Tag Archives: transaction

Part sale consideration or stamp duty can’t be sole criteria to hold transaction as benami: SC

The Supreme Court of India recently reiterated that the payment of part sale consideration or stamp duty by another person cannot be the sole criteria to hold the sale transaction as benami. After a review of plethora of case law, … Continue reading

Posted in Banking Law, Company Law, Consumer Law, Contract Law, Evidence Law, Family Law, General Law, Real Estate, Registration & Stamp Law | 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

IBBI strengthens its Due Diligence Framework under IB Code, 2016: Govt.

Insolvency and Bankruptcy Board of India (IBBI) has amended its Corporate Insolvency Resolution Process Regulations to ensure that as part of due diligence, prior to approval of a Resolution Plan, the antecedents, credit worthiness and credibility of a Resolution Applicant, … Continue reading

Posted in Administrative Law, Banking Law, Company Law, Consumer Law, General Law, Insolvency & Bankruptcy Law, International Law, Notifications/Publications/Circulars | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Equalisation Levy Rules, 2016 notified: Govt.

Indian Government recently notified Equalisation Levy Rules, 2016 on digital transactions in consonance with the initiative of the Organization for Economic Co-operation and Development (OECD). The Rules shall come into force w.e.f. June 1, 2016. The Finance Act, 2016 (Act) has introduced … Continue reading

Posted in Banking Law, Company Law, Consumer Law, Contract Law, FDI, General Law, Income Tax Law, information technology law, International Law, Notifications/Publications/Circulars, Telecommunications Law, WTO/GATT | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

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

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

Delhi High Court tosses out writ petition seeking appointment of “Competent Authority” under Benami Transactions (Prohibition) Act

Delhi High Court refused to grant any relief under a writ petition seeking a direction to the Ministry of Finance to appoint  “Competent Authority” contemplated in Section 5 of the Benami Transactions (Prohibition) Act, 1988 and to frame Rules in … Continue reading

Posted in General Law | Tagged , , , , , , , , , , , , , , , , , | Leave a comment