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BENAMI COMPANIES TAKEOVER
Karnataka: Kumaraswamy alleges DK-linked benami bid to take over NICE, vows to release documentsUnion Minister HD Kumaraswamy accused Chief Minister DK Shivakumar of a benami takeover attempt. He alleged the Chief Minister is acquiring...- More than 1400 Amrapali homebuyers will have their flats cancelled if they don’t do this within 30 days; Check full list hereAmrapali homebuyers: According to an advertisement in the Times of India dated April 22, 2024, “In furtherance to repeated notice issued re...
- After Benami ruling, all eyes on 'retrospectivity' of Black Money LawWhile the I-T Act can be used to claim tax on 10-year old undisclosed income, the Black Money (BM) Act empowers the tax department to go af...
- Suits & Sayings: Why RBI clipped HDFC’s digital wings; top boss postpones vaccine shot; this India Inc CEO may join Team B(iden)The expat CEO of a life insurance company may hang up his boots by the end of the month.
- Suits & Sayings: Curse of Dubai; broke investor on a bidding spree; WFH makes business rivalry trickyA Mumbai's wealthy family plans a Disney film-set nursery for the arrival on a new member year-end.
- How new law changes the definition of benami assetsA person booking a property in the name of her father can find herself on the wrong side of the law if tax officials are convinced that fat...
- New exit policy where defaulting industrialists go, workers stay is welcomeFor the first time, India has an exit policy for business owners which, if succeeds, may go down as Narendra Modi’s finest achievement.
- Take a look at the land rules if you own a farmland in KarnatakaThe two institutions in deed bought the plots they were in possession of but they paid a huge price for not reading the Karnataka Land Refo...
- Hutch FDI gets govt nodFIPB has cleared the deal provided it complies with Press Note 3 of 2003 and certain conditions.
- FIPB to vet Vodafone deal todayVodafone acquired control of HEL in February this year, but needs FIPB clearance to implement the deal.
- CPI MP questions Ghosh, Singh stake's valuationThe 12.26% held by the two minority shareholders should be valued at $2.7 billion, the MP said.
- Vodafone-Hutch deal out of DoT purviewFIPB was the competent authority to look into the minority shareholding and not the Dept of Comm.
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