and its legacy companies have led the offshore drilling industry with the most innovative and sophisticated technology, and the people that put it to record-setting use. "Gulf of Mexico oil spill: Transocean silent as BP bears the brunt of anger". Such Non-Monetary Perquisite is taxable in the hands of employee under the head salaries. When SNG changed its name to Sonat in 1982, The Offshore Company became known as Sonat Offshore Drilling Inc.
ID2329262 Blum, Jordan (December 5, 2018). Archived from the original on Retrieved 29 September 2015. It called for an exchange of stock valued at approximately.2 billion. Necessary changes were made in Sections 192, 195A, 198, 199, 200 and 203. At the time of payment of income chargeable under the head salaries, to the employee. Section 200 of the 1956 Act specifically prohibited tax free payments. Retrieved External links edit.
Rose had been chairman of Global Marine prior to its 2001 merger with Santa Fe International Corporation. Because it featured two drilling systems in one derrick, the ship could reduce the time to drill a development well by up to 40 percent and could drill and lay pipeline without the need of a pipelay barge. To bring into effect this new scheme, a new Clause (10CC) was inserted in Section 10, to exempt the amount of tax actually paid by an employer, at his option, on the income in the nature of a non-monetary perquisite on behalf of an employee. (2012) judgement is Tax paid by the employer, on the salary of the employee, is a Perquisite under section 17(2 iv). Schlumberger acquired the company in 1984 forex auto copy and a year later combined it with Forex to create Sedco Forex Drilling. The new company began building massive drilling operations with drills capable of going to 10,000 feet (as opposed to 3,000 feet at the time) and operating two drill operations on the same ship. Source: International Directory of Company Histories, Vol. "R B Falcon Corporation and Cliffs Drilling Company Announce Execution of Definitive Merger Agreement" (Press release).
Transocean Sedco Forex Inc Our History About Transocean Bill Clements - Wikipedia Global banking & finance awards 2018 Award Winners Chapter Events - iadc - International Association
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