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SUBSIDIARY MAZE
VVIP choppers case: ED attaches fresh assets of absconding businessman Shravan GuptaA charge sheet was filed against the businessman in this case and extradition proceedings against him are underway after he fled the countr...- Plan to transition to an 'energy' company: HPCL chief Pushp Kumar JoshiHPCL is aiming to diversify its business and become an energy company. The state-run company, with a significant market share in India's fu...
- FHRAI says allowed by NCLAT to intervene in OYO unit insolvencyThe tribunal has also allowed the FHRAI to make its oral submissions on June 2, 2021. The total claims registered with Interim Resolution P...
- Biden levy: IT, pharma cos operating from SEZs fear jump in tax outgoAs per the plan, the Biden administration is looking to slap a “minimum tax” on global profit pools of multinationals that pay less than a ...
- PMLA court summons Rana Kapoor, 7 others to appear on June 5 in Yes Bank money laundering caseThe Enforcement Directorate (ED) in the said chargesheet has dwelled on transactions between Yes Bank Ltd, DHFL and companies linked to Kap...
- IL&FS crisis: Forensic report finds money laundering of over Rs 6,500 croreThe IL&FS crisis first came to light in July 2018 when ITNL, the road arm, was facing difficulty in making repayments due on its bonds. At ...
- Chain of subsidiaries may help skirt curbs for etailersAmazon and Flipkart may have to create new vendors that do not fall foul of Press Note 2.
- Google tax may be broadened to cover non-digital MNCsThe govt's move to tax non-MNC's could mean any company that merely sells goods or services in India could see domestic taxes of up to 42% ...
- Cairn created maze of subsidiaries, taxed Rs 10,247 croreScotland-based Cairn Energy till 2006 held Indian assets, including the prolific Rajasthan oil fields, through nine Indian subsidiaries.
- Government opts for transparency, retains subsidiary limitWhile the government had inserted the clause in the wake of the Satyam scam, the corporate sector has been pitching hard to have the condit...
- Flipkart looks to restructure team, plans to make marketplace more effectiveEven after it technically became an online marketplace last year, a bulk of the goods sold were through a former subsidiary, WS Retail.
- FIPB rejects four FDI proposals, defers oneFIPB has rejected as many as four proposals and deferred one in its last meeting because there was no clarity about sources of funds.
- Hughes pips Bharti Airtel, Tatanet in race for satellite broadband dealHughes will deliver broadband connectivity to some 2500 locations in these states under the governnment's National e-Governance Plan.
- 2G scam: Provide all help to CBI, Mauritius court tells its Attorney-GeneralThe Supreme Court of Mauritius directed the island nation's attorney-general to provide all information sought by CBI through two letters r...
- Draft cos bill grants govt power to block multiple-layer setupsThe draft Companies Bill has sought discretionary powers for the government to stop a company from establishing multiple layers of subsidia...
- Multi-layered subsidiaries to stayThe government will not restrict companies from setting up multiple-layer subsidiaries, or subsidiaries of subsidiaries, giving in to India...
- Cos bill may close doors on subsidiary mazeThe new companies bill, which is being reworked by the ministry of corporate affairs, will seek to prevent businesses from using complex co...
- GST may push cos to rejig, shut unitsCompanies with distribution or manufacturing units located across the country may have to close down some subsidiaries to minimise initial ...
- Transparency means trustCompany accounts of all the organisations must have clarity.
- Railways dial in private players to build its own mobile networkYou could describe it as India’s largest closed user group (CUG) with as many as two lakh mobile subscribers, and perhaps one of the larges...
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