Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
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: VAT RATES :: ARTICLES ON INPUT TAX CREDIT IN VAT :: Central Excise rule to resale the machines to a new company :: VAT Audit :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TAX RATES - GOODS TAXABLE @ 4% :: empanelment :: form 3cd :: ACCOUNTING STANDARD :: articles on VAT and GST in India :: list of goods taxed at 4% :: TDS :: due date for vat payment :: ACCOUNTING STANDARDS :: cpt
 
 
News Headlines »
 Notification regarding extension of last date w.r.t submission of closing stock by dealer.
 Integrated Goods and Services Tax (IGST) Rules, 2017 (As on 15.11.2017)
 Central Goods and Services Tax (CGST) Rules,2017 (As on 15.11.2017)
  101st Constitution Amendment Act, 2016
 Pr. Commissioner Of Income Tax-6 Vs. Mccain Foods India Pvt. Ltd.
 Section 10 of the Income-tax Act, 1961
 Income tax returns filing: No tax on gift received from relatives in form of cash
 Income tax returns (ITR): Here is why you need to pay higher tax on other incomes
 GST Update On Issuance Of Debit Notes And Credit Notes
 How Mutual Fund Investments Can Help Save Income Tax
 Income tax returns (ITR) filing: Why small service providers need to get this benefit

CLB share transfer order flayed
March, 13th 2007
The order of the Company Law Board (CLB) directing the West Bengal Industrial Corporation (WBIDC) to transfer its 1.55 million shares in Haldia Petrochemical Ltd (HPL) to the Chatterjee Group lead by Purnendu Chatterjee was criticised by the Counsel of WBIDC before Mr Justice Jayanta Kumar Biswas of the Calcutta High Court today.

In his argument, the WBIDC counsel described the CLB order as a classic one, because there was no such prayer for transfer of shares before the CLB. The Chatterjee Group made an application before CLB under Section 397 of the Companies Act, under which the Board passed an order directing WBIDC to transfer 1.55 million shares in HPL to the TCG. Challenging this order, both the West Bengal Government and WBIDC filed two appeals in the Calcutta High Court.

The counsel for WBIDC questioned that under Section 397, shareholders of a company can file an application of mismanagement against the company, but surprisingly in the present case no allegation of mismanagement was made against HPL by the Chatterjee Group; hence, how the application under Section 397 has been entertained by the Board, it was pointed out. WBIDC was not willing to transfer the shares, the counsel argued. The order of CLB is perverse as it appeared from the totality of fact, the counsel submitted. The hearing will continue.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Mission

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