why FD investors get the short end of the stick under waterfall mechanism – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/why-fd-investors-get-the-short-end-of-the-stick-under-waterfall-mechanism/article34993687.ece Fixed deposits in a company/NBFC are unsecured borrowings Shivram, an FD investor in Dewan Housing Finance Limited (DHFL) talks to his chartered accountant
All you wanted to know about capital gains account scheme – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/all-you-wanted-to-know-about-capital-gains-account-scheme/article34992880.ece The Income Tax (IT) Act provides certain exemptions on capital gains, arising from sale of land, building, or any other long-term capital asset,
Tax Query: How much money can father send to son working abroad? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/tax-query-how-much-money-can-father-send-to-son-working-abroad/article34994238.ece I am working with The Ramco Cements Limited. I am also an employee of a firm and I pay/ file my annual tax
Not knowing geography landing many companies in tax trouble – The Economic Times
lipped from: https://economictimes.indiatimes.com/news/economy/policy/not-knowing-geography-landing-cos-in-tax-trouble/articleshow/83876255.cmsSynopsis Many companies in the last few months have ended up filing goods and services tax (GST) in the wrong state mainly because their
Jet Airways shares: Jury is still out on whether bankrupt companies be allowed to trade on bourses – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/jury-is-still-out-on-whether-bankrupt-companies-be-allowed-to-trade-on-bourses/articleshow/83875278.cmsSynopsis Retail shareholders are often at the losing end of bankruptcy resolutions at companies. Among other recent examples, hundreds of thousands of retail shareholders
Supreme Court at Cross Roads – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/supreme-court-at-cross-roads/2278847/ Notwithstanding the criticism hurled at them by all and sundry, the justice delivery system has rendered yeoman service to Indian citizens, particularly in
Jury is still out on whether bankrupt companies be allowed to trade on bourses – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/jury-is-still-out-on-whether-bankrupt-companies-be-allowed-to-trade-on-bourses/articleshow/83875278.cmsSynopsis Retail shareholders are often at the losing end of bankruptcy resolutions at companies. Among other recent examples, hundreds of thousands of retail shareholders
DHFL retail investor moves NCLAT against delisting of shares – The Financial Express
Clipped from: https://www.financialexpress.com/industry/dhfl-retail-investor-moves-nclat-against-delisting-of-shares/2278691/ On June 7, National Company Law Tribunal (NCLT) had approved the resolution plan of Piramal Capital and Housing Finance (PCHFL) which offered to
Tax department doesn’t think sanitiser companies’ accounts are clean – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/india/tax-department-doesnt-think-sanitiser-comapanies-accounts-are-cean/articleshow/83828856.cmsSynopsis Pharmaceutical companies say sanitisers are medicaments, while the taxman considers them disinfectants. The indirect tax department’s investigation arm, Director General of GST Intelligence
Headless NCLT awaits reforms to speed up resolution of pending cases | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/headless-nclt-awaits-reforms-to-speed-up-resolution-of-pending-cases-121062500038_1.html Over 20K cases pending and more than half linked to insolvency, bankruptcy Experts said NCLT had a sanctioned strength of 63 members just
Rs 2,435-cr bank fraud case: CBI books ex-Crompton Greaves chairman, others | Business Standard News
Clipped from: https://www.business-standard.com/article/current-affairs/bank-fraud-case-cbi-books-former-crompton-greaves-chairman-gautam-thapar-121062401189_1.html The CBI on Thursday carried out searches at locations in Mumbai, Delhi and Gurgaon. Gautam Thapar The CBI on Thursday carried out searches
Share buyback case: SAT stays Sebi’s penalties on Cairn India, others | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/share-buyback-case-sat-stays-sebi-s-penalties-on-cairn-india-others-121062401270_1.html The buyback offer was scheduled to open on January 23, 2014 and close on July 22, 2014. The Securities Appellant Tribunal (SAT) has
Consumer protection rules: Decoding the impact on e-commerce firms, buyers | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/consumer-protection-rules-decoding-the-impact-on-e-commerce-firms-buyers-121062301907_1.html The proposed rules have created quite a stir among companies, with some anticipating a change in their business structure if these are implemented
Forced rescue – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/rbi-and-the-centre-must-do-their-best-to-ensure-that-the-pmc-bank-resolution-works/article34935111.ece?homepage=true RBI and the Centre must do their best to ensure that the PMC Bank resolution works Afer 20 months of being left out
DHFL creditors vote against higher distribution of funds to small investors – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/dhfl-creditors-vote-against-higher-distribution-of-funds-to-small-investors/article34932244.ece?homepage=true NCLT had suggested 40% recovery to small investors similar to that of financial creditors The Committee of Creditors of Dewan Housing Finance Corporation
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