While the concerned property may be confiscated, a person indulging in such a transaction is liable to pay a fine up to 25 per cent of fair market value of the property
As many as 104 listed companies have fewer independent directors than mandated by the regulations, according to the figures from Prime Database, reports Sachin P Mampatta.
Other legal options include approaching the NCLT alleging mismanagement and oppression of minority shareholder
Several promoters of suspended companies have floated new entities or taken board seats in other listed companies, which are functional, trading
Could address the concerns over Companies Act provision on the issue
To get same tax treatment as FIIs; rules on search & seizure and consent settlement cleared
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