Minimum alternate tax exclusions for pre-amendment banking companies and expatriate Indian branch salaries remain outside head office expenditure limi...
Bona fide disclosure requirements govern under-reporting penalties, and post-penalty immunity applications cannot secure available statutory protectio...
Certificate-of-origin verification procedure governs preferential customs benefits; denial without retroactive verification was set aside with consequ...
Disciplinary Committee jurisdiction and mandatory investigation requirements invalidated cancellation of an insolvency professional's registration and...
In a dispute involving corporate governance and alleged oppressive conduct, the Tri examined multiple allegations against the Respondent No. 1 Company. After comprehensive review of claims including unauthorized share buy-back, remuneration discrepancies, and potential fraudulent transactions, the Tri found no substantive evidence of oppressive practices. The tribunal determined that the Petitioner failed to establish grounds under Section 213 of the Companies Act, 2013. Key findings included: legitimate employment perquisites, timely insurance policy credits, and no proven benami property transactions. The board's dividend discretion was affirmed, and procedural challenges were deemed time-barred. Consequently, the Tri dismissed the petition, ruling no oppressive conduct was demonstrated.
In a dispute involving corporate governance and alleged oppressive conduct, the Tri examined multiple allegations against the Respondent No. 1 Company. After comprehensive review of claims including unauthorized share buy-back, remuneration discrepancies, and potential fraudulent transactions, the Tri found no substantive evidence of oppressive practices. The tribunal determined that the Petitioner failed to establish grounds under Section 213 of the Companies Act, 2013. Key findings included: legitimate employment perquisites, timely insurance policy credits, and no proven benami property transactions. The board's dividend discretion was affirmed, and procedural challenges were deemed time-barred. Consequently, the Tri dismissed the petition, ruling no oppressive conduct was demonstrated.
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