Anjali Shukla's Article in Finance
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312
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Govt re-revises public holding norms
The finance ministry’s decision is being applauded as a practical one considering the current absorbing capacity of the market as well as the prevailing market conditions.
Though the flexibility to dilute the remaining amount over the spread of the three years will definitely provide a breather to the companies, but in turn will also slow down the process of stake dilution. In which case, the government’s motive to contain volatility in the market place that spawns from manipulation stan
Posted on Sep-14-2010
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318
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SEBI takeover code – all or nothing
The new 25% threshold will bring Indian takeover rules close to the takeover rules in some developed markets such as the UK, where open offers are triggered once the shareholding crosses 30% of a target company. The new code will increase market activity and benefit all parties involved.
Posted on Sep-14-2010
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211
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Sunset clause - No more Equity-linked Saving Schemes under 80c
The taxpayers’ affair with tax saving funds, better known as Equity Linked Saving Schemes (ELSS) has come to an abrupt end after a brief stint. The new Direct Tax Code (DTC), which has now been presented to the standing committee of the Parliament, has trimmed the number of instruments under which the taxpayers took refuge to avoid tax.
Posted on Sep-14-2010
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