Investors should note that the ex-dividend date is set by the NYSE. Under the rules of the NYSE, when a distribution is declared in a per share amount that exceeds 25% of a company’s stock price, the date on which that company’s shares will begin to trade without the dividend, or ex-dividend, is the first…
The Income Tax Department has relaxed norms for levy of Minimum Alternate Tax (MAT) on companies facing corporate insolvency proceedings. With effect from assessment year 2018-19 (FY2017-18), in case of a company, against whom an application for corporate insolvency resolution process has been admitted by the adjudicating authority under…the IBC, the amount of total loss…
New Delhi, Jan 6: In significant relief to firms undergoing insolvency resolution, the Finance Ministry has now eased provisions of minimum alternate tax (MAT) for them. Accordingly, companies against whom corporate insolvency resolution process has been initiated can now reduce the total loss brought forward (including unabsorbed depreciation) from the book profit for the purpose…
INDEPENDENT music and film retailer Head Records has closed its store in Belfast’s Castlecourt shopping centre, which has been operating for six years. Customers who turned up at the record shop were greeted yesterday with an empty store. It is understood staff were told on Thursday that they were being made redundant as the company…
Get instant alerts when news breaks on your stocks. Claim your 2-week free trial to StreetInsider Premium here. New York REIT, Inc. (NYSE: NYRT) (the “Company” or “NYRT”), which is liquidating and winding down pursuant to a plan of liquidation, announced today the Company’s Board of Directors has declared a cash liquidating distribution of $2.00…
A former director of the company that ran Clerys department store prior to its controversial liquidation in 2015 has pleaded guilty to a criminal offence under employment law. Brendan Cooney with an address at Weirview Drive, Stillorgan, Co Dublin was a director of OCS Operations Ltd – the company that ran the retail operation based on Dublin’s…
MUMBAI (Reuters) – China Development Bank (CDB), the biggest foreign lender to India’s Reliance Communications Ltd (RCom) <RLCM.NS>, on Friday withdrew a petition seeking to drag the indebted telecoms carrier into insolvency. A lawyer for CDB told the National Company Law Tribunal that the Chinese bank had filed to withdraw the petition. The tribunal allowed…
Roughly $2 million worth of merchandise from bankrupt local retailer Prestige Appliance will be liquidated starting Saturday morning at the companys Aiken showroom and warehouse. A similar sale begins Tuesday at its Columbia, S.C., store, according to Grand Rapids, Mich.-based Liquid Asset Partners on behalf of the U.S. Bankruptcy Court trustee assigned to the Chapter…
BISMARCK, N.D. (AP) Sears Holdings Corp. is closing more than 100 stores around the country, including the Sears in Bismarck and the Kmart in Devils Lake. The company says employees at 64 Kmart stores and 39 Sears stores were notified Thursday that it was closing the stores between early March and early April. Company officials…
Next year, luxury fashion group Oroton is due to turn 80. One needs only to think back to the days when mum or granny carried those Oroton silver or gold Glomesh bags on a big night out to get a sense of brand nostalgia. Whether it survives to mark the occasion now rests with the…