
Mumbai NCLT on its way to clear all pending scheme matters
The special bench of the National Company Law Tribunal (NCLT) Mumbai to hear the scheme matters including mergers, demergers and amalgamation of companies

Govt scraps rule mandating firms to list in India first to go public overseas
Private companies which list their non-convertible debentures on stock exchanges will not themselves be considered listed The new rule also indirectly throws Indian

I-T liability exists even when salaries, payments deferred
The situation may be more worrisome for service providers who have not received payments

Investors in FPIs and PE funds go back on payment commitment amid Covid-19 uncertainty
Several sovereign wealth funds, pension funds, university endowments, limited partners, corporate investors and high net worth individuals have reached out to FPIs and

HNIs, brokers brace for tax impact as debt fund fiasco unfurls
The brokers will have to value the mutual funds as stock in trade and take an asset write-off

Tax searches remain high in FY20 as officials tap goldmine of data
April-January, the department searched 893 groups, a tad lower than the searches in entire FY19Many of these searches were on real estate developers,