Director Other Than MD Isn’t Vicariously Criminally Liable u/s 50 of NHB Act Unless Responsible for Co.’s Operation

Case Details: National Housing Bank … Continue reading “Director Other Than MD Isn’t Vicariously Criminally Liable u/s 50 of NHB Act Unless Responsible for Co.’s Operation”

Appellant’s Plea to Cross-Examine Witnesses in Forex Manipulation Case Denied as Statements Were Backed by Evidence

Case Details: Suresh Saluja @ … Continue reading “Appellant’s Plea to Cross-Examine Witnesses in Forex Manipulation Case Denied as Statements Were Backed by Evidence”

SEBI Exempts University Funds and University-Related Endowments From Making Additional Disclosures by FPIs

Circular No. SEBI/HO/AFD/AFD-POD-2/P/CIR/2024/104; Dated: 01.08.2024 … Continue reading “SEBI Exempts University Funds and University-Related Endowments From Making Additional Disclosures by FPIs”

SEBI Amends MF Regulations | Directs AMCs to Put in Place a Mechanism for Identification and Deterrence of Market Abuse

Notification No. SEBI/LAD-NRO/GN/2024/197; Dated: 01.08.2024 … Continue reading “SEBI Amends MF Regulations | Directs AMCs to Put in Place a Mechanism for Identification and Deterrence of Market Abuse”

CBDT Specifies Situations Where Enquiries/Verification Tasks by Verification Unit Not to Be Communicated Electronically

F. No. 1871712024-ITA-I, dated 01-08-2024 … Continue reading “CBDT Specifies Situations Where Enquiries/Verification Tasks by Verification Unit Not to Be Communicated Electronically”

AO to Record Specific Finding That Undisclosed Income Was Based on Tangible Material Before Levying Penalty u/s 271AAA

Case Details: Ajay Kumar Sood … Continue reading “AO to Record Specific Finding That Undisclosed Income Was Based on Tangible Material Before Levying Penalty u/s 271AAA”