Sebi mulls allowing Associations of Persons to open demat accountsMarkets regulator Sebi on Wednesday proposed allowing Associations of Persons (AOPs) to open demat accounts in their name to hold certain s...
Budget 2022: Surcharge cap on consortiums to help realty, infra joint development pacts“In the globalised business world, there are several works contracts whose terms and conditions mandatorily require formation of a consorti...
India's newest airline Akasa may take off before Jet 2.0Akasa, registered as SNV Aviation, received its initial regulatory approval, the no-objection certificate on October 11 and has applied for...
Why new tax surcharge has stunned foreign portfolio investorsThe business entities known as Association of Persons have been stunned by new surcharge.
If surcharge not meant for FPIs, a clarification should be given: Dinesh KanabarNobody thought through that investment coming into India is partly in company form and partly from trusts .
Govt to soon issue clarification on applicability of surcharge on FPIsExperts said some FPIs follow trust structure and hence would be classified as AOPs
ICICI Pru Bharat 22 ETF AOP opens on February 14This AOP is a part of the Government of India's overall disinvestment program announced earlier by the DIPAM, Ministry of Finance, using th...
Air operator permit policy to be amended for new FDI normsAOP or flying licence is granted to a company only if its chairman and two-third Directors are Indian citizens and its substantial ownershi...
Air operator permit policy to be amended for new FDI normsUnder the current norms, AOP is granted to a company only if its chairman and two-third Directors are Indian citizens and its substantial o...
Contractors in consortium not to be taxed as AOP: CBDTIt pertains to taxation of consortium formed by contractors to implement large infrastructure projects, particularly in EPC contracts and T...
Tata-SIA's flying permit exercise progressing well: OfficialThe DGCA is in the process of examining its application for grant of Air Operator's Permit to launch a full-service carrier
More new airlines like Ligare Aviation, Quickjet Cargo Airlines and others likely to fly in Indian sky in coming monthsThe approval for an AOP, when granted, would be subject to the orders of the Delhi High Court in a case challenging FDI in new Indian carri...
DGCA overrules all objections for grant of Air Operator Permit to Tata-SIAAfter receiving the application, the DGCA had in May issued a public notice seeking objections, if any, to grant flying permit to Tata-SIA.
DGCA fixes fee structure for servicesApart from AOP, the aviation regulator provides various other services to airlines, airports, other related bodies, apart from individual p...
- Non-residents' consortium to be taxed in India as AOP: AAR
A consortium formed by non-residents to bid for a turnkey project in India is liable to be taxed in India as Association of Persons, accord...
- CAG favours MAT on construction firms
The government is set to cast its net wider on the construction sector after the statutory auditor pointed out flaws in the current regime.
- 'Non-profit sharing consortium members are separate cos'
A tax authority has ruled that consortium members, which do not share profits or losses as a group and execute tasks requiring skills diffe...