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Overview of Recent Developments in Securities Law
Securities Law UpdatesRelease of New Market Data and Analytics by SECOn April 28, 2025, the Division of Economic and Risk Analysis (DERA) within the Securities and Exchange Commission released new ins...
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Guide to NSDL Issuer Portal Registration for Corporate Actions
Initial Registration StepsIssuer's Details(a) Identify as an Issuer in the User Type section.(b) Indicate YES or NO regarding existing dematerialized securities with NSDL.(c) Indicate YES or NO about...
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Dissolution of Companies for Non-Submission of Form 20A
Reasons for Dissolution Due to Non-Submission of Form 20AAccording to the Companies Act, 2013 and the Companies (Amendment) Ordinance 2018, any company incorporated on or after November 2, 2018, must...
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Understanding the Impact of OPC Annual Returns
A One Person Company (OPC) as established under the Companies Act, 2013, offers a unique business structure that allows an individual to operate a business with limited liability. Upon establishing an...
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SEBI Levies Rs. 2 Lakh Fine on Compliance Officer for Failing to Oversee Trades of Specified Individuals under PIT Guidelines
Background of the IncidentThe Securities and Exchange Board of India (SEBI), the financial market regulator, has imposed a penalty of Rs. 2 lakh on the compliance officer of M/s Kwality Limited. The p...
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Dematerialization Guidelines for Section 8 Organizations under the Companies Act, 2013
1. Scope of Dematerialization for Section 8 Entities According to Companies (Prospectus and Allotment of Securities) Rules, 2014i. Recent Developments: On October 27, 2023, the Ministry of Corporate A...
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Repurchase of Shares: A Comprehensive Overview
The Rise of Share Buybacks in IndiaBuybacks have been gaining momentum within India's financial markets over the last decade. Prominent enterprises, including technology leader Infosys or manufacturin...
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Registrar Imposes Significant Penalties on Company and Managing Director for Non-Compliance with Office Maintenance and Financial Filings
1. Introduction to the CaseThis article examines the incident involving M/s Lunar Ventures Limited, located at 75 A. T. Plaza, Brahmaputra Road, Dispur, Guwahati, Assam. The Registrar of Companies (RO...
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Penal Actions on Nidhi Company for Non-Filing of Board Resolutions in India
Background OverviewGeneral IntroductionThe case focuses on a financial service organization, M/s. Musiri Kamdhenu Nidhi Limited, based in Tiruchirappalli, Tamil Nadu. This company defaulted in submitt...
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Landmark Victory for Charitable Trusts: CIT(A) Delhi Strikes Down Retrospective Application of Section 11(3) Amendment
A game-changing decision that provides nationwide relief to hundreds of charitable trusts facing unjust taxation demandsIn a landmark ruling that promises to provide relief to charitable trusts across...
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Supreme Court Validates Use of Electronic Credit Ledger for GST Pre-Deposit: Transformative Ruling for GST Litigation
Supreme Court's Landmark Ruling: Pre-Deposit Through Electronic Credit Ledger in GST Appeals1. Introduction to the Landmark JudgmentThe Supreme Court of India has delivered a decisive verdict in the c...
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Analysis of GST Treatment on Scratch Card Incentive Schemes: Gift or Lottery?
Understanding GST Treatment of Scratch Cards: Gift or Lottery?1. Introduction to Promotional Scratch Cards Under GSTThe implementation of GST in 2017, coupled with India's digital transformation, has...
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GST and Online Gaming in India: Navigating the New Tax Landscape
GST Taxation of Online Gaming: Understanding the New Framework 1. Introduction: The Evolving Taxation Landscape The online gaming industry in India has witnessed exponential growth, attracting million...
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Introduction: The Critical Role of the CIT (Appeals) in the Income Tax Appeals Framework
The Income Tax Appellate Tribunal (ITAT), Hyderabad, in its recent decision dated 9 May 2025 in the case of ITO v. Narayana Murthy Ramaswamy ([2025] 74 CCH 0024 Hyd. Trib., ITA No.1113/Hyd./2024), con...
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Introduction to Form ITR-2 for AY 2025-26
The Central Board of Direct Taxes (CBDT), through Notification No. 43/2025 dated May 3, 2025, has rolled out the revised Income Tax Return Form 2 (ITR-2) for the Assessment Year 2025-26. This updated...
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Comprehensive Overview of Compliance for Foreign Remittances: Form 15CA and 15CB
Background and RelevanceIn light of the increasing frequency of international transactions, the Indian Income Tax Department has implemented specific compliance requirements for foreign remittances. C...
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Overview of Section 194IA: TDS on Sale of Immovable Property
Section 194IA, introduced in 2013 under the Income Tax Act, mandates the deduction of tax at source (TDS) when immovable property is transferred, except in the case of agricultural land. The intent be...
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Comparative Analysis of Old and New Income Tax Regimes for FY 2025-26
IntroductionThe Income Tax Act, 1961, has introduced significant changes in the taxation framework, notably making the new tax regime under Section 115BAC the default choice starting from Financial Ye...
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Assessment Year 2025–26: Comprehensive Overview of ITR Form Revisions
Introduction: Evolution of ITR Forms and Legislative AlignmentFiling income tax returns (ITRs) is a legal obligation for all assessees under the Income-tax Act, 1961. The Central Board of Direct Taxes...
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Determining the Nature of Assignment of Leasehold Industrial Property: Supply or Not?
Understanding GST Implications on Assignment of Leasehold Industrial Property1. Introduction to the GST ControversyThe taxation of assignment/sale of leasehold industrial property under the Goods and...