Natural justice in insolvency-professional discipline requires disclosed material; notices based on extraneous material and ignored defences are vitia...
Development rights transfers treated as immovable property, while construction abatement applies and repeated non-payment permits extended service-tax...
Income Disclosure Scheme immunity and search-material requirements barred further share-transaction additions in unabated assessments under section 15...
HC ruled on securities payout circular requiring direct transfer to client demat accounts. Trading members not engaged as depository participants do not require DP license. For index derivatives with cash margins, clients need not maintain demat accounts, provided they deal exclusively in index derivatives without physical delivery requirements. Broker must ensure compliance. For all other trades, original circular mandating demat accounts remains applicable. Court disposed petition after petitioner acknowledged clarifications addressed their concerns. Ruling maintains regulatory framework while providing specific exemption for index derivative transactions with cash-only margins.
HC ruled on securities payout circular requiring direct transfer to client demat accounts. Trading members not engaged as depository participants do not require DP license. For index derivatives with cash margins, clients need not maintain demat accounts, provided they deal exclusively in index derivatives without physical delivery requirements. Broker must ensure compliance. For all other trades, original circular mandating demat accounts remains applicable. Court disposed petition after petitioner acknowledged clarifications addressed their concerns. Ruling maintains regulatory framework while providing specific exemption for index derivative transactions with cash-only margins.
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