Category: corporate-world
-
New business undertaking in india in 2020
if someone wants to establish a new business undertaking in india, he should mainly take care of section 32 inter-alia, 32AD,35AD,10AA and 115BA. below is the link of my notion note explaining which provisions of the income tax act of india are applicable to him. https://www.notion.so/New-business-undertaking-in-2020-f494dbca367b41a2a2d5fd48c003fe14
-
NCLAT Ordered TATA & SONS to reconvert from pvt. co. to public co. and reinstate of its chairman Cyrus Mistry
Two years back, i have explained this case, while complaint was filed in NCLT, now it has become a landmark judgement of NCLAT, Find out our story tag ; [youtube https://www.youtube.com/watch?v=v5QZfUGNOj8?start=479&w=560&h=315] https://catchinteresting.wordpress.com/2017/11/25/nclt-on-an-oppression-compliant-against-tata-sons/ The NCLAT on Wednesday held the conversion of Tata Sons – the principal holding company and promoter of Tata firms – into a…
-
Amendments in IEPF.
The Investor Education & Protection Fund (Accounting, Audit, Transfer and Refund) Rules 2016 have been amended vide GSR No.571 (E) dated 14.8.2019 to simplify the process of refund of claims filed with The Investor Education & Protection Fund Authority (the Authority). The Authority has been set up under Section 125 of the Companies Act, 2013…
-
Zomato has acquired “Feeding India (NPO)”
Deepinder Goyal, Zomato’s CEO, said Feeding India ( a non profit start-up ) has been operating for the past six months and that its team has been completely integrated into the company. The startup will continue its operations and will leverage Zomato’s technology and logistics and has already distributed to the underprivileged and hungry jumping…
-
NCLAT on IL&FS group so far.
NCLAT had set July 12 as deadline for the IL&FS group to reach an agreement with creditors of 13 companies to begin releasing payments. these companies have a total outstanding debt of Rs 16,372 crore. The central government on Monday took the unprecedented step of seeking a ban on auditors Deloitte Haskins & Sells and BSR…
-
The Jet Airways story
India’s oldest private airline company Jet Airways is now in a deficit of 8500 crore rupees i.e. 85 billion rupees. it’s current shareholding pattern is as follows ; Promoter ie Naresh Kumar Goyal, having 51%. Foreign Contributor ie Etihad Airways 24%. other public ie Individuals 9%. institutional holding ie MF, LIC, FI 16%. What they are…
-
94 companies delisted from stock exchange
BSE and NSE delisted 94 companies, with effect from December 1, 2017, pursuant to order of the Delisting Committee of the Exchange in terms of SEBI (Delisting of Equity Shares) Regulations, 2009 . For the detailed study : click here
-
Shalby ltd. (hospital chain) proposed to issue an IPO
As per its draft prospectus filed with the regulator,Shalby has fixed a price band of Rs 245-248 for an IPO size of Rs 504.8 crore ($78.26 million). The public offering will open on 5th December and close two days later. The firm had earlier explored raising capital via private equity funds, but then decided to…
-
IT Department issues NOC on merger proposal between Vodafone India and Idea Cellular
In reply to the merger proposal between the Vodafone India – Idea cellular, IT authorities have issued a Non-objection Certificate (NOC). However, the NOC is given along with a caution remark about the outstanding tax liabilities of Rs 22,100 crore on Vodafone parent group. A merger requires requires an NOC from the tax department. Therefore,…
-
Financial and Operational creditors filed against RCom in NCLT
AS you must be aware, In October this year, RCom abandoned/called off its proposed merger with Aircel due to regulatory delays and legal uncertainties. the Rcom has net debt of around Rs 45,000 crore (about $7 billion), To reduce its debt, RCom was to merge its business with Aircel. Rcom took loan from China Development…