As per the Income Tax Law, where a company’s shareholding changes during a year, losses from earlier years cannot be carried forward to set off against that year’s income, unless at the end of the year, at least 51% of the voting shares continue to be beneficially held by the persons who beneficially held them when the losses were originally incurred.
Wednesday, 7 January 2026
Thursday, 1 January 2026
SEBI Introduces new "Informal Guidance Scheme" – Overview and Key Highlights
The Capital Market Regulator, the Securities and Exchange Board of India (‘SEBI’), has recently notified the SEBI (Informal Guidance) Scheme, 2025 (‘New Scheme’), replaces the erstwhile SEBI (Informal Guidance) Scheme, 2003 (‘Old Scheme’) with effect from December 1, 2025. The New Scheme seeks to broaden the scope of eligible applicants and streamline the process for obtaining informal guidance, while retaining the core objective of providing regulatory clarity.
Key changes under the New Scheme
include the following:
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