Rectification of mistake remains limited to self-evident record errors, preventing merits review through miscellaneous applications and preserving fin...
Tender creditworthiness conditions may extend to de facto Promoter Directors, with post-participation challenges generally barred absent arbitrariness...
Corporate representation in PMLA summons proceedings permitted through an authorised signatory, subject to directors' continuing cooperation and atten...
Helicopter charter classification requires effective control analysis, while territorial performance, reasoned credit orders and wilful suppression de...
Specified fund definition expands PAN exemption eligibility for registered alternative investment funds and qualifying International Financial Service...
Tax exemption for specified legal-services authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and...
Transfer of 7000 equity shares - prohibitory order u/s 45MB (2) of RBI Act - Admitted possession of 4000 shares certificates and transfer deeds by Anoop Jain - Issue of consideration for 4000 shares - Anoop Jain relied on Delhi stock exchange register for payment of consideration - Appellants objected discrepancy in timeline of sale by appellant No. 1 and purchase by respondents, lack of proof of consideration payment - Matter remanded to Company Court to inquire when 4000 shares sold to Anoop Jain, 1500, 900 and 600 shares sold to Murari Saraf, Banwari Lal Saraf and Bihari Lal Saraf respectively by appellant No. 1, and whether consideration paid - If established appellant No. 1 divested rights before 09.04.1997 and respondents paid consideration, impugned order to follow - Appeal disposed by way of remand.
Transfer of 7000 equity shares - prohibitory order u/s 45MB (2) of RBI Act - Admitted possession of 4000 shares certificates and transfer deeds by Anoop Jain - Issue of consideration for 4000 shares - Anoop Jain relied on Delhi stock exchange register for payment of consideration - Appellants objected discrepancy in timeline of sale by appellant No. 1 and purchase by respondents, lack of proof of consideration payment - Matter remanded to Company Court to inquire when 4000 shares sold to Anoop Jain, 1500, 900 and 600 shares sold to Murari Saraf, Banwari Lal Saraf and Bihari Lal Saraf respectively by appellant No. 1, and whether consideration paid - If established appellant No. 1 divested rights before 09.04.1997 and respondents paid consideration, impugned order to follow - Appeal disposed by way of remand.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4805
Join Channel
TaxTMI 
