Leading exchange BSE on Wednesday asked Infosys to explain why it did not make a disclosure about a whistleblower complaint which alleged that the company's top executives were following "unethical practices" to shore up profits through irregular accounting ways.
Also, a dedicated cell, headed by a member of the Central Board for Direct Taxes (CBDT), will be set up to address concerns faced by start-ups.
FPIs would be classified into two categories instead of three, while the requirements for issuance and subscription of offshore derivative instruments would be rationalised.
'The introduction of a tax on LTCG will be a deterrent for foreign investors and could potentially result in a movement of trading activity away from India to other offshore jurisdictions such as Singapore, which offer better tax rates and sophisticated financial products.'
Sebi had given an extension last year for PSUs to meet 25% minimum public shareholding rule
With the demand for lower costs in process driven activities and a move away from the high rate, billable hours of legal services, AI platforms are being used internationally in many legal tasks.
Diverse marquee investors are becoming long-term shareholders of Jio Platforms because of a unique set of technologies and platforms under one entity.
Specific sections of the Companies Act need to be amended to empower Sebi to regulate or take penal action against an unlisted entity and its promoters for violating the insider trading and other securities norms.
In a statement, Fortis said under the accepted offer, IHH would infuse Rs 4,000 crore through subscription to the preferential allotment at a price of Rs 170 per share. The Malaysian firm will then make a mandatory open offer to public shareholders for 26 per cent of the outstanding shares post issuance.
Corporate Affairs Secretary Injeti Srinivas said the issue is how the interests of stakeholders are to be balanced
Issues Rs 358 crore interim dividend, 1:10 bonus and 10:1 split
There were no evidence of any kickbacks, inappropriate contracting or unreasonable expenses
Reliance Jio to take over mobile business assets of troubled RCom at an estimated value of Rs 24,000-Rs 25,000 crore.
Before participating in such a scheme, do a detailed background check of the company's credentials, especially if the promised returns are unrealistic.
While the market regulator's recent note on portfolio management schemes has kicked up a storm, that is not the only pain point for businesses, says N Sundaresha Subramanian.
India is often viewed as an aggressive tax jurisdiction by domestic and overseas taxpayers, and making the charter as part of the Act may help restore confidence among taxpayers.
The challenge for BMW is to overtake Mercedes-Benz, which bounced back three years ago to become king of the hill.
Alibaba will acquire 25 per cent stake in One97 Communications.
Capital gains tax is no longer exempt even for investors coming via Mauritius, hence FPIs are now classifying it as interest income to save on taxes.
Commerce ministry suggests easy conditions for availing capital gains tax exemptions
More punitive action was needed against the company and the management, say experts
Retention of Murthy within the promoter group was crucial for Infosys as the company believed the promoters' relationship would help the company in difficult times.
'A 180-days period -- for insolvency resolution -- is aggressive, but by no means inadequate.'
The regulations will only apply to the share purchases that have been done after October 1, 2004
Lenders can now review a borrower account within 30 days of default. Earlier, the banks had to start resolution within one day of default.
The new board will have to provide the NCLT a road map for turning around the company by October 31, which, Kotak said, is challenging, given that the company's issues represent a "moving target"
Apart from making your purchases on these platforms expensive, it will also mean sellers will have to face the brunt of reduced cash flows amid already low margins for some. Experts said the proposal, which will take effect on April 1, 2020, and will be inserted as a new section in the Income Tax Act, is expected to affect the working capital of e-commerce companies and reduce cash flows for e-sellers.
'Three hotels with exceptional food left me hankering to go back to feast at their tables,' says Rahul Jacob.
Sebi, RBI discuss monitoring foreign investors in real time after foreign shareholding cap breach in HDFC Bank on February 17
Some experts says that the high net-worth requirement of Rs 50 crore for setting up an IU is a deterrent.
Experts consider Sebi's takeover code in its present form to be on a par with any foreign code governing public mergers and acquisitions.
Exchanges believe its legal status may now change, with the government pushing for digitised transactions.
Compliance costs and legal scrutiny could rise.
In the first of a two-part series, Tamal Bandyopadhyay explains why the ICICI Bank's board first rushed to deny all allegations against Kochhar and then took the extreme steps against her.
As all regulators are part of it, individuals don't need to worry about approaching the right authority
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Amidst debate over control of Jet Airways post UAE's Etihad buying stake, the RBI on Thursday notified FDI guidelines defining control of a company, saying that a firm will be said to be controlled by non-residents if they have powers to appoint majority of the directors.
'I'm an unbalanced human,' the founding partner of AZB, India's top law firm, tells Pavan Lall.
If an employee bond is used to ensure that the employee never leaves, then it is illegal.
'The IPL is by the biggest sports property in the country and having it will give any digital video player an edge.'
'I have been managing people since I was very young. I really enjoy it.' 'For me, age is only a proxy for experience.'
