The I-T department had said Vodafone India under-priced shares in a rights issue to its parent. The tax demand was for the two financial years ended March 2011.
Of the 700-odd Indians having foreign bank accounts, not all can be deemed to be operating these illegally.
The Sebi order is vindication of Sinha's stand, but it has not brought him much relief as his money is still stuck.
KK Sinha is a director in 2 firms - Gobinda Tea Trading and Kriti Infrastructures.
Allegations of predatory pricing may not hold ground in the high-pitch turf battle for consumers' pocket between e-tail and retail.
Some start-ups, small businesses allowing pets at workplace
Fraud is a big concern among many board members.
Though it is likely gross domestic capital formation increased in the quarter ended June, against declines in the previous two quarters, a significant revival in investment might take a few quarters more, economists say.
India in the last five-seven years did not do as well as it could to push progress.
Arun Jaitley had proposed in the Budget to double the rate of capital gains tax on debt MFs to 20%.
The ministry is likely to go by the recommendations of a committee on liberalising external commercial borrowings, headed by M S Sahoo, a former director with the Securities and Exchange Board of India.
Women from promoter families who have become directors since January this year include Sarala Birla (Century Textiles, Century Enka), Nawaz Gautam Singhania (Raymond Group), Bina Modi (Godfrey Phillips), Saroj Bhartia (Jindal Drilling & Industries) and Deepshikha Khaitan (Cera Sanitaryware).
The onus is on companies to put in place a vigil mechanism to detect and deter fraud.
DEA officials to push for this at a meeting with FM Jaitley.
The former RBI deputy governor talked about the prospects of an economic revival, reforms in IMF, etc.
According to SFIO, the modus operandi of the Reebok fraud involved filing fictitious invoices to show inflated sales, recording fictitious sales by raising prices of goods sold.
A recent survey done by indianboards.com suggests that around 283 directors will retire by October this year.
The finance ministry is working on a Cabinet note for establishing a full-fledged Public Debt Management Office, officials told Business Standard.
Formal announcement of venture into new segment on Thursday; group's entry timely, given the demand, say experts
As rural demand tapers, companies are back at the drawing board, firming up plans to beat the unexpected slowdown in sales.
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