The companies could push for the GST Council to implement these tax changes prospectively rather than retroactively, thereby mitigating immediate financial hardships, legal experts say.
Mukund Puranik is a corporate, commercial and projects lawyer with 26 years of experience in advising on varied corporate, commercial and project transactional and dispute resolution matters..
The Securities Appellate Tribunal (SAT) has directed Sebi to respond by September 4 in an appeal filed by Zee Entertainment Enterprises promoter Punit Goenka against an order of the regulator. Goenka is challenging Sebi s order barring him from holding any directorship or managerial position in any listed company or their subsidiaries.
Sebi had sought more time to complete the probe, but the court — amid a slump in Adani shares following a damaging report published in January by US shortseller Hindenburg Research — imposed an Aug. 14 deadline.
Adani Probe Wraps Up as India Tightens Disclosure for Big Firms bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.