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An Act to provide for the Redemption or Commutation of the Dividend on the Capital Stock of the East India Company, and for the transfer of the Security Fund of the India Company to the Secretary of State in Council of India, and for the dissolution of the East India Company. Citation: 36 & 37 Vict. c. 17: Dates; Royal assent: 15 May 1873 ...
For instance, in India, dividends are tax free in the hands of the shareholder up to INR 1 million, but the company paying the dividend has to pay dividend distribution tax at 12.5%. There is also the concept of a deemed dividend, which is not tax free. Further, Indian tax laws include provisions to stop dividend stripping. [4] [citation needed]
The Securities and Exchange Board of India (SEBI) was first established in 1988 as a non-statutory body for regulating the securities market.Before it came into existence, the Controller of Capital Issues was the market's regulatory authority, and derived power from the Capital Issues (Control) Act, 1947. [6]
From the mid-1980s, with the advent of more modern, aesthetic and more fuel-efficient cars from Maruti Suzuki, the popularity of the Padmini slowly began to wane. The liberalisation of the Indian economy in 1991, which allowed foreign car manufacturers to launch operations in India, began the end for the Padmini. In 1996, Premier tried to ...
The Hindustan Contessa is an automobile which was manufactured by Hindustan Motors (HM) of India from 1984 to 2002. It was based on the Vauxhall VX Series of 1976 to 1978, itself a development of the Vauxhall Victor FE. When introduced in 1983, it was one of the few Indian manufactured luxury cars in the market.
On November 22, 2024 IFCI Limited approved the merger of Stockholding Corporation of India Limited with IFCI Limited, in accordance with the recommendation of the Ministry of Finance, Ministry of Finance Government of India, as outlined in letter F.No.2/22/2016-IF-1 dated November 22, 2024. The National Stock Exchange (NSE) issued a letter (No ...
The Statesman Vintage & Classic Car Rally is an annual vintage car rally in New Delhi and Kolkata and the oldest, continuously-run such event in India and the sub-continent. It started in the year 1964 in New Delhi, and was brought to Kolkata in the year 1968 as The Statesman Vintage Car Rally.
Reliance Capital obtained its registration as a non-banking finance company (NBFC) in December 1998. It has since diversified its activities in the areas of asset management, life and general insurance, commercial finance, stock broking, private equity and proprietary investments, asset reconstruction, distribution of financial products and other activities in financial services.