Section 89 of the Companies Act, 2013 and Chapter VII of The Companies (Management and Administration) Rules, 2014 covers the concept of declaration of beneficial interest in any shares (Including Preference Shares).
The Petitioner claimed that impugned sale was effected by transfer of documents of title before the goods had crossed the Customs frontiers of India and hence declared impugned saleas a sale in the course of import/ high sea sales and claimed exemption under Section 5(2) of the Central Sales Tax Act, 1956 (the CST Act) on the turnover of Rs.1,14,86,342/- and Rs.4,05,09,427/- respectively.
Dev International (the Appellant) imported certain goods (impugned goods) and filed two Bills of Entry, both dated July 17,2008 wherein 4% SAD, amounting to Rs.1,11,556.90 was paid. The impugned goods were detained by Central Intelligence Unit (CIU) for investigation.
The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, in a major decision, has decided to accept the order of the High Court of Bombay in the case of Vodafone India Services Private Limited (VISPL) dated 10.10.2014. This is a major correction of a tax matter which has adversely affected investor sentiment.
INVESTMENT IN SUBSIDIARY [Section 186(1)] A Company can make investment through not more than two layers of investment companies, Without prejudice to the provisions contained in the Act, unless otherwise prescribed, below mention two exceptions of this:
To understand the subject of taxation very first of all we all have to understood the basic concepts relating to taxation just like we have to go through for driving rules before we learn to drive a Car or many times it happens we know the each and every concepts but still we lack somewhere […]
As the new government in India launches ‘Make in India’ campaign in September 2014, to promote new businesses in India, on the other side World Bank issues its Doing Business 2015 in October 2014, in which it placed India at 142th place downgraded by 2 ranks as compared to previous year rankings. And may be […]
While applying online for importer exporter code (IEC) some user may encounter a Java Error like the one given below – ERROR WHILE SENDING OUTPUT access denied (“java.net.SocketPermission” “164.100.128.143:8100″ “connect,resolve”) In this article we have discussed the solution and steps to remove above error. 1. Download latest version Java or Update the latest version of […]
SEBI (PROHIBITION OF INSIDER TRADING) REGULATIONS, 1992
I qualified my company secretary examination last year, and luckily was the first one to clear among my peers with whom I started the course. By God’s grace I succeeded in clearing all of my levels at the first attempt and so am called a company secretary comparatively soon. I completed my CS with Graduation i.e. b.com which proved to be a pillar for my studies..
