FREQUENTLY ASKED QUESTIONS ON SEBI (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS) REGULATIONS, 2011 These FAQs offer only a simplistic explanation/clarification of terms/concepts related to the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 [“SAST Regulations, 2011”]. Any such explanation/clarification that is provided herein should not be regarded as an interpretation of law nor be… Read More »
GOVERNMENT OF NATIONAL CAPITAL TERRITORY OF DELHI FINANCE (REVENUE-I) DEPARTMENT DELHI SECRETARIAT, I.P. ESTATE, NEW DELHI 100 02 No. F.3(18)/Fin(Rev-I)/2015-2016/DS-VI/886 Dated the 30-10-2015 NOTIFICATION In exercise of the powers conferred by sub-section (3) and( 4) of section 13 of the Central Sales Tax Act, 1956 (Act No. 74 of 1956), and all other powers enabling… Read More »
Date : Nov 02, 2015 Shri Deepak Singhal has taken over as the new Executive Director at the Reserve Bank of India today, November 2, 2015. He will look after Central Security Cell, Corporate Strategy and Budget Department, Department of Corporate Services, Human Resource Management Department (including HR Operations Unit), Rajbhasha Department and Right to… Read More »
“Whether, for the purposes of Wealth Tax Act (hereinafter referred to as the ‘Act’), the market value of the vacant land belonging to the assessee should be taken at the price which is the maximum compensation payable to the assessee under the Urban Land Ceiling Act, 1962?” Held Yes Assessing Officer was not justified in… Read More »
while dealing with a matter pertaining to specific performance of an agreement for sale of property, it was held that if the purchaser is entitled to claim compensation for deterioration, a fortiori the vendor should also be entitled to compensation for accretion in value of the subject matter of the agreement for specific performance, in case the execution thereof… Read More »
SUPREME COURT OF INDIA ABP Pvt. Ltd. & Anr. v. Union of India & Ors. [WritPetition (Civil) No. 246 of 2011], 7th February, 2014 while holding that the Justice Majithia Wage Boards for Working Journalists and Non-Journalist Newspaper and News Agency Employees followed certain well laid down principles and norms while making recommendations, it was furthe held that… Read More »
It was held that “before laying down any policy which would give benefits to its subjects, the State must think about pros and cons of the policy and its capacity to give the benefits. Without proper appreciation of all the relevant factors, the State should not give any assurance, not only because that would be in violation of… Read More »
RBI/2014-15/327 DPSS.CO.PD. No. 940 /02.27.020/2014-2015 November 28, 2014 Implementation of Bharat Bill Payment System (BBPS) – Guidelines Introduction 1. Bill payment is a major component of the retail payment transactions. The Committee to study the Feasibility of Implementation of GIRO based Payment Systems (Chairman: Shri G. Padmanabhan, Executive Director, RBI) (2013) had estimated that over… Read More »
SUPREME COURT OF INDIA PRAKASH & ORS VERSUS PHULAVATI & ORS. CIVIL APPEAL NO.7217 OF 2013 Date : 16/10/2015 Issue : whether Hindu Succession (Amendment) Act, 2005 (‘the Amendment Act’) will have retrospective effect. ? Facts of the case :- According to the case of the plaintiff, the suit properties were acquired by her late… Read More »
Supreme Court of India State through CBI, New Delhi v. Jitender Kumar Singh [Criminal Appeal No.943 of 2008], 5th February, 2014 It was held that “a Special Judge exercising powers under the Prevention of Corruption Act, 1988 is not expected to try non-PC offences totally unconnected with any PC offences under Section 3(1) of the… Read More »