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Editorial Team – [2024] 169 taxmann.com 435 (Article) World Tax News provides a weekly snippet of tax news from around the globe. Here is a glimpse of the tax happening in the world this week. 1. Russia enacted the law on the taxation of cryptocurrency; 2. Dutch Government announces delay in Box 3 tax system […]
PR No.36/2024, Dated: 18.12.2024 SEBI, in its 208th Board Meeting, approved several amendments to regulations, including measures to enhance ease of doing business related to Business Responsibility & Sustainability Reporting, a review of the SME framework under ICDR Norms, a review of Merchant Bankers Regulations, etc. The Board has approved amendments to the SEBI (LODR) […]
Circular No. SEBI/HO/AFD/AFD-POD-3/P/CIR/2024/176; Dated: 17.12.2024 SEBI has issued measures to address regulatory arbitrage regarding Offshore Derivative Instruments (ODIs) and FPIs with segregated portfolios. An FPI must issue ODIs only through a separate dedicated FPI registration with no proprietary investments. Such registration must be in the name of the FPI with ‘ODI’ as a suffix under […]
Circular SEBI/HO/AFD/AFD-POD-1/P/CIR/2024/175 dated 13-12-2024 Earlier, the SEBI had notified the norms w.r.t pro-rata and pari-passu rights of investors of AIFs. Now, SEBI has specified that the investors that has defaulted on providing his/her pro-rata contribution for the said investment will not be eligible for pro-rata rights. Further, the requirement of maintaining pro-rata rights of investors […]
Informal Guidance No. SEBI/HO/DDHS/PoD-3/P/OW/2024/29617/1, Dated 16.09.2024 A company sought informal guidance on whether a SEBI-registered Debenture Trustee (DT) can start a new business vertical for marketing CASA deposits, retail loans, and engaging DSAs for its parent company. SEBI clarified that a DT can start a new business vertical. However, they must report to SEBI every […]
Publish Date : Monday, December 16, 2024 source
Case Details: Rays Power Infrastructure (P.) Ltd. v. Assistant Commissioner of Commercial Taxes - [2024] 169 taxmann.com 151 (Karnataka) Judiciary and Counsel Details C.M. Poonacha, J. H.R. Kambiyavar, Patri Shahikala K. & Smt. Joshna P. Dhanave, Advs. for the Petitioner. Shivaprabhu S. Hiremath, AGA, Venkatesh M. Kharvi & Girish Hulmani, Advs. for the Respondent. Facts of the Case The assessee was […]
Case Details: Group M Media India (P.) Ltd. v. Union of India - [2024] 169 taxmann.com 146 (Punjab & Haryana) Judiciary and Counsel Details Sanjeev Prakash Sharma & Sanjay Vashisth, JJ. Tarun Gulati, Sr. Adv., Nikhil Goyal & Ms Anishka Gupta, Advs. for the Petitioner. Facts of the Case The petitioner was issued a notice under section 73 […]
Case Details: Rejimon Padickapparambil Alex v. Union of India - [2024] 169 taxmann.com 152 (Kerala) Judiciary and Counsel Details Dr. A.K. Jayasankaran Nambiar & K.V. Jayakumar, JJ. R. Jaikrishna, Anish P., C.S. Arun Shankar, Ganesan M., Smt. Narayani Harikrishnan & Vivek Bhat D., Advs. for the Petitioner. P.R. Sreejith, Adv., Govt. Pleader, Smt. Resmitha Ramachandran & T.C. Krishna, Sr. Panel Counsel for the […]
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