Profit on transfer of shares acquired under stock option plan taxable as ‘Capital Gain’ Not ‘Salary’

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On 8 February 2019, the Ministry of Corporate Affairs (MCA) released the Companies (Significant Beneficial Owners) Amendment Rules 2019 (New SBO Rules) to revise and amend the Companies (Significant Beneficial Owners) 2018 (Old SBO Rules). As per the New SBO Rules, the first SBO-related filing is due on 12 May 2019. Vide circular No SEBI/HO/CFD/CMD1/CIR/P/2018/0000000149 […]

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On Jan. 1, 2019, Alectra Utilities Corporation and Guelph Hydro Electric Systems Inc. completed the merger of their two electricity distribution utilities. Alectra  is now the largest municipally-owned electric utility in Canada  by customer base, serving more than one million homes and businesses in Ontario’s Greater Golden Horseshoe area. Gowling WLG advised Alectra Utilities Corporation […]

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