Cyrus Mistry, the current chairman of Tata group who is the first from outside the immediate Tata family to head the group since it was founded in 1868, has his eye in the future and not the past. Working on the...
M&A Happenings : June 2016
Industry-wise breakup of the schemes filed is as follows: Industry No. of Deals June 2016 April 2016 Agriculture 1 3 Chemicals 4 3 Entertainments – 5 Financial Services 7 16 Information Technology 1 11 Investment...
CIT VS. MRS. HEMAL RAJU SHETE (BOMBAY HIGH COURT)
LEGAL CORNER - July 2016 - CASE LAW:
TOPIC:
Deferred Consideration Contingent on uncertain future events cannot be taxed before vesting of right to receive
Facts of the case:
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FARID GULMOHAMED VS. ITO (ITAT MUMBAI)
LEGAL CORNER - July 2016 - CASE LAW:
TOPIC:
Transfer of Leasehold rights in land won’t attract Section 50C
Facts of the case:
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TRIVENI DEMERGER: Unlocking Value the Best Way?
Triveni Engineering & Industries Limited (Demerged Company) TIEL is a focused, growing corporation having core competencies in the areas of sugar and engineering. The Company is one amongst the largest sugar...
Omkar Specialty chemicals – simplifying it’s corporate structure
TRANSACTION BACKGROUND On March 28th, 2016 the Board of Directors of Omkar Specialty Chemicals Limited (OSCL) unanimously approved the Composite Scheme of Arrangement which provides for: Merger of Lasa Laboratory...
OVERSEAS DIRECT INVESTMENT PART I
What is direct investment outside India? Direct investment outside India means investments, either under the Automatic Route or the Approval Route, by way of Contribution to the capital or Subscription to the Memorandum...
Way forward for Successful Alliances in Joint Venture
Companies look for alliances and partnerships to enter new markets, exploit new opportunities, acquire competencies, minimize the financial risk and achieve faster growth. A clear roadmap marking the way forward in the...
HB Group’s Damage Control
Lalit Bhasin-led HB group recently proposed restructuring of its three listed companies – HB Stockholdings Ltd. (HBSL), HB Portfolio Ltd. (HBPL) and HB Estate Developers Ltd. (HBEDL). The restructuring was proposed...