Attachment and proclamation of sale of immovable property: limitation treated from financial year end; proclamation held within period, petition dismi...
Second Schedule attachment and validity of a post-notice mortgage: TRO cannot declare mortgage void ab initio; sale and appropriation allowed thereaft...
Limitation for final assessment under sections 144C and 153 treated jointly, resulting in quashing of timebarred assessment order and liberty to reviv...
Deductibility of settlement payments for securities law penalties and treatment of unexplained cash credits in share trading -- Tribunal upholds posit...
Threshold for allottee-initiated insolvency petitions in leasehold real estate upheld; petition admitted after possession letters deemed legally ineff...
Contravention of foreign exchange rules in crossborder diamond payments; appellate tribunal reduces one appellant's penalty for delay and proportional...
Clause 1.3 of Chapter V of the NCS Master Circular is modified to expand eligibility for issuing debt securities or non-convertible redeemable preference shares on a private placement basis at a reduced face value of Rs. 10,000, by permitting zero coupon debt securities (with fixed maturity and without structured obligations) in addition to interest/dividend-bearing securities paying coupon/dividend at regular intervals (also with fixed maturity and without structured obligations). As a consequence, issuers may issue eligible privately placed debt securities at the reduced denomination whether the instrument is interest-bearing or zero coupon, and the modification applies to all such issues proposed to be listed from the date of this SEBI circular.
Clause 1.3 of Chapter V of the NCS Master Circular is modified to expand eligibility for issuing debt securities or non-convertible redeemable preference shares on a private placement basis at a reduced face value of Rs. 10,000, by permitting zero coupon debt securities (with fixed maturity and without structured obligations) in addition to interest/dividend-bearing securities paying coupon/dividend at regular intervals (also with fixed maturity and without structured obligations). As a consequence, issuers may issue eligible privately placed debt securities at the reduced denomination whether the instrument is interest-bearing or zero coupon, and the modification applies to all such issues proposed to be listed from the date of this SEBI circular.
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