Tag Archives: section 73

Acceptance of deposit by company increased from 25% to 35%

By | June 30, 2016

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY PART II, SECTION 3 SUB_SECTION (i) ] Government of India Ministry of Corporate Affairs Notification Dated 29.06.2016 G.S.R. _ (E). – In exercise of the powers conferred by sections 73 and 76 read with sub_ section (1) of section 469 of the Companies Act, 2013 (18 of… Read More »

Derivatives Loss is not Speculative Loss u/s 73

By | June 9, 2016

Held  We have no difficulty in accepting the views of the Delhi High Court when they say that shares fall squarely within the Explanation to Section 73(4) but we are unable to agree when derivatives are treated at par with the shares because the legislature has treated them differently. HIGH COURT OF CALCUTTA Asian Financial… Read More »

No recovery during pendency of adjudication

By | August 22, 2015

No recovery during pendency of adjudication Q ; Whether recovery can be made if the adjudication proceedings are pending ? Service Tax : During pendency of adjudication proceedings, only provisional attachment under section 73C (service tax) can be made; recovery under section 87 would apply only after adjudication order is passed under section 73 Section 87,… Read More »