Source:-https://www.thenewsminute.com The Supreme Court on Wednesday asked the Securities and Exchange Board of India (SEBI) to appoint an observer for overseeing the e-voting process, scheduled in the last week of December, with regard to winding up Franklin Templeton’s six mutual fund schemes. The apex court said that its December 3 order, in which it had
Source:-https://www.hindustantimes.com Franklin Templeton Mutual Fund (FT) moved the Supreme Court on Monday, challenging a Karnataka high court order that said its decision to wind down six debt schemes in April required a simple majority consent from unitholders. In October, the high court had ordered that trustees should not take any action on the winding-up of
Source:-https://www.business-standard.com The Karnataka High Court deferred its judgement in the Franklin Templeton Asset Management (India) case on Monday, with the court passing an order to take on record duly notarised copies of affidavits filed by the asset manager (e-filed originally) as per the standard operating procedure of the court, said a person familiar with the
Source – newindianexpress.com MUMBAI: Media firm NDTV’s promoters Prannoy Roy and Radhika Roy have moved the Bombay High Court, challenging a show-cause notice issued to them by the Securities and Exchange Board of India (SEBI) in 2018 for alleged violation of insider trading regulations. The court, while stating that it will pass orders on January
Source: moneylife.in The Punjab & Haryana High Court has issued notices to market regulator Securities and Exchange Board of India (SEBI), and Dewan Housing Finance Corp Ltd (DHFL) and Catalyst Trusteeship Ltd among others for the company and trustee’s failure to safeguard interests of debenture holders. The petition, filed by Jyoti Khemka through Advocate Shreenath
Source- businesstoday.in As Switzerland continues to shed its image as a safe haven for alleged black money, the Alpine nation has agreed to share with Indian authorities the details about two companies and three individuals who are facing multiple probes back in India. One of the two Indian companies used to be a publicly-listed entity and
Source – dnaindia.com The Income Tax Act, 1961 (‘the Act’) empowers the tax officer to re-open and re-assess a taxpayer’s case, where an order has been passed after conducting scrutiny proceedings. Technically termed as ‘reassessment’ under the Act, if the tax officer has reasons to believe that any income chargeable to tax has escaped assessment for
