In this editorial author discuss the provisions under of I&B Code, 2016 in respect of different – 2 time limits mentioned under the Act i.e. Section 12. (1) Subject to sub-section (2), the corporate insolvency resolution process shall be completed within a period of one hundred and eighty days from the date of admission of the application to initiate such process.
The ‘I&B Code’ is a complete Code by itself. The provision of the Power of Attorney Act, 1882 cannot override the specific provision of a statute which requires that a particular act should be done by a person in the manner as prescribed thereunder. Therefore, we hold that a ‘Power of Attorney Holder’ is not competent to file an application on behalf of a ‘Financial Creditor’ or ‘Operational Creditor’ or ‘Corporate Applicant’
CA IPCC November 2017 exams completed on 16th Nov 2017. Approximately one lakh fifty thousand students attended the exams. Students who have written these exams are eagerly waiting for their CA IPCC exam result Nov 2017. Today we are discussing when will ICAI declare the results and how to check your CA IPCC result.
Undersigned is directed to state all Department Representatives of your region may be directed to not seek adjournments in cases listed before ITAT without a substantial cause or reason.
The implementation of Goods and Services Tax (GST), dubbed as the single-most important reform measure in the annals of Indias taxation regime, witnessed three State Finance Ministers express their views ranging from unprecedented in its adverse consequences, especially for the SMEs
Government’s assurance that depositors’ interest in case of a bank going down under would be fully protected should be clearly and unambiguously spelt out in the Financial Resolution and Deposit Insurance (FRDA) Bill and a clause that seeks to treat depositors as other creditors and shareholders for bail- in, must be removed, the ASSOCHAM said today.
These are bunch of seven appeals filed by the assessee as well as the Revenue for assessment year 2006-07, 2007-08, 2009-10, 2010-11 and 2011-12 . First we shall take up cross appeals field by the assessee as well as the Revenue in ITA 4284/Mum/2014 and 1807/Mum/2011 for assessment year ( AY ) 2006-07 respectively.
The Income Tax Appellate Tribunal recently ruled that the service tax collection shall be deducted from gross Receipts while computing the profit for the purpose of Section 44BB of the Income Tax Act, 1961.
The Goods & Service Tax Practitioners’ Association of Maharashtra, Mumbai has submitted its representation stating the need to change the system of filing returns under GST and accordingly the Association has given some suggestions.
1. Company proposes to offer compulsorily convertible debentures to its existing members i.e. Proposed Allottees on a preferential allotment basis. 2. Issue of debentures are governed by Section 71 of the Act, read with Rule 18 of The Companies (Share Capital and Debentures) Rules, 2014
