Definition of 'Option' A financial derivative that represents a contract sold by one party (option writer) to another party (option holder). The contract offers the buyer the right, but not the obligation, to buy (call) or sell (put) a security or other financial asset at an agreed-upon price (the strike price) during a certain period… Read More
INTRODUCTION The SEBI, that is, the Securities and the Exchange Board of India, is the national regulatory body for the securities market, set up under the securities and Exchange Board of India Act, 1992, to protect the interest of investors in securities and to promote the development of, and to regulate the securities market and… Read More
Tags: Business, Capital market, Exchange Board of India Act, India, Mutual fund, Regulation, SEBI, Securities & Exchange Board of India, Securities and Exchange Board of India Act 1992, Stock exchange
Background Karnataka High Court (High Court) in the case of M/s Mindtree (Tax Payer) v. Union of India held that the imposition of Minimum Alternate Tax and Dividend Distribution Tax on SEZs is neither a breach of promise nor a violation of the doctrine of legitimate expectation and also held that tax levies on SEZs is constitutionally valid. Facts of… Read More
Tags: Dividend Distribution Tax, Finance Act, Government of India, Income tax, Income Tax Act 1961, SEZ, SEZ Act, Special Economic Zone
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