THE DEBT TRAP DIPLOMACY – A CASE STUDY OF CHINA
While China’s aggressive investments have definitely filled in the gap created by the reduction of investments from USA and west, the real problem appears to be the opaque, unclear, and shady intentions of the Chinese Government, and that can be addressed only through bending the hand of China through multilateral forums.
Read MoreTHE SURROGACY (REGULATION) BILL, 2018: HIGHLIGHTS OF CHAPTERS I TO III
THE SURROGACY (REGULATION) BILL, 2018: HIGHLIGHTS OF CHAPTERS I TO III India was considered the hub for commercial surrogacy for couples from different countries which resulted in reported incidents of unethical practices by several clinics across the country resulting in exploitation of surrogate mothers and abandonment of children born out of surrogacy. The print and
Read MoreMCA AMENDS THE INCORPORATION RULES TO PROVIDE FOR THE RECENT AMENDMENTS MADE TO THE COMPANIES ACT, 2013
MCA AMENDS THE INCORPORATION RULES TO PROVIDE FOR THE RECENT AMENDMENTS MADE TO THE COMPANIES ACT, 2013 The Ministry of Corporate Affairs (MCA), vide its notification dated December 18, 2018, issued the Companies (Incorporation) Fourth Amendment Rules, 2018 to insert the following three Rules: Rule 23A – Declaration at the time of commencement of business
Read MorePRIVATE PLACEMENT AND PREFERENTIAL ALLOTMENT: AN ANALYSIS
PRIVATE PLACEMENT AND PREFERENTIAL ALLOTMENT: AN ANALYSIS The two concepts of private placement and preferential allotment seem to be similar and we end up landing in confusion. Companies fulfil their funding requirements through various ways, it may be through raising of fund by way of loans or it may opt for issue of equity shares,
Read MoreFIRST RIGHT OF IT DEPARTMENT ON SOLD AND MORTGAGED PROPERTY TO RECOVER ITS DUES
FIRST RIGHT OF IT DEPARTMENT ON SOLD AND MORTGAGED PROPERTY TO RECOVER ITS DUES Introduction Section 281 of the Income-tax Act, 1961 (ITA) is one of such sections which may have a serious impact on taxpayers acquiring any right in a property. The crux of the section is that, in certain situations, transfer of an
Read MoreURJIT PATEL RESIGNS AS RBI GOVERNOR
URJIT PATEL RESIGNS AS RBI GOVERNOR Mr Urjit Patel, on December 10, 2018 (4 days before the RBI meeting), resigned as RBI Governor stating the following in his statement: “On account of personal reasons, I have decided to step down from my current position effective immediately. It has been my privilege and honour to serve
Read MoreV BI-MONTHLY POLICY: RBI ADOPTS CALIBRATED TIGHTENING
V BI-MONTHLY POLICY: RBI ADOPTS CALIBRATED TIGHTENING On the basis of an assessment of the current and evolving macroeconomic situation, the six-member committee headed by RBI Governor, Mr. Urjit Patel in its meeting decided to: Keep the policy repo rate under the Liquidity Adjustment Facility (LAF) unchanged at 6.5%. The Revenue Repo rate under LAF
Read MorePROHIBITION TO TRANSFER SECURITIES IN PHYSICAL FORM DEFERRED TO APRIL 1, 2019: SEBI
PROHIBITION TO TRANSFER SECURITIES IN PHYSICAL FORM DEFERRED TO APRIL 1, 2019: SEBI The Securities and Exchange Board of India (SEBI) vide its notification dated November 30, 2018, extended the deadline for the mandatory transfer of securities only in dematerialised form, from earlier fixed date of December 5, 2018 to April 1, 2019 upon representations
Read MoreITAT, BANGALORE: ONLY DATA OF RELEVANT FINANCIAL YEAR SHALL BE CONSIDERED FOR ASCERTAINING ALP IN AN INTERNATIONAL TRANSACTION
ITAT, BANGALORE: ONLY DATA OF RELEVANT FINANCIAL YEAR SHALL BE CONSIDERED FOR ASCERTAINING ALP IN AN INTERNATIONAL TRANSACTION DCIT Circle-11 (4), Bangalore vs. Softbrands India (P.) Ltd [2017] 88 taxmann.com 263(Bangalore-Trib) ITAT, Bangalore upheld the order of the CIT(Appeals) by stating that “in terms of Rule 10B(4) (of Income Tax Rules, 1962) data to be
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