By- Mainak Mukherjee and Abhishek Bhatra
INTRODUCTION
SEBI’s Minimum Public Shareholding (herein after ‘MPS’) norm mandates that all listed companies maintain a minimum 25% shareholding in the hands of the public, ie, non-promoters. The primary objective behind implementing this norm was to ensure transparency, public participation, and to mitigate susceptibility to market manipulation. However, the MPS regime has unfortunately fallen short of achieving its intended objectives, giving rise to a range of challenges and setbacks. This article explores the multitude of issues plaguing the current regime while presenting comprehensive solutions to address these challenges.
WHAT IS THE MINIMUM PUBLIC SHAREHOLDING…
By- Prabal Karthikheyan
INTRODUCTION
In India, the test for Corporate Tax Residency was initially based on the first while ‘Control and Management’ test (hereinafter ‘C&M test’), which was based on the ‘Central Control and Management’ in the UK. This test leaves the determination of the company’s residence to the place where the head and brain are located and important decisions are being made. However, the problem of shell companies and tax evasion still seemed to persist owing to companies having certain isolated instances of control being able to evade tax by contending that the control did not rest wholly in…
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Privacy Legislation:Since January 1, 2004, all Canadian organizations engaged in commercial activities have been required to comply with the Personal Information Protection and Electronic Documents Act (“PIPEDA”) and the Canadian Standards Association Model Code for the Protection of Personal Information incorporated by reference into PIPEDA . These obligations extend to lawyers and law firms, including Sokoloff Lawyers.
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Citations: 1992 AIR 1904, 1991 SCR(1) 274
Appellant: Smt. Sureshta Devi
Respondents: Om Prakash
Decided On: 7.02. 1991
Equivalent Citations:
1. 1992 AIR 1904
2. 1991 SCR (1) 274
Benches:
SHETTY, KJ (J)
AGRAWAL, SC (J)
Statutes Referred:
Hindu Marriage Act, 1955
Special Marriage Act, 1954
Marriage Laws (Amendment) Act, 1976
In a marriage, a man and woman make a lifelong commitment to one another, promising to love and cherish one another until death do them part. The pair learns the true meaning of love, trust, tolerance, support and harmony through their marriage as a union. It is a community…
By: Harshit Joshi
INTRODUCTION
An appeal was brought before the Supreme Court in which both the Delhi High Court and the Punjab & Haryana High Court refused to have territorial jurisdiction over the dispute due to a difference of opinion and dismissed the appeals filed before them. The Supreme Court solved the conundrum concerning the appellate jurisdiction of the High Courts under Section 260A of the Income Tax Act, 1961 (hereinafter ‘Acts’) in its judgment dated 18 August 2022 in the case of Pr. Commissioner of Income Tax-I, Chandigarh v. M/s. ABC Papers Limited. Another question that the Supreme Court…
By: Anushka Satya
THE SCOURGE OF MONEY LAUNDERING AND THE URGENCY TO COMBAT
Submit the interdependence of economies throughout the globe, with the seamless change of sources between sovereign borders, the menace of cash laundering has change into extra urgent than ever. Statistics say that 2-5% of the worldwide GDP, or US$ 800 billion – US$ 2 trillion is the estimated amount of cash laundered globally in a single yr. To sort out this menace, the United Nations Basic Meeting in its Political Declaration in 1998 urged member nations to undertake laws to mitigate cash laundering.
India, which isn’t any…
