| Service tax notices to DLF, Religare, Adidas for IPL-I Posted: 27 Apr 2010 09:02 PM PDT 
In the midst of a tax probe into finances of IPL, authorities have issued notices to several sponsors of the first edition of the Twenty20 event, including DLF, Adidas and Religare for non-payment of service tax. The notices have asked as to why no... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Credit Rating Agencies may be required to disclose publicly on their websites their shareholding pattern and the names of the owners Posted: 27 Apr 2010 08:52 PM PDT 
As per the information received from Securities and Exchange Board of India (SEBI), at the instance of the High Level Coordination Committee on Financial Markets (HLCCFM) Government had set up a committee to revisit the legal and policy framework... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Steps to Check Fudging of Accounts by Companies Posted: 27 Apr 2010 08:50 PM PDT 
The Government has said that as and when any instance of wrong doing by any company comes to the notice, action is taken as per provisions of the Companies Act, 1956. In addition, the Ministry of Corporate Affairs has devised Early Warning System... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| No provision under the Companies Act, 1956 for merger of Indian companies with foreign companies Posted: 27 Apr 2010 08:49 PM PDT 
The Minister of Corporate Affairs, Shri Salman Khurshid has said that there is no provision under the Companies Act, 1956 for merger of Indian companies with foreign companies. However, a foreign company may merge with an Indian company. Giving this... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| RBI declared 108 NBFCs as vanishing companies during last three years Posted: 27 Apr 2010 08:35 PM PDT 
Reserve Bank had declared 108 Non Banking Financial Companies (NBFCs) as vanishing companies during the last three years, Rajya Sabha was informed today. "Whenever a company is declared as vanishing the matter is referred to the Economic Offences... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Government set up units in Singapore and Mauritius and will create units in eight more countries Posted: 27 Apr 2010 08:32 PM PDT 
The government has set up two income tax overseas units at its missions in Singapore and Mauritius and will create such units in eight more countries to facilitate exchange of information on tax-related issues, Parliament was informed today. [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| IT department and UIDAI agreed to come together for rolling out PAN cards with unique 16 digit Aadhaar number Posted: 27 Apr 2010 08:26 PM PDT 
Income Tax department and the Unique Identification Authority of India have agreed "in-principle" to come together for rolling out PAN cards with unique 16 digit Aadhaar number. Official sources said both the UIDAI headed by Nandan Nilekani and the... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Introduction of derivative contracts on Volatility Index Posted: 27 Apr 2010 08:09 PM PDT 
Further to SEBI circular no. SEBI/DNPD/Cir-35/2007 dated January 15, 2008 with regard to introduction of Volatility Index, it has now been decided to permit Stock Exchanges to introduce derivative contracts on Volatility Index, subject to the... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Guidelines for market makers on Small and Medium Enterprise (SME) exchange/separate platform of existing exchange having nation wide terminal Posted: 27 Apr 2010 08:03 PM PDT 
SEBI has put in a framework for setting up of new exchange or separate platform of existing stock exchange having nationwide terminals for SME (hereinafter referred to as the 'Exchange/ SME Exchange'). In order to operationalise the said framework,... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Government need to constitute a joint parliamentary committee on tax havens Posted: 27 Apr 2010 07:21 PM PDT 
The Indian Premier League (IPL) did not start with Sunanda Pushkar. It has been around for more than three years. The relationship between IPL franchises and tax havens is not something new. But the investigative hounds were unleashed after the exit... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| IT department issued notice to firm owned by Lalit Modi's son in Law Posted: 27 Apr 2010 07:13 PM PDT 
The probe into the Indian Premier League (IPL) is inching ahead. After the Mauritius-based World Sports Group (WSG), which holds the IPL broadcast rights, the income-tax (I-T) department has asked Mauritius Colway Investment, a firm owned by Lalit... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| 397/398 – Company Law Board – Forum Shopping – Indian Company Law Posted: 27 Apr 2010 06:37 PM PDT 
It is a fact that it is very rare to see a petition by a group of minority or majority under section 397/398 of the Companies Act, 1956 in listed Public Companies. As everybody knows a Company needs to get qualified as per SEBI (DIP) regulations and... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
