"05 May 2018" Archive

National & State GST Appellate Tribunal challenged: Gujarat HC issues notice (Read Petition)

National and State GST Appellate Tribunal challenged: Gujarat HC issues notice to Centre, State and Council (Read Petition) Petition challenging the provisions of National and State GST Appellate Tribunal challenged before Gujarat High Court and the Hon’ble Court had issued notices to Central Government , State Government and GST Counci...

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ICAI compliments Union Cabinet for Approving MoU with SAICA

The Union Cabinet chaired by Hon'ble Prime Minister Shri Narendra Modi has approved the Mutual Recognition Agreement between the Institute of Chartered Accountants of India (ICAI) and The South African Institute of Chartered Accountants (SAICA) to establish a mutual co-operation framework for the advancement of accounting knowledge, profe...

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Managing/ Whole time Director Under Companies Act, 2013

Section 170(2) A return containing such particulars and documents as may be prescribed, of the directors and the key managerial personnel shall be filed with the Registrar within thirty days from the appointment of every director and key managerial personnel, as the case may be, and within 30 days of any change taking place....

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Conversion of Partnership firm into Company

Ministry of Corporate Affairs allowed conversion of Partnership Firm into Company under Companies Act, 2013, for such conversion there is need to prepare a list of documents and required to file the same with ROC in forms like URC-1, INC-32, INC-33 and INC-34 etc. While conversion there is need to consider the implications of income Tax p...

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Conversion of LLP into Company under Companies Act, 2013

Ministry of Corporate Affairs has passed a notification on 31st May, 2016 in such notification its allowed conversion of LLP into Company. For such conversion there is need to prepare a list of documents and required to file the same with ROC in forms like URC-1, INC-7, DIR-12, INC-22 etc. ...

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Incorporation of Non-Profit Company Section 8 Company

Moving from the Companies Act 1956 to the Companies Act 2013 is like shifting from your old house to a new one. All the provisions become changed with new Act, 2013. Due to new act many amendments were introduce by Central Government from time to time by Notification, Amendments etc. Same like this many amendments […]...

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Legitimate Entities To Loan u/s 185 of Companies Act, 2013

The main focus of this research editorial is on Which are the entities to whom Company can give Loan/ Guarantee/ Security etc under Section 185 of Companies Act, 2013 as substituted by Companies (Amendment) Act, 2017 (Loan to Directors and entities in which directors are interested). ...

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18% GST payable on railway track maintenance work: AAR

In re Sreepati Ranjan Gope & Sons (AAR Kolkata)

The Applicant, stated to be an enlisted contractor engaged by the Railways for maintenance work of railway tracks, wants a ruling on the Classification and Rate of Tax when maintenance of railways tracks is done by them by providing contractors labour only in cases where the Railways supply materials free of cost and when maintenance of r...

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Loan to Subsidiary/ Wholly Own Subsidiary U/s. 185(3) of Companies Act, 2013

Short Summary In this Research editorial, the author begins by referring the provisions of Section 185(3) of Companies Act, 2013 as amended by Companies (Amendment) Act, 2017 (Loan to Directors and entities in which directors are interested). The main focus of this research editorial on “Whether a Company can give Loan/ G / S to [&helli...

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Loan to Group Companies U/s. 185(2) of Companies Act, 2013

Whether a Company can give loan to other Companies or Body Corporates in which their directors are interested” If NO, why? If yes, then what are the Compliance a company required for the same...

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