New-generation private sector banks such as ICICI, HDFC, Axis, Kotak etcetera owe their existence to the recommendations of the first Narasimham Committee.
The tax department is on a spree to ensure more taxpayers in the country use the PAN card.
Markets watchdog Sebi has disposed of adjudication proceedings without imposing any penalty on Reliance Industries Ltd in a matter related to alleged incorrect disclosure of diluted earnings per share in its financial results more than 13 years ago. Sebi decided not to impose any penalty for the alleged violations mainly on two grounds, including that the amendment to the relevant law that made incorrect disclosure of information by a listed company punishable came into force prospectively from March 2019. Besides, the regulator mentioned about its pending appeal before the Supreme Court against a Securities Appellate Tribunal (SAT) order.
CPRL Board may meet this week to decide if the outlets in the north and east of India can be kept open till the matter is settled in courts
Experts say that under the liquidation process, financial and operational creditors are less likely to recover the full-value of their dues, while employees may not get their full salaries.
Five key capital market announcements from the previous Budget.
Since Reliance senior counsel Janak Dwarkadas could not be present in the courtroom due to a medical emergency, the company sought adjournment, following which the tribunal agreed to hear the matter on April 16.
'Individuals can consider dividing ownership of properties between related persons to ensure that the sale transactions are below the Rs 50 lakh limit and therefore not subject to TDS.'
Finance Minister Nirmala Sitharaman on Monday assured the industry that momentum of economic reforms will continue to make India a hotspot of global investment. India has turned the crisis created by COVID-19 pandemic into an opportunity to push the economic reforms, which remained pending for decades, she said while addressing the National MNC's Conference 2020 organised by industry chamber CII.
Markets regulator Sebi on Tuesday imposed a penalty of Rs 5 crore on NDTV for its failure to disclose price-sensitive information about VCPL loan agreements but the company denied the charges and said it will appeal against the ruling. The loan agreements had clauses and conditions that substantially affected the functioning of the media company, Sebi said in its order. The regulator said its probe began after receipt of complaints in 2017 from Quantum Securities Pvt Ltd about an alleged violation of rules by non-disclosure of material information to the shareholders about loan agreements with Vishvapradhan Commercial Private Ltd (VCPL).
Uttam Galva Steels is a part of the Reserve Bank of India's second list of cases, which will be referred to the bankruptcy tribunal for insolvency proceedings after lenders failed to resolve the account by December 2017.
Dera Saccha Sauda chief Gurmeet Ram Rahim Singh on Friday said he was unaware of the reasons behind Central Board of Film Certification chairperson Leela Samson's resignation, adding that those protesting against his movie Messenger of God have not seen it yet.
Amidst reports that controversial film "Messenger of God" featuring Dera Saccha Sauda chief Gurmeet Ram Rahim Singh in lead role has been cleared by Film Certification Appellate Tribunal, Censor Board chief Leela Samson on Thursday night said she has decided to resign.
The petitioner said the companies were increasing the prices just to earn huge profit. Companies like Bharti Airtel had posted an annual profit of more than 90 per cent, the NGO said.
If advance tax revenue fails to meet the expected growth, these PSUs could be asked to pay taxes on past demands raised against them.
Jailed former Tamil Nadu Chief Minister J Jayalalithaa, denied bail by Karnataka high court following her conviction and four year sentence in a graft case, on Thursday moved the Supreme Court for bail.
The Vivaad se Vishwas scheme is a replica of the Sabka Vishwas (Legacy Dispute Regulation) Scheme, 2019 (SVLDRS) for indirect tax litigation. The hope is that this would unlock revenue blocked in long-drawn litigation at various forums. Sources in the department say the total value at stake in these disputes would be Rs 5-6 trillion.
The closure of BPSL would add about three million tonnes capacity to JSW Steel's existing 18 million tonnes.
Finance Minister Arun Jaitley on Friday said as many as 37,506 tax dispute cases were pending before various Income Tax Appellate Tribunals having a financial implication of Rs 1.45 lakh crore at end March 2015.
Vodafone is locked in twin tax disputes with the government.
Jailed All India Anna Dravida Munnetra Kazhagam supremo Jayalalithaa will have to stay in prison for at least 6 more days as the vacation bench of the Karnataka High Court on Wednesday posted for October 7 hearing on her pleas for suspension of the sentence and immediate bail in the disproportionate assets case.
Vikram Bakshi says the 169 stores will remain open, McDonald's says it will take steps to enforce termination.
A robust dispute settlement system would help the government unlock tax revenues, and also aid ease of doing business.
Insolvency and Bankruptcy Code bound stocks have witnessed a steep fall in 2018.
A battle royale, fought over 15 long years, comes to an end as a prince and a princess -- grandchildren of the legendary Rajmata Gayatri Devi -- get back the Jai Mahal Palace Hotel from their step-uncles.
Google abusing dominance in online web search, watchdog said; Matrimony.com complaining the search giant had got off too lightly
There are about 31,000 pending cases, locking revenue worth Rs 500 crore.
Since the inception of the code, the threat of insolvency has brought many debtors in line
DTC task force also favoured doing away with Dividend Distribution Tax by suggesting taxing dividends in the hands of shareholders.
The amendments give committee of creditors of a loan defaulting company explicit authority over the distribution of proceeds in the resolution process and fixes a firm timeline of 330 days for resolving cases referred to the IBC.
Supreme Court had asked the government to issue RCom a NoC for spectrum sale to Reliance Jio Infocomm by December 9 if it furnishes a corporate guarantee of Rs 1,400 crore
Higher power tariff would have fetched Tata's Mundra UMPP Rs 25,000 crore (Rs 250 billion) and Adani's project an additional Rs 18,500 crore (Rs 185 billion)
DLF wrote to Sebi, asking if the firm's ban on securities transactions extends to mutual fund investments.
The Lahore High Court has given a clean chit to Pakistan's maverick former fast bowler Shoaib Akhtar.
"Have you (counsel for the petitioner) seen the film? Have the people, who are burning cinema halls seen the film? By this kind of petitions you are encouraging the people who are agitating," the bench observed.
After initiating stern action against 331 companies, the market regulator seems willing to revoke its stringent restrictions for some entities.
Regulator Sebi on Friday imposed penalties on Reliance Industries Ltd, its chairman and managing director Mukesh Ambani as well as two other entities for alleged manipulative trading in the shares of erstwhile Reliance Petroleum Ltd (RPL) back in November 2007. Fines of Rs 25 crore and Rs 15 crore have been imposed on Reliance Industries Ltd (RIL) and Ambani, respectively. Besides, Navi Mumbai SEZ Pvt Ltd has been asked to pay a penalty of Rs 20 crore and Mumbai SEZ Ltd has been directed to pay Rs 10 crore. The case pertains to sale and purchase of RPL shares in the cash and the futures segments in November 2007.
The revenue department has not seen a single deposit, owing to the outbreak of the COVID-19 pandemic.
Legal hurdle cited in I-T action against 32,000 entities.
Reliance Group-owned power distribution companies in Delhi on Thursday approached the Supreme Court against NTPC's notice threatening to cut off power supply for not clearing outstanding dues.
