Tag Archives: crore

Startups redefined; tax conditions amended: Govt.

The Department for Promotion of Industry and Internal Trade (“DPIIT”) through its notification no. G.S.R. 127(E) dated February 19, 2019 (“Notification”) has expanded the definition of startups and has relaxed conditions for claiming exemption under section 56(2)(viib) of the Income … Continue reading

Posted in Administrative Law, Company Law, Consumer Law, Contract Law, FDI, General Law, Income Tax Law, information technology law, Intellectual Property Law, International Law, Notifications/Publications/Circulars, Securities Law, Trade Law, TRIPS | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Benami Transactions Informants Reward Scheme, 2018 issued: Govt.

With the objective of obtaining people’s participation in the Income Tax Department’s efforts to unearth black money and to reduce tax evasion, a new reward scheme titled “Benami Transactions Informants Reward Scheme, 2018”, has been issued by the Income Tax … Continue reading

Posted in Company Law, Criminal Law, General Law, Income Tax Law, International Law, Notifications/Publications/Circulars | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

High Court can entertain application for pecuniary jurisdiction: DHC

The Delhi High Court clarified that in the suits filed with the High Court having a pecuniary value of less than two (2) crore and liable to be transferred to subordinate courts in view of Delhi High Court Amendment Act … Continue reading

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CCI Imposes Penalty of INR 3.81 cr ($614K) on Dr. L. H. Hiranandani Hospital

The Competition Commission of India (CCI) imposed a penalty of INR 3.81 crore ($614,000 approx.) on a Mumbai hospital for entering into anti-competitive agreements with a stem cell bank and causing appreciable adverse effect on competition in the market of … Continue reading

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SEBI given Powers to Regulate any Pooling of Funds Under An Investment Contract Involving A Corpus Of Rs.100 Crore Or More

An Ordinance to Amend the Securities Laws Promulgated; SEBI would have now Powers to Regulate any Pooling of Funds Under An Investment Contract Involving A Corpus Of Rs.100 Crore Or More Owing to new and innovative methods of raising funds … Continue reading

Posted in Banking Law, Company Law, Criminal Law, General Law, Income Tax Law, Notifications/Publications/Circulars | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

CCI slaps penalty of INR 52 crores ($10.4 million) on BCCI

The Competition Commission of India (CCI) slapped a penalty of INR 52 crores ($10.4 million) on Board for Control of Cricket in India (BCCI) for the abuse of its dominant position. The Commission said “BCCI’s economic power is enormous as … Continue reading

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CCI imposes penalty of INR 6200 on cement manufacturers for price cartelization

The Competiton Commission of India imposed a hefty penalty of INR 6200 crore (1.1 billion USD approx.) on ten (10) leading cement manfacturers of India, including ACC, Ambuja Cements, Ultratech and Jaypee Cements and Cement Manufacturers’ Association for indulging in … Continue reading

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