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Bombay High Court Allows Discharge of Chartered Accountant in Financial Fraud Case Due to Lack of Prima Facie Evidence. Professional Advice Without Specific Role in Siphoning Funds Does Not Attract Criminal Liability Under RBI Act and SEBI Act.

The applicant, Parag Raman Hangekar, a chartered accountant, filed a criminal revision application against the order of the Special Judge (Additional ...

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Supreme Court Hears Appeal from High Court Order Granting Interim Custody of Vehicles in Criminal Misappropriation Case. Appellant Seeks Custody Based on Registration Certificates; Respondent Company Claims Possession Under Undertaking.

The matter pertained to an appeal before the Supreme Court against a common order of the High Court of Andhra Pradesh granting interim custody of seiz...

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Bombay High Court Hears Writ Petition Challenging Validity of Reopening Notice Under Section 148 of Income Tax Act for Assessment Year 2015-16. The Reopening Based on Alleged Escaped Income from Capital Reduction Transaction Is Contested on Grounds of Full Disclosure During Original Assessment.

The petitioner, an investment holding company incorporated in Singapore and under creditors' voluntary liquidation, held shares in Lehman Brothers Cap...