2017-TIOLCORP-NEWS-019 | Friday, January 27, 2017

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TIOL TUBE VIDEO
  TIOLTube.com
 
COMPANIES ACT
 
2017-TIOLCORP-10-HC-KAR-CA

Praxis Inc AND Nandhini Hotels Pvt Ltd

Whether winding-up petition can be filed for non payment of un admitted or non crystallized liability - NO : HC

Whether winding-up petition can be allowed to take the character of a money recovery suit unless the liability is clearly admitted and not paid-off - YES : HC

- Petition dismissed: KARNATAKA HIGH COURT

 
CAPITAL MARKET LAWS
  2017-TIOLCORP-02-SAT

Chaman Exports Ltd Vs SEBI

Whether small size of business and less number of employees can be an excuse for non compliance with SEBI directions by listed company - NO : SAT

Whether imposing a penalty of Rs. 1.5 lakh can be considered harsh when the maximum penalty amount allowed under the Act is Rs. 1 crore - NO : SAT

- Appeal Dismissed: SAT

 

 

 

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IRDA revises draft regulations for outsourcing by insurers

After US, Apple files suit against Qualcomm in China

 
MISC REGULATION
  Revised draft IRDA (Outsourcing of Activities by Indian Insurers) Regulations  
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simply inTAXicating - Budget Expectations on Direct Tax (Union Budget 2017)
 
 
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