The communication has been kept "informal" as banning purchase of country-specific products would be in violation of the World Trade Organization (WHO) rules
As per earlier timeline, Chokshi & Chokshi was to complete by first week of July but given the tedious nature of the probe, it will be allowed to submit its finding by end July or first week of August
Market regulator starts process to hire two candidates on deputation
11 others named too in chargesheet filed under PMLA
Dhoot has been earlier booked by the CBI in the Videocon-ICICI bank loan case.
Regulator rejects overseas investments proposals of funds that fail to meet set parameters
Earlier, Sebi is learnt to have asked those who came in close contact with the official who has tested positive to go on a 14-day quarantine
PE, VC funds domiciled in the island nation on the radar
The 10% threshold is in line with the rules for significant beneficial owners under the Companies Act, 2013
Move comes after a group of IRS created panic and tax policy uncertainty
MCA notification doesn't include banks as they are governed by separate Act; sources say separate guidelines may have to be issued for them
Hopes for bettwe results post Covid-19 as revenue dept has not seen a single deposit owing to the disease outbreak
The move comes after the Sebi, Association of Mutual Funds (Amfi), and IDBI trustee moved a Division Bench of the court, challenging the interim order granting protection to Indiabulls.
Experts said the notification provides much-needed clarity on the "acquisition after renunciation of rights" by NRIs
The regulator's directive comes after at least three companies -Indiabulls, Edelweiss, and Future Group - sought court action in such matters, amid the Covid-19 disruption
Cap on purchase limit being discussed
The issue surfaced after the shareholding pattern disclosed by HDFC showed the People's Bank of China had hiked its stake in the mortgage lender during the March quarter
I-T dept receives 24 enquiries from Indian subsidiaries, permanent establishments of foreign firms
Investors have already swamped the government and Sebi with such demands as stocks of several companies have taken a beating
Ambani had been called by the ED in connection with an ongoing money laundering case against YES Bank co-founder Rana Kapoor