Notification No. 02/2019 (Central Tax) to 06/2019 (Central Tax) have been notified giving effect to the changes approved by the GST Council in last meetings. Further, Provisions of the Central Goods and Services Tax (Amendment) Act, 2018 has also been made effective so far. Notifications wise analysis are discussed below:
Adoption of ICAI Software on Allotment of Statutory Bank-Branch Audit by Banks As you know, we have over the years expressed our concern on the appointment of auditors of public sector banks by Banks’ Board themselves and on the autonomy given to them.
With the deadline until which valuation services are permitted to be rendered without registration under Insolvency and Bankruptcy Board of India (IBBI) i.e. 31st January 2019, it is most important now than ever to know the provisions of the Companies Act, 2013 (the Act) which either recommend or mandate a valuation report by a registered […]
Once the financial statements were ratified by the shareholders, assessee had no right to modify the profit declared as per Companies Act and adopt differently for the purpose of MAT provisions. Therefore, the profit adopted by the company in the AGM overlooking the qualification of auditor was the final book profit for the purpose of section 115JB, assessee could not alter the same by claiming that it had not followed certain Accounting Standards.
Trademark is essentially another word for brand or brand name. A trademark can be any name, word, symbol, slogan, or device that serves to both identify and distinguish a business or product from others in the market. Once you have trademarked your business, if someone else makes an attempt to use something similar enough to […]
No one is spared from the possibility of a financial crisis where a person has to fulfill major expenses. Although most of us have savings to defend expenses, it could be insufficient at a time! Hence most Public and Private Banks and Non-Bank Financial Companies (NBFC) avail personal loans at affordable rates and at a […]
Cushman And Wakefield India Private Limited Vs Union of India & Anr (Delhi High Court) The issue which falls for consideration is in a very narrow compass, whether a company, other than a subsidiary company, joint venture or associate of other company forms a separate class for the purpose of eligibility for registration as a […]
Companies have to disclose money which is not deposits in terms of The Companies (Acceptance of Deposits) Rules 2014 as amended by Companies (Acceptance of Deposits) Amendment Rules, 2019 under Companies Act, 2013. The government wants to know the information about outstanding receipt of money or loan by a company but not considered as deposits, in terms […]
1. What is Due Diligence? Due diligence refers to the process of investigation or audit of a deal or investment opportunity which helps a buyer with an assurance of what they are buying. It basically refers to the process of investigating any business or person before signing a contract. 2. Why is Due Diligence Important […]
Bombay High Court has held that the mere fact that an agreement for sale of property is registered does not make it a conveyance, if such agreements is conditional and possession is not transferred to purchaser.
