National Company Law Appellate Tribunal (NCLAT) held that Corporate debtor cannot maintain appeal under the Insolvency and Bankruptcy Code (IBC), 2016.
01. PIGEONS, were our original messengers and were deployed as Postman, for Strategic purposes, in the bygone days. Even today, some highly specialized eccentric people & some governments do strategically indulge in using Pigeons, as their clandestine messengers /postman. a) Pigeons are often found in pairs during the breeding season, but usually the pigeons are […]
It was just a week after the announcement of Notebandi [ its aftershocks still lingering in Indian Economy] I met Herambha Shastri . All of us may have good, bad or worst experience of Notebandi depending upon your stock of 500 and 1000 notes [out of 86% of total volume in the economy] on or after the fateful night 12.00 am of 8th November 2016.
Introduction Dividend in ordinary parlance is the portion of the profits of a Company which is distributed among its shareholders. Thus for a shareholder, dividend is the return on his investment in the Company. Dividend is declared on the face value of the shares. When a company earns profits, it can deal with the same […]
Sale of natural gas is liable to VAT @ 13.5% [Sch. Entry B-15]. However, with effect from 24th August 2017, natural gas sold to a manufacturer, certified by the Joint Commissioner of Sales Tax became liable to a lower rate of 3%, by virtue of a newly inserted schedule entry B-16 [Notfn. at reference 1], Benefit of this lower rate of 3% is available only if the purchasing manufacturing dealer is certified by the Joint Commissioner of Sales Tax in Proforma ‘A’.
Article discusses Impact of Companies Amendment Ordinance, 2018 which are Effective from November 2nd 2018. Vide Companies Amendment Ordinance, 2018, 31 amendments were made in Companies Act, 2013 which are discussed in the article. Companies Amendment Ordinance, 2018 Re-categorise compoundable offences to in house adjudication framework, Amends adjudication of penalties, Imposing penalty for repeat defaults, Enhances […]
Explore effects of excessive social media use on personal and professional lives. Discover the pros and cons of digital connectivity and ways to strike a healthy balance.
CBIC has Proposed 6 improvements in e-way bill generation with effect from 16.11.2018 which includes Checking of duplicate generation of e-way bills based on same invoice number, CKD/SKD/Lots for movement of Export/Import consignment, Shipping address in case of export supply type, Dispatching address in case of import supply type, ‘Bill To – Ship To’ transactions […]
Article explains What a taxpayer should do if he don’t have ‘Transporter Id’ but want to enter and generate ‘Part-A slip’, When to extend the validity of E Way Bill, What should be done if PIN code is shown as invalid, What to do if the total invoice value does not match with the sum […]
NFRA (National Financial Reporting Authority) has been notified in terms of Section 132 of the Companies Act, 2013. By reading this concise article, you will get to know about the Global Overseeing System (in America, UK and China) and the powers given in India to NFRA.
