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  • Article

    Denomination Of Issuance And Trading Of Non-Convertible Securities

    The circular issued by SEBI on July 3, 2024, amends Chapter V of the Master Circular No. SEBI/HO/DDHS/PoD1/P/CIR/2024/54 dated May 22, 2024, concerning the denomination of issuance...
    IndiaCorporate/Commercial Law
    Dhaval Vussonji & Associates
    Dhaval Vussonji & Associates
  • Article

    National Green Tribunal On Clean Ganga Project

    The Tribunal gave warning to the industrial units operating near the banks of the river to file their replies as to why their units must not be shut down.
    IndiaEnvironment
    Dhaval Vussonji & Associates
    Dhaval Vussonji & Associates
  • Article

    Agreements Between Registered Co-Operative Housing Societies And Its Existing Members To Be Stamped At Rs. 1,000/-, In Case Of Self-Redevelopment Projects

    By its Circular dated 14th July, 2023 bearing reference no. Stamp-2022/pra.Kra.617/M-1 the Revenue and Forest Department, Government of Maharashtra has addressed the concerns revolving around stamp duty payable on agreements ...
    IndiaReal Estate and Construction
    Dhaval Vussonji & Associates
    Dhaval Vussonji & Associates
  • Article

    Delisting Process Continues To Remain A Pain

    Provision for determination of floor price is the most important provision in the delisting regulations.
    IndiaCorporate/Commercial Law
    Dhaval Vussonji & Associates
    Dhaval Vussonji & Associates
  • Article

    When Does Cause Of Action Arise In National Green Tribunal

    This matter relates to the plea that the Vidharbha Circket Stadium at Nagpur has caused environmental damage.
    IndiaEnvironment
    Dhaval Vussonji & Associates
    Dhaval Vussonji & Associates
  • Article

    A Paradigm Shift In Outlook Towards Third Party Security?

    The recently introduced Insolvency and Bankruptcy Code, 2016 has brought in its wake several judgments and orders which are changing the landscape of the financial markets in an unprecedented manner.
    IndiaFinance and Banking
    Dhaval Vussonji & Associates
    Dhaval Vussonji & Associates
  • Article

    Minority Squeeze Out In Unlisted Company Under Section 230

    The Ministry of Corporate Affairs (MCA) vide Notification dated 3rd February, 2020 has notified sub-sections 11 and 12 of Section 230 which allow a takeover offer to be made by way of a compromise...
    IndiaCorporate/Commercial Law
    Dhaval Vussonji & Associates
    Dhaval Vussonji & Associates
  • Article

    Subsequent Pleadings Under Civil Procedure Code, 1908

    Under Indian Laws especially under Civil Procedure Code, 1908 ("CPC") there are questions which may not have a definite answer.
    IndiaLitigation, Mediation & Arbitration
    Dhaval Vussonji & Associates
    Dhaval Vussonji & Associates
  • Article

    Transit Rent

    In the backdrop of various redevelopment projects being carried out in the city of Mumbai, Bombay High Court in the landmark judgement of Sarfaraz S Furniturewalla Vs. Afshan Sharfali Ashok Kumar & Ors. held that no TDS under section 194I of The Income Tax Act, to be deducted from transit rent.
    IndiaTax
    Dhaval Vussonji & Associates
    Dhaval Vussonji & Associates
  • Article

    Extension Granted To The Real Estate Projects

    The WHO on 11th March, 2020 labelled the outbreak of Novel Corona virus – COVID-19, a ‘Pandemic' and called upon the Governments of all the countries to change the course of the outbreak by taking "urgent and aggressive action".
    IndiaCoronavirus (COVID-19)
    Dhaval Vussonji & Associates
    Dhaval Vussonji & Associates
  • Article

    Are Housing Finance Lenders ‘Financial Creditors' Of Developers Under Subvention Schemes: An Update

    The NCLT in its judgment has noted that IHFL had disbursed the loan amount in the account of the Developer on the various dates.
    IndiaFinance and Banking
    Dhaval Vussonji & Associates
    Dhaval Vussonji & Associates
  • Article

    Status Of Financial Creditors With Unadmitted Claims

    The Insolvency and Bankruptcy Code Code, 2018 which came into effect on 6th June, 2018 provides for various amendments to the Insolvency and Bankruptcy Code, 2016.
    IndiaInsolvency/Bankruptcy/Re-Structuring
    Dhaval Vussonji & Associates
    Dhaval Vussonji & Associates
  • Article

    Plotted Development - RERA Applicability

    In light of the aforesaid, the ambiguity of whether a particular real estate project is required to be registered or not has now been settled.
    IndiaReal Estate and Construction
    Dhaval Vussonji & Associates
    Dhaval Vussonji & Associates
  • Article

    Impact Of Gujarat High Court's Ruling On Liability Of GST On Transfer Of Leasehold Rights

    In a breather to the industrial realty leasing sector, the Gujarat High Court has passed a landmark judgement in the case of Gujarat Chamber of Commerce and Industry & Ors. Vs. Union of India quashing 18% GST on transfer of leasehold rights on industrial land.
    IndiaTax
    Dhaval Vussonji & Associates
    Dhaval Vussonji & Associates
  • Article

    Extension Of Limitation Under IBC – Creditors Breathe Easy

    An ‘Acknowledgement' of liability not only saves limitation period but also confers on an individual a ‘cause of action' to him, to lay his claim.
    IndiaFinance and Banking
    Dhaval Vussonji & Associates
    Dhaval Vussonji & Associates
  • Article

    Applications Filed Under IBC Will Attract Penalties Under IBC And Not The Companies Act, 2013

    The National Company Law Appellate Tribunal ("NCLAT") in Mr. Ashish Chaturvedi v. Inox Leisure Limited has clarified that if an application is filed under the provisions of Insolvency and Bankruptcy Code...
    IndiaCorporate/Commercial Law
    Dhaval Vussonji & Associates
    Dhaval Vussonji & Associates
  • Article

    SEBI Board Decisions – Good And Not So Good

    Appropriate reporting by FII about any transfer during the preceding month would have perhaps served the desired purpose.
    IndiaCorporate/Commercial Law
    Dhaval Vussonji & Associates
    Dhaval Vussonji & Associates
  • Article

    No Requirement Of Tripartite Agreement For Redevelopment Under Regulation 33(5) Of The DCPR, 2034

    The Development Control and Promotion Regulations for Greater Mumbai, 2034 ("DCPR"), have been sanctioned by the Urban Development Department of the Government of Maharashtra under the provisions...
    IndiaReal Estate and Construction
    Dhaval Vussonji & Associates
    Dhaval Vussonji & Associates
  • Article

    Tenants Are Now Promoters?

    A developer by availing development rights, takes control of the construction of building(s) after obtaining requisite approvals from statutory authorities.
    IndiaReal Estate and Construction
    Dhaval Vussonji & Associates
    Dhaval Vussonji & Associates
  • Article

    Default In Rent Payment & Strictures By SRA

    The Hon'ble Bombay High Court in Writ Petition No. 3140 of 2019 has observed that there were consistent defaults being made by developers in payment of transit rent causing inconvenience to the slum dwellers including filing litigations for recovery of transit rent.
    IndiaReal Estate and Construction
    Dhaval Vussonji & Associates
    Dhaval Vussonji & Associates

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