SAT directs Sebi to conduct enquiry into Cairn UK Holdings dividend case freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.
In April 2017, the UK-based firm approached the regulator over the non-payment of dividends amounting to over Rs 340 crore by Cairn India. It had appealed to Sebi to direct Cairn India to pay the dividend along with an interest of 18 per cent per annum, , sebi, Securities and Appellate Tribunal, cairn
Vedanta Ltd. and all related group entities are set to settle all retrospective tax disputes, following the government's amendment to the Indian Income Tax Act, 1961 that effectively nullifies the controversial tax imposed by Finance Act, 2012.
In an exchange filing, the mining conglomerate said its parent Vedanta Resources Ltd. and all group companies have filed required forms seeking withdrawal of the claim.