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DORMANT COMPANY STATUS UNDER SECTION 455 OF COMPANIES ACT
Corporate Affairs Ministry extends validity of key compliance scheme up to August 31The corporate affairs ministry has extended a special scheme for companies. This scheme offers reduced penalties for late financial stateme...- Demerger may not be tax-neutral if holding company issues shares: Mumbai ITATMumbai ITAT ruled demerger share issuance by holding company invalidates loss carry-forward. A subsidiary receiving business must issue sha...
- Swiggy, Eternal surge up to 7%. Should investors chase the rally?Swiggy and Eternal shares rallied sharply on Thursday as investor sentiment improved on Swiggy's foreign ownership falling below 50% and op...
- ITR filing 2026: NRIs need to file Schedule FA in ITR to declare foreign asset for AY 2026-2027 in this caseResident and ordinarily resident individuals must report foreign assets. This disclosure is required in Schedule FA of the income tax retur...
- NALCO shares in focus on JV with NLC India for 1,080 MW thermal plant in OdishaNational Aluminium Company and NLC India have signed an agreement for a joint venture. This new entity will establish a 1,080 MW captive th...
- Nalco, NLCIL sign JV pact to set up 1,080 MW captive power plant in OdishaNational Aluminium Company and NLC India have signed a joint venture agreement. They will jointly establish a 1,080 MW thermal captive powe...
- Ola Electric confirms vendor lawsuits over dues, quality issues as shares fall 5%In its response, the company acknowledged that Anevolve Mando E-Mobility and Sterling E-Mobility Solutions, vendors supplying key parts to ...
- India rolls out digital e-OCI Cards from July 8: What changes for new applicants and existing cardholdersIndia will issue only digital Overseas Citizen of India cards from July 8, 2026. Existing physical booklets remain valid but are no longer ...
- Opting for presumptive taxation while filing ITR? You may have to face tax audit; here's what you must knowThe Income-tax Act, 2025 introduces a new audit trigger for businesses. This change clarifies audit requirements for low-profit businesses ...
- CBDT clarification: All approvals like Nil or lower TDS certificate and existing tax benefits will continue under Income Tax Act, 2025; Here’s what it means for youExisting tax benefits and approvals will continue under the Income Tax Act, 2025. Pending applications filed before March 31, 2026, will be...
- Swiggy becomes majority Indian-owned as foreign shareholding drops below 50%The shift is significant for the food delivery and quick commerce major. In May, its shareholders had failed to pass a resolution to classi...
- Swiggy shares jump 7% as foreign ownership falls below 50%. What this means quick commerce giant?Swiggy shares rallied sharply on Tuesday after foreign ownership fell below 50%, taking the company closer to qualifying as an Indian-owned...
- 'Bhang is not ganja': Man arrested with 11 kg of 'suspected drug' walks free after Jharkhand HC says NDPS Act does not ban bhangBhang not ganja: The Jharkhand High Court has acquitted a man convicted under the NDPS Act for allegedly carrying 11 kg of ganja, after a F...
- Son dies in accident while driving father's car; Delhi High Court says insurance can't be claimed. Here's whyThe Delhi High Court ruled that families of drivers dying in borrowed vehicles cannot claim personal accident cover from the owner's insure...
- ITR filing for NRIs: From miscounted days in India to missed NRO interest, these mistakes can trigger tax noticesMiscounted days in India, missed NRO interest and TDS mismatches can invite notices from a data-savvy tax department.
- Rapido founders booked on RTO complaint for operating bike taxi service without government nodRapido app founders have been booked in Nagpur for allegedly running unauthorised petrol-powered bike taxi services across Maharashtra. The...
- CBSE plans to ease norms for private school affiliationThe CBSE is set to ease rules for private schools, allowing 'bodies corporate' like companies to establish institutions, moving away from t...
- NCLAT revives IL&FS plea in Rs 1,080 crore circuitous transactions, sets aside NCLT orderThe National Company Law Appellate Tribunal (NCLAT) has revived IL&FS's plea concerning Rs 1,080 crore in alleged circuitous lending transa...
- NSE is a public authority under RTI Act, rules Delhi High CourtThe Delhi High Court has declared the National Stock Exchange (NSE) a "public authority" under the RTI Act. This landmark ruling subjects I...
- Working abroad? You may pay zero tax on selling Indian shares if you meet this conditionIndians working abroad can now potentially avoid paying tax on selling Indian shares. The key is to have purchased these shares using conve...
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