Customs valuation must use comparable contemporary imports, while confiscation fines and penalties require proportionate recalculation on reassessed v...
Depositor-protection proceedings prevail over corporate insolvency, while liquidators may recover chit receivables using copies of seized company reco...
Intermediary service classification fails where overseas admission facilitation is supplied independently, preserving export treatment and small-provi...
Satellite transponder bandwidth is telecommunication, not Business Support Service; foreign non-telegraph providers triggered no service tax liability...
Commitment proceedings gain extended timelines, structured defect refiling, and automatic resumption of inquiry after the adjusted completion period e...
SEBI amended the Buy-Back of Securities Regulations, 2018 to tighten open market buy-back conditions and timelines. From 1 August 2026, open market buy-back through stock exchange must be below 15% of paid-up capital and free reserves, assessed on standalone and consolidated financials, and a company may not propose buy-back that breaches minimum public shareholding norms. The amendments also prescribe fresh announcement, opening and closing timelines, require electronic intimation to existing shareholders, freeze promoter and promoter group holdings at ISIN level during the offer period, and make merchant banker appointment discretionary, with specified compliance duties shifting to the company and other named intermediaries.
SEBI amended the Buy-Back of Securities Regulations, 2018 to tighten open market buy-back conditions and timelines. From 1 August 2026, open market buy-back through stock exchange must be below 15% of paid-up capital and free reserves, assessed on standalone and consolidated financials, and a company may not propose buy-back that breaches minimum public shareholding norms. The amendments also prescribe fresh announcement, opening and closing timelines, require electronic intimation to existing shareholders, freeze promoter and promoter group holdings at ISIN level during the offer period, and make merchant banker appointment discretionary, with specified compliance duties shifting to the company and other named intermediaries.
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