number
of Foreign Institutional Investors s (hereinafter referred to as "the
FIIs"), which were resident in Mauritius, invested large amounts of
capital ... some of the income tax
authorities issued show cause notices to some FIIs functioning in
India calling upon them to show cause
pursuance of clause (o) of sub-section (1) of section 6;"; (fii) in section 9, for the second proviso, the following provisos shall be substituted
Foreign Institutional Investors) Regulations, 1995 provides for cancellation of registration of an FII for indulging in market manipulation.
13. An analysis of the provisions ... Exchange; Madhavpura Bank Scam; financial problems of Ketan Parekh; large selling by FIIs; large selling by Indian Institutions; issues of Corporate Governanace in specific stocks
Dcit 7(1)(1), Mumbai vs Goldman Sachs (India) Securities P.Tl, ... on 17 February
manpower available at the disposal of the
associated enterprises and associated enterprises (FIIs) at Mauritius was
nothing but a letter box entity having no resources ... assessee is a leading broking house in India, servicing the needs of FIIs and
domestic mutual funds. The assessee is an indirectly owned 100%
subsidiary
Exchange and
National Stock Exchange.Its customers comprise of Foreign Institutional Investors(FII.s) includ-
ing its Associated Enterprises(AE.s),Domestic Financial Institutions ... computing the operating margin earned by the comparables,that top ten FII.s were to
considered for benchmarking the IT.s for the CH trades
sold by the plaintiff to defendant No. 2, a foreign institutional investor (FII), in October, 1993, and the said transfer was registered by the company ... December, 1993. Defendant No. 2 (through defendant No. 8 also an FII), thereafter, sold 5,89,000 shares to defendants Nos. 6 and 7 (also
also incharge of ACM investments in India through the Foreign Institutional Investments (FII) route. When the appellant came to know about ACM's intention ... incharge of investment of ACM's funds in India through the FII route. SEBI found during investigations that the joint shareholding of ACMF
taxing the Capital Gain of
Rs.10,69,688/-pertaining to DBS FII operations in India as "business
income" in the hand ... taxability of Capital Gain of Rs. 10,69,688/- pertaining to
DBS FII operation in India as business income. The learned
invest through stock exchange
in India unless it is approved as FII by the regulatory authorities viz.
RBI, SEBI etc.
(2) In case, the assessee ... company is a registered FII or sub account of
any registered FII, which is not permitted to buy and sell securities
without taking delivery. Accordingly
