Tech industry bats for deeptech fund, tweaks in safe harbour rules’ threshold, ET LegalWorld
India’s apex IT industry body Nasscom has batted for tweaks in safe harbour rules and widening the scope for utilisation of SEZ reinvestment reserves in its Budget wishlist, while advocating for creation of a central deeptech fund to bolster startup ecosystem in India. Creation of a grant framework for the deeptech ecosystem, and making the […]
Sebi plans hiking threshold to Rs 50,000 cr for making granular disclosures, ET LegalWorld
Sebi on Friday proposed doubling the threshold amount to Rs 50,000 crore for foreign portfolio investors to make granular disclosures about their investors holding any ownership or economic interest. At present, certain foreign portfolio investors (FPIs) with equity assets under management (AUM) exceeding Rs 25,000 crore are required to provide granular details of all their […]
I-T department hikes threshold for filing appeals in courts, tribunal by tax officers, ET LegalWorld
The income tax department has hiked the minimum threshold for filing appeals by the department in tribunal, high courts and the Supreme Court. As per a circular by the CBDT, tax authorities can file appeals before the ITAT, high courts and Supreme Court, if the disputed tax demand exceeds Rs 60 lakh, Rs 2 crore […]
Election petition can’t be rejected at threshold where there is substantial compliance of law: SC, ET LegalWorld
Election petition should not be rejected at the very threshold where there is a “substantial compliance” of law, the Supreme Court on Friday said as it dismissed a plea of Manipur MLA challenging the decision of the high court which refused to dismiss a plea against her election. A bench of Justices Sudhanshu Dhulia and […]
Deal value threshold and safe harbour provisions provides ease in M&A activity, say legal experts, ET LegalWorld
The Ministry of Corporate Affairs has notified Competition (Minimum Value of Assets or Turnover) Rules, 2024 which has come into force with effect from the September 10, 2024. The Ministry of Corporate Affairs has notified Competition (Minimum Value of Assets or Turnover) Rules, 2024 which has come into force with effect from the September 10, […]
Govt notifies deal threshold value under competition law, ET LegalWorld
The government on Monday notified the provisions related to the deal value threshold under the competition law, wherein companies will be compulsorily required to seek the Competition Commission’s approval for mergers and acquisitions beyond certain thresholds. Besides, the clearance of the Competition Commission of India (CCI) will be needed if the target company has substantial […]