TaxCorp Corporate Laws

Corporate Laws Highlights

01-12-2023 (2023) TaxCorp(CL) 29872 (NCLT)

NCLAT upholds NFRA's orders against branch auditors of DHLF as regards their lapses committed prior to coming into force of section 132(4).

01-12-2023 (2023) TaxCorp(CL) 29871 (BOMBAY)

Where SEBI omitted to provide relevant documents to petitioner as ordered by High Court which attained finality by Supreme Court, since SEBI is required to holistically consider order of High Court which…

30-11-2023 (2023) TaxCorp(CL) 29870 (SEBI)

Where noticee, a Credit Rating Agency assigned issuer ratings to principle protected market linked debentures (PP-MLDs) issued by Altico and Altico defaulted on its PP-MLDs and did not redeem PP-MLD on…

30-11-2023 (2023) TaxCorp(CL) 29869 (SEBI)

In exercise of the powers conferred upon me under section 11, 11(4) and 11B of the SEBI Act read with section 19 of the SEBI Act, 1992, and regulation 11 of SEBI (Prohibition of Fraudulent and Unfair …

01-09-2023 (2023) TaxCorp(CL) 29868 (NCLT)

Delisting regulation of 2021 had no provisions for redressal of grievance of a person who has wrongly been show as a promoter in a delisted company and consequent to which demat account of said promoter…

01-09-2023 (2023) TaxCorp(CL) 29867 (NCLT)

Where RoC wrongly struck off respondent company under FTE scheme on application made by respondent concealing fact about investigation having been ordered into its affairs by MCA, which was in violation…

22-11-2023 (2023) TaxCorp(CL) 29866 (NCLT)

The above reasons persuade this Court to allow the present application for appointment of arbitrators under section 11(6) of the 1996 Act in terms of the arbitration agreement contained in the Service…

22-11-2023 (2023) TaxCorp(CL) 29865 (NCLT)

Where a petition was filed alleging oppression and mismanagement in relation to non implementation of a memorandum of family arrangement , since, instant Tribunal was not a proper forum to adjudicate …

22-11-2023 (2023) TaxCorp(CL) 29864 (SAT)

Where Show Cause Notice issued under section 11B of SEBI Act asked the noticee Venture Capital Fund in winding up as to why suitable directions under section 11B and Regulations 29(c) and 29(d) of Venture…

22-11-2023 (2023) TaxCorp(CL) 29863 (NFRA)

In the qualified opinion by the EP, when there was sufficient basis for an adverse opinion, was without due diligence and without obtaining sufficient appropriate audit evidence, and thus the EP failed…

09-10-2023 (2023) TaxCorp(CL) 29862 (SAT)

The appellant when he came to know about the digital signatures being used for his resignation purpose, had filed a police complaint on 15-11-2013 against the Managing Director of the Company, 'S'. This…

26-07-2023 (2023) 241 Comp Cas 430 (NCLT) : (2023) TaxCorp(CL) 29861 (NCLT)

INSOLVENCY RESOLUTION — MORATORIUM - The Department as an “authority” under the Kerala State Goods and Services tax Act, 2017 , initiated proceedings against the corporate debtor during the period of …

26-07-2023 (2023) 241 Comp Cas 409 (NCLT) : (2023) TaxCorp(CL) 29860 (NCLT)

INSOLVENCY RESOLUTION — APPLICATION BY CORPORATE DEBTOR ADMITTED - These aircraft which were provided by the lessor on lease to the corporate debtor came within the definition of the property under the…

29-08-2023 (2023) 241 Comp Cas 392 (NCLT) : (2023) TaxCorp(CL) 29859 (NCLT)

Section 185 of Companies Act, 2013 - OFFENCES AND PROSECUTION — COMPOUNDING OF OFFENCES - The amendment to section 185(2) of the 2013 Act, had not created a new wrong or new offence, but introduced a …

13-10-2023 (2023) 241 Comp Cas 387 (NCLT) : (2023) TaxCorp(CL) 29858 (NCLT)

INSOLVENCY RESOLUTION — PETITION FILED BY FINANCIAL CREDITOR - In the light of the judgments of the Supreme Court in the matter of JAYPEE KENSINGTON BOULEVARD APARTMENTS WELFARE ASSOCIATION v. NBCC (INDIA)…

27-06-2022 (2023) 241 Comp Cas 373 (NCLT) : (2023) TaxCorp(CL) 29857 (NCLT)

INSOLVENCY RESOLUTION — PETITION FILED BY FINANCIAL CREDITOR - The shareholders of JIL were the complete owners of the shares in the corporate debtor. Since JIL was undergoing corporate insolvency resolution…

18-09-2023 (2023) 241 Comp Cas 357 (NCLT) : (2023) TaxCorp(CL) 29856 (NCLT)

INSOLVENCY RESOLUTION — APPLICATION BY OPERATIONAL CREDITOR - The ledger account of the operational creditor maintained by the corporate debtor itself contained an admitted balance of Rs. 4,04,260 payable…

04-09-2023 (2023) 241 Comp Cas 332 (NCLT) : (2023) TaxCorp(CL) 29855 (NCLT)

INSOLVENCY RESOLUTION — PREFERENTIAL TRANSACTION - All the transactions claimed to be preferential transaction took place within the respective look-back periods, i. e., between January 1, 2018 and January…

23-11-2023 (2023) TaxCorp(CL) 29854 (NCLT)

The Tribunal passed the impugned order after duly considering that the jurisdiction of the Tribunal cannot be invoked for giving effect to a compromise between the parties. The impugned order does not…

30-10-2023 (2023) TaxCorp(CL) 29853 (SAT)

Where one Prem Agarwal had circulated a false and misleading short message service (SMS) regarding scrip in company IFS and appellant had bought shares prior to issuance of SMS and thereafter sold shares…

01-12-2023 Circular No. SEBI/HO/OIAE/IGRD/CIR/P/2023/183

Extension of timeline for implementation of provisions of circular SEBI/HO/OIAE/IGRD/CIR/P/2023/156 dated September 20, 2023 on Redressal of investor grievances through the SEBI Complaint Redressal (SCORES) Platform and linking it to Online Dispute Resolution platform ...

17-11-2023 Circular No. SEBI/HO/MIRSD/POD-1/P/CIR/2023/181

Simplified norms for processing investor’s service requests by RTAs and norms for furnishing PAN, KYC details and Nomination ...

13-11-2023 Circular No. SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2023/180

Most Important Terms and Conditions (MITC) - uniform documents for formalizing the broker-client relationship ...

08-11-2023 Circular No. SEBI/HO/DDHS/DDHS-RAC-1/P/CIR/2023/178

Procedural framework for dealing with unclaimed amounts lying with Infrastructure Investment Trusts (InvITs) and manner of claiming such amounts by unitholders ...

09-11-2023 NOTIFICATION No. F. No. 17/30/2018-CL-V

Limited Liability Partnership (Significant Beneficial Owners) Rules, 2023. ...

08-11-2023 Circular No. SEBI/HO/DDHS/DDHS-RAC-1/P/CIR/2023/177

Procedural framework for dealing with unclaimed amounts lying with Real Estate Investment Trusts (REITs) and manner of claiming such amounts by unitholders ...

08-11-2023 Circular No. SEBI/HO/DDHS/DDHS-RAC-1/P/CIR/2023/176

Procedural framework for dealing with unclaimed amounts lying with entities having listed non-convertible securities and manner of claiming such amounts by investors ...

01-11-2023 Circular No. SEBI/HO/IMD/IMD-RAC-2/P/CIR/2023/000175

Simplification and streamlining of Offer Documents of Mutual Fund Schemes ...

30-10-2023 NOTIFICATION No. S.O. 4744(E)

Central Government appoints the 30th day of October, 2023 as the date on which the provisions of section 5 of the Companies (Amendment) Act, 2020 shall come into force ...

31-10-2023 Circular No. SEBI/HO/DDHS-PoD-2/P/CIR/2023/174

Revision in manner of achieving minimum public unitholding requirement – Infrastructure Investment Trusts (InvITs) ...

27-10-2023 NOTIFICATION No. G.S.R. 802(E)

Companies (Prospectus and Allotment of Securities) Second Amendment Rules, 2023 ...

27-10-2023 NOTIFICATION No. G.S.R. 803(E)

Limited Liability Partnership (Third Amendment) Rules, 2023. ...

27-10-2023 NOTIFICATION No. G.S.R. 801(E)

Companies (Management and Administration) Second Amendment Rules, 2023 ...

26-10-2023 NOTIFICATION No. S.O. 4672(E).

Bring in force Section 45 of the Competition (Amendment) Act, 2023 ...

20-10-2023 NOTIFICATION No. SEBI/LAD-NRO/GN/2023/159

Securities and Exchange Board of India (Infrastructure Investment Trusts) (Third Amendment) Regulations, 2023 ...