In a move towards GST the Delhi Govt. has issued DVAT amendment rules 2016 on 12-04-2016. These rules have been issued keeping in mind the compatibility which will be required at the time of implementation of GST with effect from a future date which will be known once the constitutional amendment bill is passed in Rajya Sabha
HC held that while disposing off an application for registration u/s 12AA , the CIT is required only to verify the geniuses of the trust’s activity so as to ensure that the same matches with the objects stated in the trust deed.
Every day we come across with at least one news about fundraising by startups… raising $2billion at a valuation of $18billion, fueled $8million in pre-series A funding, bridge round of $5million and so on. Emerging startup businesses have come up with a variety of innovative ideas but funding is the real challenge. Let us have an overview of different funding rounds in startup.
Provisions of section 196 of Companies Act 2013. ♣ A Company can appoint either a Managing Director or a Manager. Interpretation: No Company shall appoint or employ at the same time a Managing Director and a Manager. ♣ Appointment of a Managing Director shall be for a term which must be less than or equal to 5 years. Important Note: The Company may re- appoint them for next term in one year of current term.
It is not in dispute that the period during which interim stay of the order passed by the court is in operation has to be excluded while computing the period of two years as limitation period prescribed for completing the block assessment.
