Capital expenditure

External Commercial Borrowings (ECB) by Holding Companies / Core Investment Companies for the project use in Special Purpose Vehicles (SPVs)

RBI/2013-14/397 A.P. (DIR Series) Circular No. 78 December 3, 2013 To All Authorised Dealer Category I Banks Madam / Sir External Commercial Borrowings (ECB) by Holding Companies / Core Investment Companies for the project use in Special Purpose Vehicles (SPVs) Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to the A.P. (DIR Series) Circular… Read More

Tags: Capital expenditureCentral bankECBEuropean Central BankForeign Exchange Management ActHolding companyReserve BankSpecial purpose entitySPVSPV GmbH

CAPEX Investment Plans of Central Public Sector Enterprises (CPSEs) Performance for Q1 FY 13-14

The Prime Minister™s Office has been monitoring the CAPEX and investment plans of selected Central Public Sector Enterprises (CPSEs) since FY 12-13. The purpose of this exercise was to enhance investment in the economy and use CPSEs to drive economic growth. The CAPEX target set for FY 2013-14 is Rs. 141,912 crores. This covers 23… Read More

Tags: BHELCAPEXCapital expenditureCentral Public Sector EnterpriseFiscal yearGovernmentIndiaRashtriya Ispat Nigam

PMO reviews CAPEX/Investment Plans of Central PSEs for 2013-14

The Prime Minister™s Office has been monitoring the CAPEX and investment plans of selected Central Public Sector Enterprises (CPSEs) since FY 12-13. The purpose of this exercise was to enhance investment in the economy, utilizing the substantial cash surpluses that are available with some of the CPSEs to drive economic growth. 2. In FY 12-13,… Read More

Tags: CAPEXCapital expenditureFiscal yearIndiaNathpa Jhakri DamNeyveli Lignite CorporationOil IndiaRashtriya Ispat Nigam

Restraining for engaging in same line of business for 7 years is capital in nature and amounts to a depreciable intangible asset under the IT Laws

CLR Editorial Notes: In the present case, the appellant is a joint-venture between M/s. Sharp & L&T. Apparently, the agreement entered into with the L&T in view of the changed relationship ensures that the latter does not enter into the same business. The High Court of Delhi has held that has held that undoubtedly, it… Read More

Tags: AppealCapital expenditureCITDelhi High CourtIncome taxIndiaSharp CorporationThe Silver Chair

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