Daily digest for Gupta Chandan & Associates, on May 5, 2022

posted: "COMPANY LAW : Where appellant filed a petition under sections 241 and 242 before NCLT seeking injunction against respondent from proceedings with rights issue stating that it was being issued with a motive to dilute shareholding of appellant in respondent" NCLAT referred matter back to NCLT as allegation in an oppression plea consisted mixed question of law and facts May 5 COMPANY LAW : Where appellant filed a petition under sections 241 and 242 before NCLT seeking injunction against respondent from proceedings with rights issue stating that it was being issued with a motive to dilute shareholding of appellant in respondent company and NCLT ordered status quo without passing any order on merits of case, matter […] Read more of this post Comment Unsubscribe to no longer receive posts from Gupta Chandan & Associates. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://www.guptachandanassociates.com Powered by Jetpack

posted: "In order to facilitate bidding for LIC IPO, the Government of India has requested that all bank branches designated to process ASBA (Application Supported by Blocked Amount) applications may be kept open to the public on May 8, 2022 (Sunday). Further, ban" Bank branches designated to process ASBA applications to remain open on Sunday to process LIC IPO bids: Govt. May 5 In order to facilitate bidding for LIC IPO, the Government of India has requested that all bank branches designated to process ASBA (Application Supported by Blocked Amount) applications may be kept open to the public on May 8, 2022 (Sunday). Further, banks are required to ensure compliance with the requirements as per the Master Circular […] Read more of this post Comment Unsubscribe to no longer receive posts from Gupta Chandan & Associates. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://www.guptachandanassociates.com Powered by Jetpack

posted: "In order to facilitate bidding for LIC IPO, the Government of India has requested that all bank branches designated to process ASBA (Application Supported by Blocked Amount) applications may be kept open to the public on May 8, 2022 (Sunday). Further, ban" Govt. Directs ASBA designated branches to remain open to the public on Sunday to process applications for LIC IPO May 5 In order to facilitate bidding for LIC IPO, the Government of India has requested that all bank branches designated to process ASBA (Application Supported by Blocked Amount) applications may be kept open to the public on May 8, 2022 (Sunday). Further, banks are required to ensure compliance with the requirements as per the Master Circular […] Read more of this post Comment Unsubscribe to no longer receive posts from Gupta Chandan & Associates. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://www.guptachandanassociates.com Powered by Jetpack

posted: "INCOME TAX : Where penalty was levied on assessee for wrong calculation of loss, but, same was not supported by books of account or other documents and there was no concealment of income, continuation of prosecution against assessee would amount to abuse " Prosecution proceedings cannot be initiated for wrong calculation of loss by assessee May 5 INCOME TAX : Where penalty was levied on assessee for wrong calculation of loss, but, same was not supported by books of account or other documents and there was no concealment of income, continuation of prosecution against assessee would amount to abuse of process of law and hence, said criminal proceedings were to be quashed […] Read more of this post Comment Unsubscribe to no longer receive posts from Gupta Chandan & Associates. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://www.guptachandanassociates.com Powered by Jetpack