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92 on weak GDP data 1 Mar,, 07: 10PM IST. Forex traders said slower GDP, higher crude oil prices, and faltering trade talks between the US and China weighed on the domestic currency.

The High Court failed to notice Section 506( 5) proviso ( a) of the Companies Act and further failed to notice Chapter XV of the Income Tax Act which deals with “ liability in special cases” and its clause ( L) which deals with “ discontinuance of business or dissolution”. If a form of participation in management, capital or control is not recognized by Section 92A( 2), even if it ends up in de facto or even de jure participation in management, capital or control by one of the enterprise in the other enterprise, it does not result in the related enterprises being treated as.

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