The broad contours of their assignment are expected to be making independent assessment of recovery prospects, and estimating haircuts for restructuring cases.
Taxpayers will have to disclose all bank accounts held by them in India.
Even when large businesses said they were flying blind in mid-2020, the markets rallied and an incredible business boom followed. This is not to say that the markets will continue to rally and there is nothing to worry about, observes Debashis Basu.
The Supreme Court on Monday dismissed a plea of fugitive businessman Vijay Mallya seeking review of its 2017 order holding him guilty of contempt of court for transferring USD 40 million to his children.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries
Foreign banks set the template in consumer banking in its infancy, but have almost vacated this booming space.
The information provided by AMCs in these fact sheets is often inadequate and/or incoherent.
A Swiss government agency has disclosed having come across suspicious money laundering activities related to cases of "organised crime" in India.
Apart from INX Media and Aircel-Maxis, the four other firms which are under the scanner are Diageo Scotland, Essar Steel, Katara Holdings and Elforge Ltd. These firms were granted FIPB approval when Chidambaram was the FM, reports Shrimi Choudhary.
A newspaper reported that over 500 Indians have association with firms in tax havens.
Government on Monday said Rs 4,147 crore or Rs 41.47 billion has been disclosed under the black money compliance window.
Among all the geographies where Amazon is fighting regulators, India is the only place where its lines are also tangled in a major corporate battle, this one with India's largest company by market capitalisation over the acquisition of Mumbai-based Future Group's retail chain, the country's second largest. No other corporate entity in any country offers a challenge to Amazon's hegemony in a way Reliance Industries does - and the final hearing of an arbitration case filed at the Singapore International Arbitration Centre between the two may decide at least some of these issues. This legal battle between one of the world's most powerful corporations and one of India's most powerful conglomerates could be complicated by a host of other developments.
Kochhar has been issued a showcause notice by the regulator for alleged violation of the code of conduct.
Leading industrialist and Rajya Sabha member, Anil Ambani, has disclosed his assets and investments in various companies in a letter to Rajya Sabha Chairman Bhairon Singh Shekhawat.
The onus to explain that the gold jewellery was inherited or bought from known sources of income would be on the owner.
When an NRI returns to India, he should be aware of his tax residency status.
The problem is with the broking model and what brokers are allowed to do, notes Debashis Basu.
Tax Guru Anil Rego answers your personal income tax queries.
Samir Arora, chief investment officer of Alliance Capital Asset Management (India) Private Limited, is accused of insider trading.
RBI proposed that at least half of the compensation of a CEO should be variable. It also said that stock options should be part of the variable pay, against the extant practice of keeping it beyond and above the scope of the official compensation package.
Citing overlapping of functions, a parliamentary committee on Monday recommended integrating Central Vigilance Commission and anti-corruption wing of the Central Bureau of Investigation to work directly under the command and control of Lokpal to deal with corruption cases.
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India plans IPO rule changes to lure homegrown start-ups.
HDFC MF witnessed 17% rise in investment in its schemes to Rs 6,462 crore by group companies during May.
Consensus continues to be cautious with analysts pointing towards tougher days ahead
Sebi pointed out instances of misleading the investors by reporting incorrect data on investor complaints, instances of inappropriate utilisation of funds meant for investor education, such as spending on programmes meant for financial advisors, charging of expenses to the said funds for stationery items such as notebooks, planners and calendars, and charging of expenses without adequate records.
Usha Ananthasubramanian said the bank will leave no stone unturned to recover unpaid loans.
The current 3-page form is simplified version of an income tax return form after removing mandated disclosure of foreign trips and dormant bank accounts introduced two years back.
Volkswagen's emissions scandal is fueling investor fears about the environment.
The company said, due internal processes as applicable for sanctions of loans of such nature and value were followed
India's new tax policy which makes it mandatory to disclose foreign is not so common in developed countries.
The immediate concern for all companies is to prepare themselves - and their vendors and suppliers - for the new GST return filing mechanism, being test piloted from April 1.
Companies' annual reports can hide as much as they reveal. Investors can get early warning signals of wrongdoing by frequently speaking to other stakeholders.
"I am an international businessman. I travel to and from India frequently.
The Supreme Court on Friday ruled that returning officer can reject nomination papers of a candidate for non-disclosure and suppression of information, including that of assets and their criminal background.
Stressed asset funds could offer higher returns than traditional fixed-income funds, but holding period will be longer due to the risky underlying assets
The CBDT asks ministry of corporate affairs not to oppose its application to restore the companies struck off by the Registrar of Companies, as it would prevent the board from launching tax recovery proceedings against them.
RTI activist Anil Galgali had asked SBI about the total amount of loans given to the beleaguered businessman.
RBI and Sebi are close to reaching an agreement for providing waiver of existing norms to banks.
Lalit Modi transferred his 2,000 shares worth Rs 114,000,0 (as of Friday) in his name to son Ruchir Kumar Modi.
The regulator said if the variable pay is up to 200 per cent of the fixed pay, at least 50 per cent of it should be in non-cash, and if the variable pay is above 200 per cent, 67 per cent of it should be paid via non-cash instruments.
