Clipped from: https://economictimes.indiatimes.com/news/economy/policy/key-takeaways-from-newly-notified-anti-abuse-rules-for-tax-valuation-of-slump-sale/articleshow/83001497.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Though seemingly well intentioned, the FMV Rules for slump sale had the potential to create enormous uncertainty for taxpayers if they were based
Category: Legal
NCLT directs power distribution firm not to take any coercive action against Sterling Biotech – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/company/corporate-trends/nclt-directs-power-distribution-firm-not-to-take-any-coercive-action-against-sterling-biotech/articleshow/82999075.cmsSynopsis Sterling Biotech’s liquidator had approached the Mumbai bench of the National Company Law Tribunal (NCLT), with a plea to restrain Madhya Gujarat Vij
Jio seeks Reliance Infratel’s forensic audit reports – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/telecom/telecom-news/jio-seeks-rel-infratels-forensic-audit-reports/articleshow/83015527.cmsSynopsis The probe, which looked at transactions between May 2017 and March 2018, found three large entries buried under hundreds of thousands of others
WhatsApp’s legal tussle with govt helps Telegram get a signal booster | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/whatsapp-s-legal-tussle-with-govt-helps-telegram-get-a-signal-booster-121052800020_1.html Telegram is now number one in downloads, having pushed WhatsApp to fourth position The government had come out with IT guidelines which were
Choose security & privacy: Both govt & WhatsApp need to moderate their stances – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/choose-security-privacy-both-govt-whatsapp-need-to-moderate-their-stances/2260337/ Can’t have security trumping privacy and vice versa For its part, the government needs to take a fresh look at the rules and
IT rules: Social media firms can now be sued by users for offensive content – The Financial Express
Clipped from: https://www.financialexpress.com/industry/technology/it-rules-social-media-firms-can-now-be-sued-by-users-for-offensive-content/2260307/ Official sources said that the government may not be vindictive and the social media firms can always engage with it, but the laws
Stop beating around the bush, comply with laws: MeitY to Twitter – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/info-tech/social-media/stop-beating-around-the-bush-comply-with-laws-meity-to-twitter/article34660356.ece?homepage=true Microblogging company had termed new IT rules a dangerous overreach Hours after Twitter joined WhatsApp in raising concerns over the new IT rules
Online fraud alert: Deny remote access to your laptop, say analysts | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/online-fraud-alert-deny-remote-access-to-your-laptop-say-analysts-121052600024_1.html If you do give access, monitor service provider’s activity New users of digital payment services are especially vulnerable During the Covid-19 pandemic, online
Cyberattacks could trigger more rating actions on banks, says S&P | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/cyberattacks-could-trigger-more-rating-actions-on-banks-says-s-p-121052501622_1.html The banking sector is becoming more exposed to cybercrime after the Covid-19 pandemic accelerated digitalization and remote working Cyber defense will become an
Explained: How new Facebook feature flags misinformation | Explained News,The Indian Express
Clipped from: https://indianexpress.com/article/explained/facebook-misinformation-fake-news-tool-7332659/ Facebook will reduce the distribution of all posts in News Feed from an individual’s account if they repeatedly share content that has been
Banks may target family trusts of loan guarantors – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/banks-may-target-family-trusts-of-loan-guarantors/articleshow/82985824.cms Synopsis–Many of the family trusts created by businesspeople are meant primarily to protect their assets from potential claims related to their companies, such
Banks assure homebuyers of support for Jaypee Infra resolution, not keen on liquidation – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/services/property-/-cstruction/jaypee-infratech-resolution-key-lenders-assure-homebuyers-of-best-possible-outcome/articleshow/82972879.cms SynopsisAround 20,000 home buyers have been waiting to get delivery of their homes following the Allahabad bench of the NCLT classified Jaypee Infratech
Banks may target family trusts of loan guarantors – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/banks-may-target-family-trusts-of-loan-guarantors/articleshow/82985824.cms Synopsis-Many of the family trusts created by businesspeople are meant primarily to protect their assets from potential claims related to their companies, such
Revised offer for Jaypee Infratech is legally compliant, says NBCC | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/nbcc-says-its-offer-for-acquiring-jaypee-infratech-legally-compliant-121052601136_1.html At its meeting held on May 24, the Committee of Creditors (CoC) deferred the voting on Suraksha Group’s bid Jaypee Infratech State-owned NBCC,
Right to privacy is not absolute, says govt on WhatsApp’s lawsuit | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/centre-responds-to-whatsapp-s-lawsuit-says-committed-to-upholding-privacy-121052601037_1.html Statement after social media firm moves HC on new rules WhatsApp on Tuesday filed a legal challenge against the Indian government, protesting new
Liaison office connecting India biz with Dubai HO, an ‘intermediary’ under GST – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/national/liaison-office-connecting-india-biz-with-dubai-ho-an-intermediary-under-gst/article34648881.ece The Authorities for Advance Rulings (AAR) continue to give contrary rulings, with the latest one from Maharashtra. This ruling held the liaison office
DHFL: RBI was never in favour of Wadhawan’s settlement offer – The Financial Express
lipped from: https://www.financialexpress.com/industry/banking-finance/dhfl-rbi-was-never-in-favour-of-wadhawans-settlement-offer/2259705/ RBI, in its submission at NCLT Mumbai on January 15, 2021, had said, “Affording the applicant (Kapil Wadhawan) even an opportunity of presenting
Message tracing: WhatsApp challenges new IT rules in Delhi High Court – The Financial Express
Clipped from: https://www.financialexpress.com/industry/technology/message-tracing-whatsapp-challenges-new-it-rules-in-delhi-high-court/2259633/ Against clause which requires it to provide first originator of ‘mischievous messages’ What WhatsApp means to say is that end-to-end encryption was designed
Don’t let errant promoters make mockery of IBC – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/dont-let-errant-promoters-make-mockery-of-ibc/2259687/ Lenders should not be forced to consider Wadhawan proposal, this would create a moral hazard If that came as a rude shock, the
Storm over social media | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/storm-over-social-media-121052601473_1.html There can’t be arbitrary rules just because privacy right is not absolute WhatsApp, the instant messaging service, has challenged the new social media intermediary rules
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