Charitable registration turns on predominant purpose and genuine activities, while incidental fees and related-party rent require supporting adverse m...
MAT book-profit adjustments exclude disallowances for exempt-income expenditure and demerger expenditure unless expressly listed under the statutory c...
Omitted specified domestic transaction provision invalidates related-party expenditure transfer-pricing references and assessments based on consequent...
HC granted a 90-day extension to the Company for listing shares on the nationwide stock exchange, overriding SEBI's earlier orders. The ruling emphasized courts should adopt a liberal approach in time extension matters rather than a pedantic stance. The decision considered that no shareholders had raised grievances, and the Company provided reasonable explanations for previous delays, which SEBI and NSE had accepted until 30.09.2023. The extension was granted under Article 226, with the condition that failure to comply within the stipulated timeframe would result in reinstatement of SEBI's original orders. The judgment prioritized shareholder protection while balancing regulatory compliance requirements.
HC granted a 90-day extension to the Company for listing shares on the nationwide stock exchange, overriding SEBI's earlier orders. The ruling emphasized courts should adopt a liberal approach in time extension matters rather than a pedantic stance. The decision considered that no shareholders had raised grievances, and the Company provided reasonable explanations for previous delays, which SEBI and NSE had accepted until 30.09.2023. The extension was granted under Article 226, with the condition that failure to comply within the stipulated timeframe would result in reinstatement of SEBI's original orders. The judgment prioritized shareholder protection while balancing regulatory compliance requirements.
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