The Centre on Tuesday banned direct selling companies from promoting pyramid and money circulation schemes. The direct selling companies will also be liable for the grievances arising out of the sale of goods or services by its direct sellers.

SEBI has approved various amendments, ranging from using IPO proceeds to the reappointment of directors in companies in its most recent board meeting, headed by chairman Ajay Tyagi

The union government is considering extending the deadline to file income tax returns which expire on the 31st of December. The consideration is right now for a week to 10 days of extension and no final decision has been made. Representations have been made to the CBDT to extend the deadline since the beginning of this month, and the government is still assessing whether there is a need for an extension or not.

The Income Tax department has unearthed cash worth Rs 250 crore from the residence and factories of Kanpur-based perfume industrialist Piyush Jain. Here’s a look at some of the biggest Income Tax raids in India in recent years.