Snippets

The regulator prohibited mutual funds from participating in pre-IPO placements due to concerns over illiquidity, valuation uncertainty, and information asymmetry. The post Mutual Funds & Pre-IPO

The equitable remedy known as piercing the corporate veil lacks coherence and consistency. No one knows when or why a request to hold shareholders personally liable for a judgment against their corpor

The databases do not ​contain customer data, addresses, passwords, or ​bank card ⁠details, Inditex ‌said in ​a ​statement late ⁠on Wednesday, adding that it ​immediately applied security ​protocols an

TCS Nashik employees have been asked to work from home amid investigations into religious conversion and sexual harassment allegations. Police are collaborating with multiple agencies, including the N

Holds that failure to appoint a whole-time Company Secretary within the statutory timeline attracts penalty under section 203(5). The key takeaway is that delays, even if due to transition issues, do

The authority penalized the company for conducting only one Board meeting instead of the required four in a year. It held that non-compliance with Section 173(1) attracts penalty under Section 450. Th

The adjudicating authority penalized an individual for possessing dual DINs. The order reinforces strict compliance with DIN-related provisions under company law. The post ₹50,000 Penalty Imposed for

The Court held that input tax credit claimed on invoices from non-existent dealers justified penalty under VAT law. It reaffirmed that the burden of proof lies on the assessee and cannot shift to the

The tribunal permitted substitution of original petitioners with a new shareholder after transfer of shares. The key takeaway is that class action proceedings can continue with a successor shareholder

Explains the requirement of CTE before setup and CTO before operations. Highlights how both approvals ensure compliance and prevent legal consequences. The post CTE & CTO Certificates: Requiremen