Income Tax Dept

Crackdown on 'shell companies': Sebi to take stock in next month's board meeting

Sebi will update its board next month on actions being taken against suspected shell companies

'Shell companies': SAT to hear pleas of 2 more firms tomorrow

The Securities Appellate Tribunal (SAT) will tomorrow hear pleas by Hit Kit Global Solutions and Sanco Industries against trading restrictions imposed on their shares by exchanges on Sebi directions

'Shell company' tag: SAT lifts trading restrictions on Parsvnath Developers, Kavit Industries

Sebi, on 7 August, had asked stock exchanges to restrict trading in shares of 331 "suspected shell companies" including Parsvnath Developers, Kavit Industries

Sebi diktat on 'shell companies': SAT stays trading curbs on J Kumar Infra, Prakash Industries

J Kumar Infra, Prakash Industries can resume normal trading on Friday

Relief for FPIs: Tax dept keeps in abeyance circular on indirect transfer

The Central Board of Direct Taxes (CBDT) on December 21, 2016, came out with a notification giving 19 illustrations with regard to how the indirect transfer regulations would kick in and the tax impact.