Latest Expert Exchange Queries

GST Demo Service software link:
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Popular Search: ARTICLES ON INPUT TAX CREDIT IN VAT :: empanelment :: ACCOUNTING STANDARDS :: cpt :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TDS :: ACCOUNTING STANDARD :: VAT RATES :: list of goods taxed at 4% :: VAT Audit :: due date for vat payment :: Central Excise rule to resale the machines to a new company :: form 3cd :: articles on VAT and GST in India :: TAX RATES - GOODS TAXABLE @ 4%
News Headlines »
 What if you forget to verify your Income Tax return?
 TDS on rent and other tax tasks to complete before March 31
 5 income tax changes which will come into effect from April 1, 2018
 Why you shouldn't be a last-minute tax filer
 How to calculate income tax for this assessment year on Moneycontrol
 6 Tax notices you may get and how to cope with them Income Tax Notice
 Deadline to pay advance tax ends tomorrow: Here is a step-by-step guide
  Central Goods and Services Tax (Second Amendment) Rules, 2018
 Income Tax Return Filing Deadline: Waiver On LTCG Tax To End On 31 March. Details Here
 Income tax returns (ITR) filing: Top mistakes that can be very costly
 Income Tax Return (ITR) filing: 6 last-minute things you can still do to save tax for FY17-18

CLB seeks report from Bajaj brothers on dispute
October, 26th 2007
The Company Law Board on Thursday asked the warring Bajaj brothers - Rahul and Shishir - to prepare a report on the areas of dispute that are holding up a mutually acceptable agreement for splitting the business empire.

CLB chairman S Balasubramanian, who is hearing arguments by the two sides, also sought to know the points of difference over which they terminated last month their Memorandum of Understanding (MoU) drafted for division in the group.

"You first tell me the areas of difference. I would make an attempt (to resolve the issue). I am asking both the sides about that (difference) but no one is talking about that," Balasubramanian said during proceedings in the Board.

He advised the two sides to settle the matter amicably since it was a family dispute and suggested them not to fight in public domain.

Senior counsel and former Attorney General Ashok K Desai, appearing for Bajaj family patriarch Rahul Bajaj, informed the Principal Bench that the settlement is stalled at three points. He, however, did not elaborate about these issues.

Desai opposed Board's intervention in the issue, saying it would make this case more complex and his side was quite reluctant for such interference at this stage.

"In my view both sides should sit and finish the matter. We would not like to involve the tribunal at this stage right now... areas of difference are very limited," Desai said, turning down CLB's offer to mediate.

Commenting on this CLB Chairman said, "It's not a dispute. You both are agreed to part away. One is willing to go out from the group. Adopt proper give and take method".

Later, he directed the two sides to give their reaction on those three areas of dispute.

"Give your reaction on three areas. I want a proper concept report within two weeks from the both sides," he said, adding the next meeting on November 26 would not be in the open court but in his chamber.

However, the CLB made it clear that both the sides would continue their arguments in this four-year-old case if they again fail to reach on a settlement on November 26.

Shishir Bajaj's side, which is continuing arguments through senior counsel Rafique A Dada, has been given three days of consecutive hearing from January 14 next year. Rahul's side has been granted five sessions to wind up contentions in two terms. The first leg would be on January 28 and 29 and the second would be from February 14 till February 16.
Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Custom Software Development Outsourcing Custom Software Development Offshore Cus

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions