Section 45

unexercised ESOPs
Case BriefsTribunals/Commissions/Regulatory Bodies

“The Tribunal held that a vested stock option does not itself constitute a ‘specified security’ under Section 17(2)(vi). The charging provision is triggered only upon exercise of the option and allotment of shares. Until then, the employee holds only a capital asset in the nature of a right to subscribe to shares, and its transfer is chargeable under the head ‘Capital Gains’.

Electronica Trade Mark
Case BriefsSupreme Court

The Trade Mark Registry allowed the Form TM-24 Applications of the Electronica Hitech Machines Tools Private Limited for bringing on record their name as the subsequent proprietor. Electronica India Limited challenged the said purported order.

pre-arrest bail to Amanatullah Khan denied
Case BriefsHigh Courts

“Being a public figure in politics, petitioner is first and foremost in the public service and it is natural that he will always have something or other happening in his constituency. It is for the public figure to find time and appear before the investigating agency, when so required as per the law.”

delhi high court
Case BriefsHigh Courts

The gravity of the allegations against the petitioner are very serious in nature and in view of the peculiar facts, the Court opined that this matter must be visited with a different approach as a deep-rooted conspiracy involving huge loss of public funds has been alleged.

Case BriefsSupreme Court

Supreme Court: The bench of RF Nariman and SK Kaul, JJ declared Section 45(1) of the Prevention of Money Laundering Act, 2002,