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The Maharashtra Police has booked Indiabulls group companies, including its flagship Indiabulls Housing Finance (IBHL), for allegedly siphoning off funds and for accounting irregularities committed by the promoters and directors of the company between 2014 and 2020. A first information report was registered by the Palghar police on April 13 under various sections of Indian Penal Code dealing with cheating, fraud and criminal conspiracy. The move comes after Palghar’s judicial magistrate passed an order under Section 156 (3) of the Code of Criminal Procedure (power to direct police/agency to...

Updated Apr 19, 2021 | 07:22 IST As dividend income is now taxable in the hands of investors tax, deduction at source (TDS) is applicable on dividend payout u/s 194 of the Income Tax Act. TDS deduction on dividend income  New Delhi: Dividend received from an Indian company or equity mutual funds was exempt from income tax until March 31 2020 as the company declaring such dividend was paying  paid dividend distribution tax (DDT) before making payment. However, with effect from April 1, 2020, dividend income in the hands of the receiver/investor is taxable and compa...

Bourse says system ‘slowed down’, but business was ‘normal’

Sunday, March 7, 2021 On February 26, 2020, the Security and Exchange Commission’s (“SEC”) Division of Examinations (the “Division”) published a Risk Alert, “The Division of Examinations’ Continued Focus on Digital Asset Securities.” In the Risk Alert, the Division offered insight into its current examination focus with respect to the activities of market participants, including investment advisers, concerning digital assets that are securities (“Digital Asset Securities”) and distributed ledger technologies. The Alert outlines the observations of the Division...

  Subject: Notice of the Meeting of the Equity Shareholders of Tata Steel Limited convened pursuant to the directions of the Hon'ble National Company Law Tribunal, Mumbai Bench ('NCLT') in the matter of Composite Scheme of Amalgamation of Bamnipal Steel Limited and Tata Steel BSL Limited (formerly known as Bhushan Steel Limited) into and with Tata Steel Limited ('Company')     This refers to our letter dated February 17, 2021 informing that in accordance with the orders of the NCLT dated February 20, 2020 passed in the Company Sche...