The Punjab and Haryana High Court has stayed the circular issued by the Central Board of Indirect Taxes and Customs (CBIC) concerning the taxability of corporate guarantees.The bench of Justice.
Market regulator Securities and Exchange Board of India (SEBI) has cancelled the certificate of registration of Karvy Investor Services Ltd for failing to meet fit and proper criteria as a merchant banker.
In its order passed on December 20, SAT quashed Sebi s two orders passed in January 2020 and December 2019 that barred lenders from invoking the pledge on shares in the Karvy Stock Broking matter. Sebi, NSDL and NSE were also directed to release the shares in four weeks.
The Securities Appellate Tribunal (SAT) on Friday rejected Axis Bank s appeal with respect to releasing shares that were pledged by Karvy Stock Broking Ltd in favour of the private sector lender.
The lender s appeal was for passing appropriate orders directing Sebi, NSDL and NSE to comply with the