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2 months ago | 
legaleraonline.com | Anjali Verma
Finance Minister Announces Key Tax Reforms and Incentives for EV and Mobile Battery Production in Budget 2025-26Finance Minister Nirmala Sitharaman, in her Budget for 2025-26, announced measures aimed at simplifying the tax system, including the rationalization of the Tax Deduction at Source (TDS) regime to reduce compliance burdens. She emphasized that the tax proposals focus on income tax reforms for the middle class, TDS streamlining, and easing compliance.
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2 months ago | 
legaleraonline.com | Anjali Verma
Government to Introduce New Income Tax Bill; FDI in Insurance Raised to 100%Finance Minister Nirmala Sitharaman announced on Saturday that the government will introduce a new Income Tax Bill next week, aiming to advance the "trust first, scrutinise later" approach. The bill is expected to simplify existing tax laws, making them clearer and more concise.
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2 months ago | 
legaleraonline.com | Anjali Verma
Economic Survey Highlights Delays in Insolvency Resolution Process Under IBCThe Economic Survey of India, released on Friday, highlighted ongoing challenges with the Insolvency and Bankruptcy Code (IBC), particularly in terms of delays in resolving distressed companies. The Corporate Insolvency Resolution Process (CIRP) is currently taking an average of 582 days to complete, while the liquidation process averages 499 days.
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2 months ago | 
legaleraonline.com | Anjali Verma
Madras High Court Dismisses PhonePe's Trademark Infringement Lawsuit Against BundlePeThe Madras High Court has dismissed a lawsuit filed by PhonePe, a leading digital payments company, seeking to have its mark recognized as a well-known trademark.
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2 months ago | 
legaleraonline.com | Anjali Verma
CESTAT Rules in Favor of Secure Meters on Classification of Communication ModulesThe Customs, Excise and Service Tax Appellate Tribunal (CESTAT), New Delhi, has ruled in favor of Secure Meters Limited in a case concerning the classification of communication modules used in the manufacturing of smart meters. The Tribunal overturned the classification determined by the Principal Commissioner of Customs, New Delhi, providing significant relief to the importer.
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2 months ago | 
legaleraonline.com | Anjali Verma
Hindustan Unilever seeks CCI’s nod to acquire MinimalistAiming for synergies in beauty and personal care product markets, the deal is worth Rs 2,670 croreHindustan Unilever Ltd (HUL) has sought clearance from the Competition Commission of India (CCI) to acquire a 90.5 percent stake in Uprising Science Pvt Ltd, the parent company of Minimalist. Initially, the company will infuse Rs.45 crore with an eventual acquisition of the remaining 9.5 percent shareholding.
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2 months ago | 
legaleraonline.com | Anjali Verma
SEBI slaps Rs.7 lakh penalty on Motilal Oswal Financial Services for flouting rulesDirects it to pay the fine within 45 daysThe Securities and Exchange Board of India (SEBI) has imposed Rs.7 lakh on Motilal Oswal Financial Services Ltd for flouting stockbroker and depository participant rules. The directions came after the market regulator inspected the stockbroker and depository participant, Motilal Oswal with stock exchanges and depositories from April 2021 to June 2022.
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2 months ago | 
legaleraonline.com | Anjali Verma
Delhi High Court refuses stay on Burmans’ open offer to acquire Religare’s additional 26 percent stakeThe bench also junks Bangkok-based minority investor’s plea to halt the company’s AGM on 07 FebruaryThe Delhi High Court has refused to stay the Dabur-owned Burman family's open offer to acquire an additional 26 percent stake in Religare Enterprises from public shareholders.
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2 months ago | 
legaleraonline.com | Anjali Verma
SEBI releases guidelines to evaluate market infra institutions’ statutory committeesThis would be mandated every three years commencing from Financial Year 2024-2025The Securities and Exchange Board of India (SEBI) has issued guidelines for evaluating market infrastructure institutions' (MIls) statutory committees to enhance transparency and accountability.
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2 months ago | 
legaleraonline.com | Anjali Verma
Supreme Court Rules Resolution Plans Involving Combinations Must Get CCI Approval Before CoC ExaminationThe Supreme Court, in a 2:1 majority decision, has ruled that the Competition Commission of India (CCI) approval for corporate insolvency resolution plans that involve mergers or acquisitions must be obtained before the approval by the Committee of Creditors (CoC). Justices Hrishikesh Roy and Sudhanshu Dhulia supported this interpretation of the law, while Justice SVN Bhatti dissented.
