Just a moment...

⚠✕
❮ Top
☎ Help
AI Drafter ✕

Generate professional replies to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.

Step 1 – Issue Identification & Review

The AI analyses your query, notice, order, or uploaded documents and identifies the key issues involved.

• Review the issues identified by the AI
• Add, edit, remove, or refine issues as required


Step 2 – Draft Generation

Once you approve the issues, the AI performs issue-wise legal research and prepares a structured draft response.

• Relevant statutory provisions
• Judicial precedents and Supreme Court, High Court and other citations
• Issue-wise legal analysis
• Practical arguments and supporting content
• Professionally structured draft ready for further review.

Try Now →
☰
×

By creating an account you can:

Logo TaxTMI
>
Keyword Search :
AI Tools : New
Ask tax questions in natural language. Powered by AI trained on the TaxTMI legal database. Use AI Tools ➞
Call Us / Help / Feedback✕

Contact Us At :

✉ E-mail: [email protected]

✆ Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
TMI Blog
Home / RSS
PrevPreviousNextNext

CCI approves acquisition of shares in Fullerton India Credit Company Limited by Sumitomo Mitsui Financial Group, Inc.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....CI approves acquisition of shares in Fullerton India Credit Company Limited by Sumitomo Mitsui Financial Group, Inc. <br>News and Press Release<br>Dated:- 24-9-2021<br><BR>The Competition Commission of India (CCI) approves acquisition of shares in Fullerton India Credit Company Limited (FICC/ Target) by Sumitomo Mitsui Financial Group, Inc.(SMFG / Acquirer) under Section 31(1) of the Competition A....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ct, 2002. The proposed combination relates to the acquisition of equity share capital of the Target by the Acquirer. It is in the nature of an acquisition and falls under Section 5(a) of the Competition Act, 2002. Acquirer SMFG is the holding company of Sumitomo Mitsui Banking Corporation (SMBC) and its other group companies. Its primary business is to manage its banking subsidiaries and other ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....companies. Apart from commercial banking, the SMBC group is also engaged in a diverse range of financial services, including leasing finance, project finance, real estate financing, securities and derivatives, maritime finance, consumer finance, credit card, trade finance, cash management, etc. Target FICC is registered as a Non-Banking Financial Company with the Reserve Bank of India. It is pri....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....marily engaged in the provision of loans such as loans for commercial vehicles and two- wheelers, loans against property, loan against securities, personal loans, loans extended to real estate developers, loans extended to businesses, and loans for rural solidarity group. Fullerton India Home Finance Company Limited (FIHFC), a wholly-owned subsidiary of FICC, is registered with the National Housin....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....g Bank as a non-deposit taking Housing Finance Company (HFC). A detailed order of the CCI will follow.<BR> News - Press release - PIB....

PrevPreviousNextNext