Tag Archives: earning

Measures to curb ‘Inversions’ announced: US Treasury

United States Department of Treasury and Internal Revenue Service has announced measures to curb ‘Inversions’ by US corporations. https://goo.gl/hsGD0P Advertisements

Posted in Banking Law, Company Law, Contract Law, FDI, General Law, Income Tax Law, International Law, Notifications/Publications/Circulars, Securities Law | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

NBFCs regulations revised: RBI

The Reserve Bank of India has revised regulations for non-banking finance companies (NBFCs). http://goo.gl/nd1bGf

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

Currency conversion date from date of passing of decree: DHC

In an important decision regarding enforcement of arbitral awards, the Delhi High Court held that the relevant date for currency conversion of the sum awarded would be the date of passing of a decree. Relying on an earlier Supreme Court … Continue reading

Posted in Arbitration Conciliation Law, Contract Law, International Law | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Revised rules for Declaration of Assets by Public Servants under Lokpal Act: Govt

Indian Government has notified fresh rules for the public servants to furnish information and annual return containing declaration of assets and liabilities. Under the Public Servants (Furnishing of Information and Annual Return of Assets and Liabilities and the Limits for … Continue reading

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

Mere co-operation doesn’t result in an AOP: DHC

In an important ruling that seems to provide clarity on taxation of turnkey contract consortiums, the Delhi High Court ruled that ‘mere corporation’ between consortium members should not result in an Association of Persons (“AOP”) tax risk in India. The … Continue reading

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Voluntary contributions should be included in the salary: SC

A Large Bench of the Supreme Court of India clarified that for the purpose of deciding net monthly income of the deceased (in a motor vehicle accident), the amount of voluntary contributions made should be included in the salary. Referring … Continue reading

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CCI notifies regulations for business combinations

Competition Commission of India notifies “Procedure in regard to the transaction of business relating to combinations” Amendment Regulations, 2014. http://goo.gl/DMQXhn  

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