Court : Supreme Court of India
..... remittance. the remittance shows that the foreign company has control over indian firms and is thus indirectly running chartered accountancy business in india and also getting its return on the said amount. (iv) there is falsification of accounts with regard to insurance premium for a 280 crore policy by pwc firms in india in violation of companies act, 1956. (v) pwc is responsible for ..... in us making a foreign public accounting firm preparing audit reports to be accountable to the public company accounting. similar oversight body may need to be considered in india. section 29 of the ca act provides that if a specified country, prohibits persons of indian domicile from becoming members of any institution similar to icai or practicing the profession of accountancy or subjects .....
Tag this Judgment!Court : Supreme Court of India
..... stocks within an index change value, the index value changes. nifty50is an index on national stock exchange which tracks the behaviour of 50 companies covering different sectors of the indian economy.22. trading in index an investor can trade even the entire stock market by buying index futures instead of buying individual securities ..... shares, bonds, debentures, debenture stock or other marketable securities of a like nature in or of any incorporated company or other body corporate. xxx xxx xxx (ia) derivative; 8. in 1992, the sebi act was introduced to provide for the establishment of a board, to protect the interest of 5 investors in securities ..... .20. the question whether there was fictitious transactions creating illegal synchronization has to be gathered from the facts and circumstances and intention of the parties. acting in concert is something about which it is difficult to obtain direct evidence. proof of manipulation might depend upon inferences drawn from factual details. such .....
Tag this Judgment!Court : Supreme Court of India
..... as follows: reason for imposition of service tax 4. service tax is an indirect tax levied on certain services provided by certain categories of persons including companies, associations, firms, body of individuals, etc. service sector contributes about 64% to gdp. services constitute a heterogeneous spectrum of economic activities. today services ..... consultancy, banking, communication, entertainment, research and development activities forming part of retailing sector. service sector is today occupying the centre stage of the indian economy. it has become an industry by itself. in the contemporary world, development of service sector has become synonymous with the advancement of the economy ..... account of service industry becoming a major contributor to the gdp of an economy, particularly knowledge-based economy. with the enactment of the finance act, 1994, the central government derived its authority from the residuary entry 97 of the union list for levying tax on services. the legal backup .....
Tag this Judgment!Court : Supreme Court of India
..... /balance-sheets of satyam.106. satyam, being a limited company registered under the indian companies act, 1956, was under legal obligation to ensure strict compliance of the companies act.107. section 209 of the companies act deals with books of account of the company. sub-section (3) thereof casts an obligation on the company to keep 70 "proper books of account" as are ..... a means of establishing notorious and widely known facts it is superior to formal means of proof. accordingly, the courts below were justified formal evidence, that the railway strike was imminent on may 5, 1974 and that a strike paralysing the civic life of the nation was undertaken by a section of workers on may 8, ..... taking judicial notice of the fact that on the date when the appellants delivered their speeches a railway strike was imminent and that such a strike was in fact launched on may 8, 1974. section 56 of the evidence act provides that no fact of which the court will take judicial notice need be proved. section .....
Tag this Judgment!Court : Supreme Court of India
..... . [underlining is ours].8. the court also referred to supe dei v. national insurance company limited13 wherein it has been opined that the position is well settled that the second schedule under section 163-a to the act which gives the amount of compensation to be determined for the purpose of claim under the ..... and the concept of just compensation principle requires examination of the particular situation obtaining uniquely in an individual case. in that context, it referred to taff vale railway co. v. jenkins17 and held:- of loss of dependency 36. in sarla verma, this court has endeavoured to the otherwise complex exercise of simplify assessment and ..... of the latter decision which had been rendered without noticing the earlier decisions. the court noted the observations in raghubir singh (supra) and reproduced a passage from indian oil corporation ltd. v. municipal corporation32 which is to the following effect:- 8. the division bench of the high court in municipal corpn., indore v. .....
Tag this Judgment!Court : Supreme Court of India
..... business of construction of storage tanks as also engineering etc. it formed consortium along with few other japanese companies and one subsidiary company of the japanese company. this consortium had entered into an agreement with an indian company on january 19, 2001 for setting up a liquefied natural gas (lng) receiving, storage and degasification facility ..... net of income tax. therefore, it is imperative that a particular income is covered by the charging provisions contained in section 5 of the act. indian income tax act, admittedly, follows a territorial system of taxation. as per this system only that income of a non-resident is taxable in india which is ..... all over the world including india in connection with exploration and production of mineral oil. the assessees are companies incorporated outside india and, therefore, non-resident within the meaning of section 6 of the act. the assessees entered into agreements with ongc, enron oil and gas india ltd. the aforesaid agreements .....
Tag this Judgment!Court : Supreme Court of India
..... duro felguera?. (2) whether there have to be 'multiple arbitral tribunals' for each of the five different packages of work awarded to the foreign company-duro felguera and indian subsidiary-fgi (one international commercial arbitral tribunal plus four domestic arbitral tribunals) and another one arbitral tribunal for 'international commercial arbitration' under corporate guarantee ( ..... is an administrative order passed by the chief justice. in konkan railway corporation limited and others v. mehul construction company, (2000) 7 scc201 it was held that the powers of the chief justice under section 11(6) of the arbitration and conciliation act, 1996 are of administrative nature and that the chief justice or ..... .59,14,65,706/-); package no.8 (rs.9,94,38,635/-); and package no.9 (rs.29,52,85, 558/-) have been awarded to the indian company-fgi. since the issues arising 30 between the parties are inter-related, the same arbitral tribunal, justice r.m. lodha, former chief justice of india, justice .....
Tag this Judgment!Court : Supreme Court of India
..... equality and sexual harassment and abuse, more particularly, sexual harassment at work places. 32 33 33 36. in arun kumar agrawal and another v. national insurance company limited and others34, the lis arose pertaining to the criteria for determination of compensation payable to the dependants of a woman who died in a road accident and ..... be it noted, sometimes, transfer petitions are filed seeking transfer of cases instituted under the protection of women from domestic violence act, 2005 and cases registered under the ipc. as the cases under the said act and the ipc have not been adverted to in krishna veni nagam (supra) or in the order of reference in these cases, we ..... denial of justice.9. the high courts have allowed for video conferencing in resolving family conflicts. a body of precedent has grown around the subject in the indian context. the judges of the high courts should have a keen sense of awareness of prevailing social reality in their states and of the federal structure. video .....
Tag this Judgment!Court : Supreme Court of India
..... well known politician who was in financial difficulties simulated his death by drowning to start life afresh with a new identity in australia. he made arrangement with five british insurance companies to issue a policy in his wife s name which would be payable to her on his death. after creating the circumstance of his drowning in miami, he fled ..... 8 304/0 9 125/0 7 523/1 0 26/91 & 98/91 dt.02/05/1991 u/s 147/148/149/302/307 ipc ps bhavarcool, distt. gazipur 120/95 u/s 3(1) gangster act, ps chobey pur varanasi (original fir & rukka missing from court.) 113/01 & 251/01/ u/s 147/148/149/307/302/427/120 ..... courts in and outside delhi were referred to. it was also mentioned that respondents manipulated a fake identity for themselves and have floated several companies from the ill-gotten wealth. several properties were acquired by these companies, the details of which have been specified in the proposal. considering the magnitude of the criminal activities of the respondents and their organised .....
Tag this Judgment!Court : Supreme Court of India
..... the 2003 regulations, it can be seen that the original definition of "fraud" under the futp regulation, 1995 adopts the definition of "fraud" from the indian contract act, 1872 whereas the subsequent definition in the 2003 regulation is a variation of the same and does not adopt the strict definition of "fraud" as present under ..... of appellant from june 1, 2008 to 6 january 12, 2009. during the investigation, sebi noticed irregularities in her dealings in the scrips of above mentioned four companies. a general trend of trading was noticed which further revealed that the appellant was indulged in front running. it was found that the appellant s sell orders ( ..... (c), (d) and 4(1) of futp2003 6. in civil appeal no.5829 of2014 facts of the case are that appellant used to trade in scrips of four companies namely amtek auto ltd., amtek india ltd., monnet ispat ltd. and ahmednagar forgings ltd. through religare securities ltd., isf securities ltd., india infoline securities ltd. and narayan securities .....
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