Admissibility of electronic evidence bars undervaluation demands where printouts, retracted statements and no cross-examination leave the case unprove...
Limitation in oppression and mismanagement proceedings: prior knowledge of removal and dilution barred the challenge, with valuation directions upheld...
Insolvency professional agency governance rules amended to add nominee directors, tighten independent director eligibility, and regulate managing dire...
Under FEMA, the meaning of "person resident in India" turned on residence for more than 182 days in the preceding financial year read with the purpose of stay. Because the respondents were in India on business visas and were carrying on business, they did not fall within the exclusionary limb of the definition, so they were treated as residents in India. As a result, the regulations governing persons resident outside India did not apply to their purchase of immovable property, and the Tribunal's setting aside of confiscation and penalty was upheld; no perversity in its findings was shown. The connected writ petition was disposed of as infructuous.
Under FEMA, the meaning of "person resident in India" turned on residence for more than 182 days in the preceding financial year read with the purpose of stay. Because the respondents were in India on business visas and were carrying on business, they did not fall within the exclusionary limb of the definition, so they were treated as residents in India. As a result, the regulations governing persons resident outside India did not apply to their purchase of immovable property, and the Tribunal's setting aside of confiscation and penalty was upheld; no perversity in its findings was shown. The connected writ petition was disposed of as infructuous.
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