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Legal Law

Liquidator Not To Get Influenced By the Findings of MER...

Liquidator Not To Get Influenced By the Findings of MERC: NCLT

The NCLT Hyderabad Bench in the case of Punjab National Bank v. Lanco Vidarbha Thermal Power Ltd (2022) has rejected the findings of the liquidator while s...

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SEBI

SEBI Modifies Reporting Of OTC Trades in Non-Convertibl...

SEBI Modifies Reporting Of OTC Trades in Non-Convertible Securities

The OTC or over-the-counter is the trading of securities between two parties executed outside of formal exchanges & without the supervision of a stock...

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Income Tax

Applicability of Professional Tax Registration in Punja...

Applicability of Professional Tax Registration in Punjab

Professional tax is a state-level tax levied on professions and trades done in different states in India. The rate of professional tax may differ from one...

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AIF Registration

SEBI Scheme of AIF for Priority Distribution among Inve...

SEBI Scheme of AIF for Priority Distribution among Investors

The AIF or Alternative Investment Fund is a privately pooled instrument vehicle which obtains funds from the investors. The AIF protects the interests of t...

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SEBI

Guidelines on Appointment of Compliance Officers: NSE...

Guidelines on Appointment of Compliance Officers: NSE

The National Stock Exchange of India (NSE) issued a circular on 25th November 2022 stating the guidelines pertaining to the appointment of compliance offic...

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Income Tax

Premium on Redemption of Convertible Debentures is Reve...

Premium on Redemption of Convertible Debentures is Revenue Expenditure

The Karnataka High Court in the case of Nitesh Housing Developers (P.) Ltd. v. Deputy Commissioner of Income-tax 2022 has allowed that the premium on redem...

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ITAT

SC’s Recent Judgment on Revaluation of Capital Assets...

SC’s Recent Judgment on Revaluation of Capital Assets

The Supreme Court's decision, with Justices M.R. Shah and M.M. Sundresh sitting on the divisional bench, ruled that Section 45(4) of the Income Tax Act app...

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Limited Liability Partnership

Know the LLP Closure Advantages and Disadvantages

Know the LLP Closure Advantages and Disadvantages

In a case where a Limited Liability Partnership, also called an LLP, becomes dormant, it is advisable to move forward with the LLP closure process. In orde...

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