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10 October 2018 at 15 : 14 PM
Tax Hotline: Mumbai tribunal: asset based valuation not applicable to preference shares
Read MoreOctober 10, 2018 MUMBAI TRIBUNAL: ASSET BASED VALUATION NOT APPLICABLE TO PREFERENCE SHARES Tribunal refuses to accept the calculation of fair market value of redeemable preference shares based on net worth of the issuing company. Rules that preference shares and equity shares are different in substance for the purposes of valuation. Rejects argument that premium […]
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9 October 2018 at 19 : 32 PM
Tax Hotline: CBDT issues final notification on 10% tax rate for certain transactions
Read MoreOctober 09, 2018 CBDT ISSUES FINAL NOTIFICATION ON 10% TAX RATE FOR CERTAIN TRANSACTIONS BACKGROUND The Finance Act, 2018 (the “FA, 2018”) introduced Section 112A into the Income Tax Act, 1961 (the “Tax Act”) with effect from April 01, 2018 wherein it stipulated that the capital gains of more than INR 1,00,000 received for alienation […]
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8 October 2018 at 18 : 41 PM
Ineligibility under Section 29A, IBC (September 25, 2018)
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8 October 2018 at 18 : 14 PM
Section 377 judgment Part II (September 20, 2018)
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8 October 2018 at 17 : 29 PM
Section 377 Judgment (September 17, 2018)
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5 October 2018 at 18 : 32 PM
Tax Hotline: NCLT Refuses to Sanction Merger Scheme on Tax Avoidance Grounds
Read MoreOctober 05, 2018 NCLT REFUSES TO SANCTION MERGER SCHEME ON TAX AVOIDANCE GROUNDS NCLT refuses to sanction merger resulting in benefit only for promoters; rules that merger not in the public interest; Rules that hypothetical tax liabilities should be dealt with prior to grant of sanction, not post grant of sanction. Tax authorities raise objections; […]
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4 October 2018 at 18 : 59 PM
Education Sector Hotline: Edtech Platform held liable for hosting infringing content
Read MoreOctober 04, 2018 EDTECH PLATFORM HELD LIABLE FOR HOSTING INFRINGING CONTENT In a recent judgement, the Madras High Court held that: Platforms hosting user content and retaining control over the content, by exercising their right to modify and refuse uploads, cannot claim safe harbour protection under Section 79 of the Information Technology Act, 2000 (“IT […]
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26 September 2018 at 23 : 08 PM
Funds + Regulatory Hotline: SEBI declares NRIs & OCIs eligible for FPIs, prescribes additional KYC norms
Read MoreSeptember 26, 2018 SEBI DECLARES NRIS & OCIS ELIGIBLE FOR FPIS, PRESCRIBES ADDITIONAL KYC NORMS Post consideration of the interim report submitted by the HR Khan working group, SEBI has recently released two circulars for FPIs – one dealing with eligibility criteria for new and existing FPIs that have NRI participation and the other dealing […]
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25 September 2018 at 18 : 21 PM
Indian Drone Regulations 1.0 (September 19, 2018)
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25 September 2018 at 18 : 25 PM
Trading Plans – SEBI’s Informal Guidance (September 18, 2018)
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24 September 2018 at 18 : 33 PM
Insolvency and Bankruptcy Hotline: Bondholders under IBC: Unravelling no action clauses
Read MoreSeptember 24, 2018 BONDHOLDERS UNDER IBC: UNRAVELLING NO ACTION CLAUSES This article was originally published in the 24th September 2018 edition of SUMMARY: In this article, we explore the rights of a special class of creditors, i.e. holders of bonds (Bondholders) and their ability to initiate corporate insolvency resolution process (CIR Process) under IBC in light of “no […]
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24 September 2018 at 15 : 43 PM
Structure-Credit Platform (September 12, 2018)
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24 September 2018 at 15 : 37 PM
HR Laws CE: Updates on POSH Act and Recent Case Laws, Part II (September 06, 2018)
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24 September 2018 at 14 : 42 PM
Dispute Resolution Hotline: India: power of courts to refer non-signatories to arbitration
Read MoreSeptember 24, 2018 INDIA: POWER OF COURTS TO REFER NON-SIGNATORIES TO ARBITRATION This article was originally published in International Arbitration Law Review (Vol. 21 Issue 4 of 2018) SUMMARY: In the context of foreign-seated arbitrations, the Supreme Court of India has clarified that non-signatories to an agreement may be referred to arbitration in certain circumstances […]
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20 September 2018 at 18 : 02 PM
Tax Hotline: Madras High Court: Indian company is not an agent for transfer of its own shares
Read MoreSeptember 20, 2018 MADRAS HIGH COURT: INDIAN COMPANY IS NOT AN AGENT FOR TRANSFER OF ITS OWN SHARES An Indian company cannot be considered as an agent of its non-resident shareholders in relation to the overseas transfer of its shares. Show cause notice on the Indian target entity as a representative assesse of a non-resident […]
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19 September 2018 at 17 : 38 PM
Workshop by Citibank on FEMA 20 (R) New TISPRO Regulations (September 05, 2018)
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