Asish K Bhattacharyya

Rubber stamp board - a thing of the past?

Companies Act 2013 can't deter removal of an independent director from a company with concentration of ownership

M J Antony

BIFR alone to decide if unit has revived

A weekly selection of key court orders

Sukumar Mukhopadhyay

Clearing the cobwebs from the concept of GST

GST necessarily includes service tax, but VAT can only be on goods without including service tax

M J Antony

SC unveils dark side of auction sales

The Supreme Court last week unveiled a "sad, sad and shocking" story of auction sale of a liquidated company in Gujarat, in which the official liquidator and bidders played unsavory roles. The price fixed at Rs 6.25 crore for 291 plots of the ...

Vinay Umarji

How Gujarat cracked the code

Industry favours lesser number of procedures in setting businesses

Somasekhar Sundaresan

Maharashtra needs to make Modi's slogan work

Various instruments listed in the schedule to the Bombay Stamp Act are subject to payment of stamp duty

M J Antony

Protection for sick units from creditors

Creditors of sick companies have lost another battle to recover their money when the Supreme Court last week ruled that the Sick Industrial Companies Act (SICA) shall prevail over the Recovery of Debts due to Banks and Financial Institutions (RDDB) ...

Mukesh Butani

Indirect transfer - not just an Indian phenomenon

To some extent, the AP High Court has settled the debate in favour of the taxpayer in the case of Sanofi

M J Antony

Directors in the dock when cheque bounces

A weekly selection of key court orders

Asish K Bhattacharyya

Family firms focus on business sustainability

Succession planning, sibling rivalry and dispute among family members can lead to difficult situations

M J Antony

More SC rules on bouncing cheques

While disposing of a batch of cheque bounce appeals with a 14-year history, the Supreme Court last week set forth six more guidelines to speed up trials in such cases. In the past few months, the court had issued some twenty other rules to be ...

Sukumar Mukhopadhyay

Denying Cenvat credit for export untenable

Zero-rating in case of exports means that the duty on input and output will have to be refunded, or not charged

M J Antony

PSUs in fratricidal legal battles

Despite repeated calls by the Supreme Court to public authorities to sort out their differences among themselves and not to resort to prolonged litigation using tax-payers' money, this fratricidal syndrome has not faded a bit. A committee to sort ...

Somasekhar Sundaresan

With great power comes great responsibility

Courts have, by and large, been supportive of power whenever Sebi has used it in extraordinary circumstances

M J Antony

Reward for persistent litigation

A weekly selection of key court orders

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Bharti Airtel: Shedding tower assets, more in store

Tower deals a positive; stock could be re-rated if the firm leaves some smaller African markets

E-com IPOs: Infibeam sets the ball rolling

Measured growth and expansion could help the firm turn profitable this year