Specified income tax exemption for pollution control body remains conditional on non-commercial activity, unchanged income character, and return filin...
Jurisdictional facts in certificate-of-origin discrepancies can support customs show-cause proceedings, leaving factual explanations for departmental ...
Market value for captive electricity consumption follows industrial consumer tariffs, supporting profit computation for the power generation deduction...
The RBI amends the Foreign Exchange Management (Cross Border Merger) Regulations, 2018 by substituting "Competent Authority" for "NCLT" in regulations 4, 5, 7 and 9, so merger-related approvals now refer to the authority empowered under the Companies Act, 2013 or subordinate legislation to approve mergers or amalgamations. It also omits clause (vii) in regulation 2 and inserts a new definition of "Competent Authority" in regulation 2. The amendment takes effect from the date of publication in the Official Gazette.
The RBI amends the Foreign Exchange Management (Cross Border Merger) Regulations, 2018 by substituting "Competent Authority" for "NCLT" in regulations 4, 5, 7 and 9, so merger-related approvals now refer to the authority empowered under the Companies Act, 2013 or subordinate legislation to approve mergers or amalgamations. It also omits clause (vii) in regulation 2 and inserts a new definition of "Competent Authority" in regulation 2. The amendment takes effect from the date of publication in the Official Gazette.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4803
Join Channel
TaxTMI 
