MCA notifies Special Courts in Maharashtra, West Bengal & Tamil Nadu for trial of offences for cases filed by SEBI
MINISTRY OF CORPORATE AFFAIRS
NOTIFICATION
New Delhi, the 27th November, 2020
S.O. 4283(E).—In exercise of the powers conferred by sub-section (1) of section 435 of the Companies Act, 2013 (18 of 2013), the Central Government hereby designates the following Courts mentioned in the Table below as Special Courts in the States of Maharashtra, West Bengal and Tamil Nadu for the purposes of trial of offences under this Act, in respect of cases filed by the Securities and Exchange Board of India, namely:—
TABLE
| Sl. No. | Court |
| (1) | (2) |
| 1 | Court number 22, City Civil and Sessions Court, Mumbai |
| 2 | Court number 39, City Civil and Sessions Court, Greater Mumbai |
| 3 | 5th Special Court, Calcutta |
| 4 | Principal Judge, City Civil Court, Chennai |
[F. No. 01/12/2009-CL-I (Vol.IV)]
K.V. R. MURTY, Jt. Secy.
- Expenses of ESOP are allowable as revenue expenditure u/s 37(1) of Income Tax Act.
- Compliance history of supplier can’t be used to invalidate genuine business transactions of buyer
- Reassessment quashed as AO issued notice u/s 148 instead of 153C as reopening was based on search
- Empanelment of CA/CMA /Legal firm for FEMA & other allied services at EPIL
- Individual contract for booking persons for participation in event not event management liable to service tax
