MCA enhances existing threshold value of assets and turnover for purpose of combination filing
Value of assets and turnover increased by 150% based on the wholesale price index.
Assets
Executor appointed in probate proceedings cannot be removed unless gross misconduct or mismanagement, abuse or misuse of probate is demonstrated: Delhi High Court
The Delhi High Court held that naming of an administrator pendente lite would not come up unless and until the Executor was initially removed by the appropriate Court as per Section 301 of Succession Act, 1925. Further, it was held that an executor appointed in probate proceedings would not be readily removed unless gross misconduct, gross mismanagement, abuse, or misuse of probate was demonstrated.
Due to burglary, customers lost their valuable articles from bank lockers. Will Bank be liable for deficiency in service? NCDRC answers
National Consumer Disputes Redressal Commission (NCDRC): The Coram of Justice R.K. Agarwal (President) and Dr S.M. Kantikar (Member) expressed that, customer avails
When parents are alive, can a son claim his share in property of his parents? Bom HC answers
Bombay High Court: The Division Bench of G.S. Patel and Madhav J. Jamdar, JJ., held that Asif i.e. son has no rights
Whose Assets are they Anyway?
by Pramod Rao†
Cite as: 2022 SCC OnLine Blog Exp 15
Government withdraws enhanced surcharge on tax payable on transfer of certain assets
In order to encourage investment in the capital market, it has been decided to withdraw the enhanced surcharge levied by Finance (No.
SEBI | Fortis Case: Order against Religare Finvest partly modified, allowing Religare to sell assets to ARCs, restructure debt and raise capital
Securities and Exchange Board of India: G. Mahalingam (Whole Time Member) partly modified its order against Religare Finvest Limited (RFL) in the
Bom HC | Decree passed against a company can’t be executed against an individual; proprietor’s application for discharge allowed
Bombay High Court at Goa: C.V. Bhadang, J., discharged the petitioner (proprietor of the defendant Company) of the notice served upon him
Conduct of Elections (Amendment) Rules, 2019 notified by Central Government | Changes in “Form 26” introduced
S.O. 1023(E)—In the exercise of the powers conferred by Section 169 read with Section 33 of the Representation of People Act, 1951
Pat HC | Acceptance of affidavit of assets and liabilities – raises presumption of validity of elected candidate’s nomination
Patna High Court: The Division Bench of Amreshwar Pratap Sahi, CJ and Anjana Mishra, J. dismissed an appeal challenging election of a
Disqualification of a parliamentarian must be based on dishonest concealment of wrongfully acquired assets
Supreme Court of Pakistan: A Three-Judge bench comprising of Umar Ata Bandial, Faisal Arab and Sajjad Ali Shah, JJ. while hearing an
Foreign company gains deriving less than 50% of its value form Indian assets, not taxable
Delhi High Court: Answering the question, whether the transaction of sale and purchase of shares of an overseas company deriving only a