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The IBBI has mandated that Insolvency Professionals must use an electronic platform for voluntary liquidation processes, as per a recent circular. The circular emphasizes the…
The India SME Forum has urged the government to allocate Rs 5,000 crore in the upcoming Budget for the development, promotion, and global marketing of MSMEs. The forum seeks to…
The Madhya Pradesh High Court noted that BJP MLA Kanchan Tanve failed to file a written statement in response to an election petition filed by a Congress leader. The court…
The Jharkhand High Court recently ruled on the issuance of licenses on compassionate grounds, emphasizing the need for compassionate appointments to be made in a timely manner.…
The Bombay High Court has issued a temporary injunction preventing the Maharashtra state government from rejecting proposals by ILS Law College for establishing a new university.…
The Allahabad High Court has dismissed a series of petitions challenging the central and state government orders extending the time for filing GST returns for FY 2017-18 and for…
Bootstrapped toy startup Jammbo has launched a new e-commerce B2B marketplace, Jammbomart Jammbomart.com , to streamline bulk orders for distributors and retailers across India.…
Foreign portfolio investor Raselle Capital VCC settled a case with SEBI for alleged FPI rule violations by paying ₹1.23 crore in settlement charges. The settlement, proposed…
The Kerala High Court ruled that breach of contract does not always amount to cheating under criminal law. The court emphasized that a mere breach of contract without fraudulent…
The Madras High Court has set aside a GST demand order due to a mismatch between GSTR-3B returns and GSTR-2A forms. The petitioner challenged both the initial assessment and the…
The Gujarat High Court has provided relief to Bharti Airtel by ruling that distributor discounts are not subject to Tax Deducted at Source TDS under Section 194H of the Income Tax…
Zerodha co-founder Nithin Kamath announced on social media that the brokerage may need to reconsider its zero brokerage model or increase F&O futures and options fees following a…
Motilal Oswal Financial Services Ltd MOFSL received an administrative warning from the Securities and Exchange Board of India SEBI on July 2, 2024, for minor operational issues,…
Shares of brokerages and market infrastructure institutions MIIs faced heavy selling pressure after the Securities and Exchange Board of India Sebi announced a uniform fee…
The Securities and Exchange Board of India Sebi issued a show cause notice to Hindenburg Research, highlighting that K India Opportunities Fund Limited - Class F, a sub-fund of…
The Reserve Bank of India RBI has set the interest rate for its Floating Rate Savings Bonds 2020 Taxable at 8.05% for the period from July 1, 2024, to December 31, 2024. The rate…
The Madras High Court has stayed the proceedings challenging the imposition of 18% GST on paper bags classified under the residual entry of Schedule 3. The petitioner argued that…
In a recent decision, the Gujarat High Court ruled on the deductibility of cash transactions in the sale and purchase of residential property. The court held that cash payments…
Sentient, an AI startup co-founded by Polygon’s Sandeep Nailwal, has completed an $85 million seed funding round led by Founders Fund, Pantera Capital, and Framework Ventures. The…
The Reserve Bank of India RBI has proposed draft norms to rationalize regulations for export and import transactions under the Foreign Exchange Management Act FEMA to enhance ease…
Nine Non-Banking Financial Companies NBFCs have had their Certificates of Registration CoR cancelled by the Reserve Bank of India RBI under Section 45-IA 6 of the RBI Act, 1934.…
The Directorate of Enforcement ED in Ranchi has provisionally attached 62 immovable properties worth Rs 9.67 Crore belonging to Md. Ezhar Ansari under the Prevention of Money…
The Telangana High Court declined to quash a case involving allegations that a senior advocate tried to bribe judges with ₹7 crore. The court observed that the serious nature of…
On July 1, 2024, US-based short-seller Hindenburg Research received a show cause notice from SEBI accusing it of short selling Adani Enterprises stock based on non-public…
The Calcutta High Court has stayed an order demanding payment reversal and Input Tax Credit ITC cancellation due to a supplier's registration cancellation, stating that the GST…
The Calcutta High Court has stayed an order demanding payment reversal and Input Tax Credit ITC cancellation pending an appeal by a supplier against cancellation of their GST…
The Bombay High Court ruled on the refusal of passport renewal due to pending FIR registration, stating that under the Passports Act, such refusal is permissible if the police…
The Indian Customs Electronic Gateway ICEGATE will be implemented for non-IT/ITES Special Economic Zones SEZs from July 1, 2024. The Ministry of Commerce and Industry has…
The Madras High Court quashed a GST demand, allowing the petitioner to rectify returns for GSTR-3B filing errors. The case involved the petitioner filing GSTR-3B returns for July…
The Madras High Court has addressed disciplinary action against lawyers soliciting clients through online service providers, emphasizing the violation of professional ethics and…
The Karnataka High Court ruled that under Order 7 Rule 11 of the CPC, a written statement is not mandatory for rejecting a plaint. The court emphasized that the provision allows…
The Calcutta High Court has stayed an order demanding payment reversal and Input Tax Credit ITC cancellation pending an appeal by a supplier against cancellation of their GST…
The Telangana High Court declined to quash a case involving allegations that a senior advocate tried to bribe judges with ₹7 crore. The court observed that the serious nature of…
The India SME Forum has urged the government to allocate Rs 5,000 crore in the upcoming Budget for the development, promotion, and global marketing of MSMEs. The forum seeks to…
On July 1, 2024, US-based short-seller Hindenburg Research received a show cause notice from SEBI accusing it of short selling Adani Enterprises stock based on non-public…
The Bombay High Court ruled on the refusal of passport renewal due to pending FIR registration, stating that under the Passports Act, such refusal is permissible if the police…
The Indian Customs Electronic Gateway ICEGATE will be implemented for non-IT/ITES Special Economic Zones SEZs from July 1, 2024. The Ministry of Commerce and Industry has…
The Madras High Court quashed a GST demand, allowing the petitioner to rectify returns for GSTR-3B filing errors. The case involved the petitioner filing GSTR-3B returns for July…
The Gujarat High Court has provided relief to Bharti Airtel by ruling that distributor discounts are not subject to Tax Deducted at Source TDS under Section 194H of the Income Tax…
The Madras High Court has stayed the proceedings challenging the imposition of 18% GST on paper bags classified under the residual entry of Schedule 3. The petitioner argued that…
The Madras High Court has set aside a GST demand order due to a mismatch between GSTR-3B returns and GSTR-2A forms. The petitioner challenged both the initial assessment and the…
The Kerala High Court ruled that breach of contract does not always amount to cheating under criminal law. The court emphasized that a mere breach of contract without fraudulent…
The Rajasthan High Court ruled on an appeal against an order under the Rajasthan Bovine Animal Prohibition of Slaughter and Regulation of Temporary Migration or Export Act, 1995.…
The Calcutta High Court has stayed an order demanding payment reversal and Input Tax Credit ITC cancellation due to a supplier's registration cancellation, stating that the GST…
In a recent decision, the Gujarat High Court ruled on the deductibility of cash transactions in the sale and purchase of residential property. The court held that cash payments…
The Madhya Pradesh High Court noted that BJP MLA Kanchan Tanve failed to file a written statement in response to an election petition filed by a Congress leader. The court…
The Karnataka High Court ruled that under Order 7 Rule 11 of the CPC, a written statement is not mandatory for rejecting a plaint. The court emphasized that the provision allows…
The Madras High Court has addressed disciplinary action against lawyers soliciting clients through online service providers, emphasizing the violation of professional ethics and…
The IBBI has mandated that Insolvency Professionals must use an electronic platform for voluntary liquidation processes, as per a recent circular. The circular emphasizes the…
Sentient, an AI startup co-founded by Polygon’s Sandeep Nailwal, has completed an $85 million seed funding round led by Founders Fund, Pantera Capital, and Framework Ventures. The…
The IBBI has mandated that Insolvency Professionals must use an electronic platform for voluntary liquidation processes, as per a recent circular. The circular emphasizes the…
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