New Delhi: The Supreme Court on Thursday refused to grant extension of time to Jaiprakash Associates Ltd (JAL) to deposit Rs125 crore. The amount is to be deposited by the end of this month. JAL was seeking time until 31 January to deposit Rs125 crore. As of now, the company’s liability is Rs1,525 crores. “Comply with … Continue reading “SC refuses to grant more time to Jaiprakash Associates for depositing Rs125 crore.”
Supreme Court will track down the details of cases against MP’s & MLA’s that are pending since 2014. The aim of this action is to put a full stop on politicians facing criminal charges from contesting elections. As per the direction, a bench of Justices Rajan Gogoi and Navin Sinha faddish the criminal cases filed … Continue reading “Details of cases against MP’s & MLA’s to be track down by SC”
Securities and Exchange Board of India (SEBI) has banned 10 individuals as they were sending out fake Short Message Service (SMS) in bulk recommending people to purchase the shares of the company to pump up trading volumes in the shares of Supreme Tex Mart Ltd (STML). According to SEBI, the SMS was sent to innocent … Continue reading “10 Individuals banned by SEBI for Fraudulent Trade”
Supreme Court today began hearing petitions challenging the practices of triple talaq, polygamy and nikah halala.
E-stamping to be made mandatory for transactions above Rs 1 lakh. A gazette notification has been issued in this regard after amending the Stamp rules of 1960.
Supreme Court for raising emoluments given to judges of the Supreme Court and high courts, commensurate with the recent hike in pay for central government staff.
With government-Centre and state governments being a party to nearly 46 percent of the 3.14 crore cases pending in courts.
The Bombay High Court today sentenced lawyer Satish Uke to two months of simple imprisonment for committing a criminal contempt of court by making frivolous allegations against judges and others. The Nagpur bench of the High Court also slapped a fine of Rs 2,000 on him. A division bench of Justice Prasanna Varale and Justice ZA Haq ordered Uke to surrender before the police … Continue reading “Contempt of Court– Again a lawyer get two months imprisonment”
Supreme Court has opined that if a practicing chartered accountant commits misconduct while he holds the certificate of practice issued by the ICAI.
Indian mutual funds will be allowed to invest in real estate investment trusts (REITs) and infrastructure investment trusts (InvITs), the market regulator said on Saturday, a move aimed at boosting investor interest in such alternative investments. The Securities and Exchange Board of India (SEBI) had been working on easing regulations on REITs and InvITs to woo … Continue reading “Mutual funds can now invest in REITs, InvITs”
Section 194-I of the Income-tax Act, 1961 requires that tax be deducted at source at the prescribed rates from payment of any income by way of rent. Now the issue is whether section 194-I is applicable on lump sum lease premium paid by an assessee for acquiring long-term leasehold rights for land or any other … Continue reading “CBDT clarified that lump sum lease premium or one-time upfront lease charges are not liable for TDS under section 194-I of the Income tax Act 1961”
The Ministry of Corporate Affairs had set-up a working group consisting of practitioners and experts for making recommendation for drafting regulations in respect of registration and regulations of Insolvency and Insolvency professionals and Insolvency professional agencies envisaged under the code. The following regulations have been drafted and made available on the Ministry’s website: (1) Insolvency … Continue reading “Recommendations for Insolvency, Insolvency professionals and Insolvency professional agencies”
join For Updates