The business would also not be allowed to claim any un-availed input tax credit for "goods lost" or "destroyed".
On Wednesday, Daiichi Sankyo's lawyers argued for a stay on stake sale by Fortis, which was opposed by counsels of the hospital chain and promoter entities.
Legal experts are not sure if threat of confiscation of property will be deterrent enough for fleeing offenders
While the scam highlights the need for an overhaul of the oversight mechanism of banks and of their internal controls, questions are being raised on why multiple audits failed to raise an alarm
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
The man who ran Mohan Meakin for over four decades was a teetotaller.
As economic policy making moves from pragmatism to populism, the bulls begin to make way for cautious optimists.
Top firms get GST notices on credit claims on Friday; replies sought within hours.
If tweets can do so much, why do we need an independent regulator and multiple committees discuss and recommend policy?
The time is ripe for a merger of eight fund houses indirectly owned and controlled by the central government, says N Sundaresha Subramanian.
India serves as the company's R&D hub as it morphs into a health tech major.
While looking at consumer behaviour in the post demonetisation period, the research found that rural consumers were equally enthusiastic about cashless payments.
Even though the powers of the board of directors stand suspended once a company's insolvency process begins, it does not absolve the directors from actions taken up to two years earlier.
The tax imposed on buyback of shares and employee stock options is different in case of listed and unlisted companies, says Sudipto Dey
Though Dentsu Aegis says C P Arora left the business in July 2016, his Twitter handle and LinkedIn profile continue to refer to him as Group CFO of Denstu India.
'If you wish to expand your business in a competitive global environment, you have no option but to be ethical.'
Under the Companies Act, all the rights of at least 300,000 disqualified directors cease to have any validity.
N Sundaresha Subramanian, Karan Choudhury and Shreya Jai report on the sorry condition of homebuyers who invested in Jaypee Infratech and the Amrapali group's Noida-based projects.
Godhwani's exit comes at a time when the company's fund raising plans and proposed related party transactions are under scrutiny, says N Sundaresha Subramanian.
About Rs 2,000 crore of realty money has flown into stocks in the National Capital Region in the months after demonetisation.
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