SEBI Discussion Paper on “Brightline Tests for Acquisition of ‘Control’ under SEBI Takeover Regulations

Discussion Paper on “Brightline Tests for Acquisition of ‘Control’ under SEBI Takeover Regulations” Objective 1. This discussion paper seeks comments of the public for certain proposals related to Brightline Tests for Acquisition of ‘Control’ under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (hereinafter referred to …

Acceptance of deposits by Indian companies from a person resident outside India for nomination as Director 160 of the Companies Act, 2013

RBI/2015-16/371 A.P. (DIR Series) Circular No.59 April 13, 2016 To All Authorised Dealer Banks Madam / Sir, Acceptance of deposits by Indian companies from a person resident outside India for nomination as Director Attention of Authorised Dealers Banks is invited to Regulation 3 of the Foreign Exchange Management …

Clarification-Levy of Service Tax on the services provided by Government or a local authority to business entities

Circular No. 192/02/2016-Service Tax F.No. 334/8/2016-TRU Government of India Ministry of Finance Department of Revenue (Tax Research Unit) Dated- April 13, 2016 To Principal Chief Commissioners of Customs and Central Excise (All) Principal Chief Commissioners of Central Excise & Service Tax (All) Principal Director Generals of Goods and …

Service tax Determination of Value Rule not to apply to service provided by Govt./local authority where payment deferred for interest/other consideration

GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE)  Notification No. 23 /2016-Service Tax,  New Delhi, the 13th April, 2016 G.S.R.____ (E).- In exercise of the powers conferred by clause (aa) of sub-section (2) of section 94 of the Finance Act,1994 (32 of 1994), the Central Government hereby …