SEBI has constituted a committee to review its regulations on insider trading. The committee is chaired by Justice N.K. Sodhi, retired Chief Justice of the Karnataka High Court and former Presiding Officer of the Securities Appellate Tribunal (SAT). The review comes two decades after SEBI’s Insider Trading Regulations were enacted in 1992. The initial decade witnessed very few investigations...
Budget 2013: Direct Tax Proposals – Introduction
The Finance Bill, 2013, as introduced in Parliament is available here. Among the amendments introduced, one which has caused some concern is an amendment which states that Tax Residency Certificates are necessary but not sufficient. Much of the concern appears to be undue. Under the general law, TRCs are not conclusive as to residence. The amendment indicates that they are not...
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