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September 12, 2025
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Hybrid resolution mechanism to complete stalled real estate projects, balancing homebuyer delivery with creditors' recovery rights.
A hybrid resolution mechanism supervised by a senior judicial figure is proposed to complete the Supernova project, combining insolvency resolution with direct project supervision to deliver units to homebuyers while preserving creditors' recovery rights. The framework calls for a fit-and-proper standard for developers and project managers, displacement of promoter control with possible technical-cooperation, exclusion of key management from the resolution, appointment of a new board and Project Management Consultant, replacement of the Interim Resolution Professional if needed, and a forensic audit of group accounts.
September 12, 2025
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Minimum public shareholding rules eased for very large companies, permitting longer phased timelines and reduced initial IPO floats.
Sebi revised IPO obligations for very large companies by reducing initial mandatory public offer percentages for higher market capitalisation bands and extending phased timelines to achieve the minimum public shareholding requirement, lessening immediate dilution while maintaining gradual compliance. It also reformed the anchor investor framework for maiden offerings by increasing permissible anchor allottees for large issues, merging allocation categories to better fit IPO scale, and increasing the anchor reservation with designated sub reservations for mutual funds and for life insurers and pension funds, with reallocation rules if insurer/pension quotas remain unsubscribed.
September 12, 2025
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IPO regulation reform relaxes listing requirements for very large companies and simplifies foreign investor access via single window.
Regulator relaxes IPO eligibility for very large companies and extends timelines for meeting minimum public shareholding; revamps anchor investor allocation in maiden public offerings; introduces single window access for low risk foreign investors to simplify participation; and mandates appointment of two executive directors at market infrastructure institutions to bolster operational oversight.
September 12, 2025
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Recognition of educators: Kiteskraft honours multiple trailblazers advancing education, skills development, inclusion, and community impact.
Kiteskraft Productions LLP issued a corporate press release recognising multiple educators and social innovators for contributions to education, skills development, community engagement, and cultural leadership. Individual profiles emphasise vocational training, inclusive pedagogy, institution building, digital innovation, and cybersecurity awareness. The announcement presents the organiser's certifications and event credentials, frames the initiative as a promotional recognition programme, and includes a third-party distribution disclaimer noting the press-service relationship. The content is informational and celebratory, not stating regulatory determinations or legal obligations.
September 12, 2025
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Campus drug presence confirmed by autopsy, triggering criminal investigation and calls for heightened law enforcement accountability.
Presence of controlled substances in a student's system was confirmed by a post-mortem toxicology report, prompting a criminal investigation and increased policing around educational campuses. Police cited the autopsy as the operative forensic evidence and announced heightened vigilance to identify sources and distributors of banned substances. Political representatives have urged law enforcement accountability and targeted action against alleged peddlers, framing the matter as requiring investigative follow-up, potential prosecution of suppliers, and preventive measures for campus safety.
September 11, 2025
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Fast track merger eligibility expanded to include additional unlisted and intra group company consolidations under eased procedural rules.
The CAA Rules amendment expands the fast track merger route to permit mergers/demergers among: two or more unlisted companies (excluding section 8 companies) meeting prescribed thresholds for outstanding loans, debentures or deposits; holding company and its subsidiary companies except where the transferor is a listed company; and two or more subsidiaries of the same holding company, likewise excluding cases with a listed transferor.
September 11, 2025
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Aadhaar inclusion in voter revision secures marginalized voters' access and highlights concerns about SIR transparency and data sharing.
Supreme Court direction to accept Aadhaar in the Special Intensive Revision (SIR) is presented as restoring an accessible identity document for marginalised, illiterate, and landless voters at risk of exclusion; the article criticises the Election Commission for limited stakeholder consultation, refusal to publish a SIR dashboard or provide machine-readable voter data, and for procedural opacity that impedes party verification and correction during the revision exercise.
September 10, 2025
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Identity document forgery undermines official records and court processes; arrests trigger criminal probe and forensic seizures.
Allegations concern a criminal scheme of identity document forgery in which suspects used computer software to alter Aadhaar numbers, names, phone numbers, addresses and photographs, produced multiple forged identities circulated via messaging platforms, and presented forged Aadhaar cards as genuine records to government departments and in judicial proceedings. Law enforcement detained a suspect, seized mobile phones, conducted forensic examination uncovering multiple forged cards, and registered an FIR while investigating additional participants and the scheme's impact on records and cases.
September 10, 2025
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Aadhaar as identity proof: directive requires electoral authorities to accept Aadhaar for voter identity, not citizenship.
Aadhaar shall be treated as an additional electoral identity document and accepted as the twelfth enumerated proof for establishing a person's identity, to be used strictly as proof of identity and not as proof of citizenship, and instances of non compliance or refusal to accept Aadhaar will be treated with seriousness.
September 9, 2025
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Special Intensive Revision: call to include EPIC alongside Aadhaar to ensure accurate electoral rolls and protect voter identity.
Opposition to the compressed timeframe for a Special Intensive Revision (SIR) of electoral rolls and a proposal to include the Electoral Photo Identity Card (EPIC) alongside Aadhaar as formal identity proofs for the SIR, contending a two-to-three month window is inadequate and EPIC should be incorporated so persons without Aadhaar are not excluded; notes an SIR was conducted to remove ineligible names and that a higher court directed Aadhaar be accepted as identity proof in that exercise.
September 8, 2025
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Aadhaar inclusion in voter identity list expands acceptable documents, subject to verification and not establishing citizenship.
Direction to accept Aadhaar as an additional prescribed document for identity in the Special Intensive Revision requires the Election Commission to include Aadhaar among documents submitted with enumeration forms, while clarifying that Aadhaar is not proof of citizenship and that the Commission may verify the genuineness of any Aadhaar number before including an elector in the electoral roll.
September 8, 2025
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Aadhaar as identity proof: included for voter registration in special revision, subject to genuineness verification.
The court directed the Election Commission to include Aadhaar as an additional prescribed identity document for inclusion of electors in the Special Intensive Revision of the Bihar electoral roll, while clarifying that Aadhaar is only a proof of identity and not a proof of citizenship. Authorities are empowered to verify the validity and genuineness of Aadhaar numbers submitted, to exclude persons relying on forged or invalid documents, and to explain prior showcause notices issued to officials who accepted Aadhaar.
September 8, 2025
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Aadhaar as identity proof accepted for voter registration after court directive; commission must verify genuineness.
The Supreme Court directed the Election Commission to accept Aadhaar as a proof of identity for voter inclusion during the special intensive revision in Bihar, while clarifying that Aadhaar is not proof of citizenship; the Commission may verify the genuineness of Aadhaar numbers and must issue directions to enable acceptance, ensuring only genuine citizens are enrolled and those using forged documents are excluded.
September 8, 2025
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Mutual fund accessibility expanded as low entry SIPs via ONDC enable multi AMC investing and digital onboarding.
Enrich Money has launched Rs. 10 SIPs on the ORCA app via ONDC integration, enabling small ticket SIPs across multiple AMCs rather than a single platform's funds. The product offers 100% digital onboarding with Aadhaar and PAN, a simple UPI mandate, and flexible SIP management (pause, skip, change). ORCA currently integrates 16 AMCs across various mutual fund categories, functions as a multi asset platform, and operates as a SEBI registered broker emphasising compliance, transparency, and investor education.
September 8, 2025
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Aadhaar as proof of identity allowed for voter verification in special electoral roll revision, subject to genuineness checks.
The Supreme Court directed the Election Commission to accept Aadhaar as an additional prescribed document for identity in Bihar's Special Intensive Revision of the electoral roll, clarifying Aadhaar is not proof of citizenship but may serve as proof of identity. The Commission is authorised to verify the genuineness of submitted Aadhaar numbers and must issue directions to accept Aadhaar; the Court also sought the Commission's explanation for showcause notices issued to officials who refused Aadhaar.
September 8, 2025
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Aadhaar as identity: Election body directed to accept Aadhaar for voter verification while not treating it as citizenship proof.
The Supreme Court directed the Election Commission to accept Aadhaar as a twelfth prescribed document for establishing a voter's identity in the Bihar SIR, clarified that Aadhaar is not proof of citizenship, allowed the Commission to verify the genuineness of Aadhaar numbers submitted, sought explanation for showcause notices issued to officials who refused Aadhaar, and required directions and paralegal assistance to ensure proper filing of claims and objections under the SIR timetable.
September 8, 2025
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Simplified documentation for low-value investor claims proposed to speed refunds and improve transparency in securities and dividend claims.
IEPFA's Committee recommended adopting simplified documentation and reduced procedural burdens for low-value investor claims-delimited by specified thresholds for physical securities, demat securities, and dividend claims-to shorten processing timelines, enhance transparency, and provide easier, faster refund and transfer services; the multi-stakeholder Committee has submitted its report to IEPFA for consideration.
September 5, 2025
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Insolvency resolution challenge process secures competitive bids, leading to a preferred resolution plan accepted over a rival bidder.
The Corporate Insolvency Resolution Process for Jaiprakash Associates proceeded with creditor claims aggregated and a challenge process run by the Committee of Creditors to solicit competing firm bids; multiple parties participated, two submitted firm offers, and the CoC evaluated those resolution proposals in light of creditor recovery objectives and the debtor's asset and operational profile.
September 5, 2025
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Insolvency resolution sale under IBC: Vedanta outbids a rival to acquire Jaiprakash Associates under lenders' challenge process.
Lenders conducted a challenge process under the IBC to sell debt ridden Jaiprakash Associates following loan defaults; multiple bidders participated but only two submitted firm offers in the final stage, and Vedanta's successful proposal-reported as a headline bid and evaluated on a stated net present value-was selected by lenders as the winning resolution plan.
September 5, 2025
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Fraud classification of loan account triggers criminal referral and a five-year ban on obtaining fresh bank finance.
Bank of Baroda classified the loan account of the insolvent corporate debtor and its former director as fraud based on forensic-audit findings, noting the account had been NPA since June 5, 2017, that no active resolution plan is approved by the adjudicating authority under the insolvency framework, and that the classification triggers referral to enforcement agencies and a statutory bar on access to fresh bank finance.

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