'That would once and for all teach all the film-makers of this country a fitting lesson!'
The income tax (IT) department seems to have quietly thrown a spanner in the works on the Securities and Exchange board of India (Sebi)'s two-year-long efforts to implement the Supreme Court order against the two Sahara group firms Sahara India Real Estate Corporation (SIRECL) and Sahara Housing Invest Corporation (SHICL).
'This issue is related to national security because they were compromising the entire capital markets's core infrastructure by leaking confidential information.' 'What would have happened if the servers had come down?' 'Or some confidential information leaked to terrorists who could have knocked out our capital market?'
As NCLAT chair, lack of basic infrastructure remains Justice Mukhopadhaya's biggest challenge. The lack of permanent staff to take down orders in shorthand and later type them out for him to correct is just one among many. In cases where there are a number of intervening parties and applicants, the courtroom is often so jam-packed that even the senior advocates have failed to find place inside.
Looking beyond the lesser penalty regime, in its 10th year of existence, the CCI needs more branches, according to experts
Almost 2,000 companies whose private provident and pension funds have invested in non-convertible debentures of IL&FS group firms are staring at the prospect of booking losses to the tune of Rs 9,000 crore or more if the interest income is added.
Undisclosed overseas assets such as immovable property, jewellery, shares and art works will be valued at fair market price for the purpose of tax and penalty under the new black money law.
What was the fraud? Why did Sebi drag its feet on the order? What options does RIL have now? Samie Modak explains these and more.
Unable to verify or trace a large number of bondholders in Sahara refund case, Sebi has begun a process to consult the business conglomerate for verifying the genuineness of such investors.
The NCLAT's order is offensive because it goes against every tenet of bankruptcy reorganisation. If Justice Sudhansu Mukhopadhyay's tenets are accepted by the Supreme Court, we will not only regress in modern bankruptcy reorganisation but also slide back in the Doing Business rankings, says Omkar Goswami.
Changes in threshold not to have a significant revenue impact, say officials
Finance firms in these SEZs likely to get tax breaks.
Launches of new homes reduced drastically this year.
Uncertainty lingers in the minds of retail investors due to scams.
Bangladesh's Supreme Court on Thursday upheld a death sentence for top Jamaat-e-Islami leader Abdul Quader Mollah for 1971 crimes against humanity, rejecting his review petition two days after his execution was dramatically put on hold in a last-minute reprieve.
Has the Modi government been more at odds with institutions than other governments? There is no doubt that there have been more run-ins. While the RBI and CBI cases have drawn attention, there have been others, less publicised, Subhomoy Bhattacharjee points out.
While passing the scrutiny of courts is a tough challenge, with eight proposed amendments to the insolvency law, the government has sought to turn the focus back on at least some of the functions of the bankruptcy law.
The report touches on variety of issues including consent, rights of children, data protection authority and right to recall data.
Satyam Case has not ended after court verdict, there's lot to unfold say insiders.
Bangladesh Supreme Court on Wednesday upheld the death sentences handed down to two top opposition leaders convicted for war crimes committed during 1971 independence war against Pakistan, rejecting their final review petitions.
Are we creeping back to controls on corporate decision making? Three moves over the past eight months reinforce this notion, says Kanika Datta.
The deal, involving Abu Dhabi carrier Etihad's purchase of 24 per cent stake in Naresh Goyal-led Jet Airways, was approved last month by the Competition Commission of India.
The regulator is unhappy with the exchange in the market crash case that occurred in 2012.
Agreement between Bharti Airtel and Loop Mobile, which offers mobile services in Mumbai, expired on October 31
The Bill comes at a time when prospective home buyers are avoiding under-construction projects, almost everywhere in the country, thereby drying up sources of interest-free funds for debt-ridden developer firms
The man's Indian citizenship was denied on the ground of discrepancy in the name of his grandfather.
Demand for 1,800-MHz weak but govt secures a combined Rs 42k cr on Day-1
Indian High Commissioner in Islamabad Gautam Bambawale on Wednesday met with Pakistan's Foreign Secretary Tehmina Janjua and sought the consular access to Jadhav.
The HMO said it will amend the rules to increase the time limit of filing of appeals in foreigners tribunals from 60 to 120 days for those who would be excluded from the final NRC.
Indian High Commissioner in Islamabad Gautam Bambawale met Pakistan Foreign Secretary Tehmina Janjua in connection with the case of Jadhav, who has been given death sentence by a Pakistani military court for alleged spying.
The three main regulators have different approaches to grievance redressal and different standards to stop harmful from coming pitched at the consumer.
The CM also announced compensation of Rs 10 lakh each for those killed during the protest and Rs 3 lakh each for the injured, government jobs for the family members of the deceased also announced.
While critics and protestors have multifarious arguments to offer, the defence of CAA has been uni-dimensional and uni-focussed as has been the case with most policies of the Modi government and the political positions of his party. But to be drawn into an issue that has assumed more than local and national dimensions, Rajini has knowingly or otherwise, taken the plunge and in favour of the BJP -- or, so it has come to be seen, says N Sathiya Moorthy.
Investors and EOW waded through a maze of legal obstacles to get their hands on the 'kingpin'.
Eleven years on, while 80% of scam-hit investors have been fully compensated, more than 50% of the sum is yet to be distributed.
The government has provided a long-term vision.
The Enforcement Directorate has managed to sniff out over Rs 9,000 crore as suspected haul from money laundering in a decade, but it has yet to link those against anyone successfully in a court.
Why do we need a bad bank, owned by the banks themselves when there are at least 28 ARCs around, asks Tamal Bandyopadhyay.
The Union finance ministry has asked field officers of the income tax department to not be adversarial to assessees, and to not send high-pitched demands without a proper basis.
With the arrest of the film censor board's CEO on charges of demanding bribes to clear films, the regulatory role of the panel is in focus once again
