An amendment that can boost M&A T. C. A. Ramanujam Revaluation of assets before merger will necessitate payment of huge stamp duties. That will mean coaxing various State governments to pass necessary laws for...
Hutchison Essar, Spacetel deal done
Hutchison Essar, Spacetel deal done Hutchison Essar has completed the acquisition of Essar Spacetel from the Essar Group, reports Our Bureau. The company had signed an agreement for buying Essar Spacetel for $6m (Rs 26...
Balrampur Chini’s plan to buy Indo Gulf hits roadblock
Balrampur Chini’s plan to buy Indo Gulf hits roadblock Balrampur Chini Mills’ proposed takeover of Indo Gulf Industries Ltd, which owns a sick 3,000-tcd mill in Bihar, has been put on hold by the Delhi High...
Madras HC halts Daiichi’s open offer for Zenotech
The Madras High Court (HC) on Tuesday stopped Japanese company Daiichi Sankyo from going ahead with its proposed open offer to ac-quire an additional 20% in the Hyderabad-based drugmaker, Zenotech, at Rs 113.62 per...
SEBI Listing Regulations – Specified Securities
On 2nd September 2015, the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 was notified by SEBI. These compliances as mentioned below are only related to entities whose specified securities are...
Case Law : DCIT Vs. Viraj Profiles Ltd. (ITAT Mumbai)
Case Law : DCIT Vs. Viraj Profiles Ltd. (ITAT Mumbai) Topic: Whether or not Disallowance u/s 14A while computing book profit u/s 115JB permitted, covered in explanation to Sec.115JB (2)? Subscribe to read the full...
Case Law : Tata Consultancy Services Vs. ACIT
Tata Consultancy Services Vs. ACIT (ITAT Mumbai) Topic: There are two matters:- Whether payments made for purchase of unexpired processing contracts can be treated as capital in nature. Whether depreciation on lease of...
Tata Communications to sell Neotel stake to Vodafone South Africa armSell
NEW DELHI: Tata CommunicationsBSE -0.54 % today said it has submitted documents for the restructured transaction for selling majority stake in its subsidiary Neotel’s fixed line assets to Vodafone’s South...
NCLT Impact On M&A Procedure
The Companies Act 2013 (New Act), which was substantially made effective from April 1, 2014, has the potential and capability to be a historic milestone for implementing Mergers & Amalgamations (M&A). So far...
Validity of BuyBack Of Shares-Section 230, Companies Act 2013
Capgemini India Private Limited (Petitioner Company) has filed the Petition seeking sanction of the Scheme of Arrangement (hereinafter referred to as “the Scheme”) with its Equity Shareholders (hereinafter referred to...
Sebi-FMC Merger to Boost Commodities Trading
Commodities regulator Forward Markets Commission (FMC) was merged with the capital markets regulator Securities and Exchange Board of India (Sebi) in September 2015. It is for the first time that a regulator had been...
Sebi-Empanelled Experts To Provide Take On Open Offer Price
Sebi to empanel valuers; but questions remain on compensation, conflicts of interest The Securities and Exchange Board of India (SEBI) wishes to empanel experts who can opine on the valuation of shares during...