Board Meeting as per Companies Act, 2013 and Secretarial Standard issued by ICSI. The Board of Director of the Company is primarily an oversight Board. It oversees the management of the company to ensure that the interest of non-controlling shareholders is protected. 1. Frequency of Board Meeting: 1. First Board Meeting (BM) should be held […]
Section-wise Commentary on The Integrated Goods and Services Tax (Amendment) Act, 2018 THE INTEGRATED GOODS AND SERVICES TAX (AMENDMENT) ACT, 2018 No. 32 OF 2018 [29th August, 2018.] An Act further to amend the Integrated Goods and Services Tax Act, 2017. BE it enacted by Parliament in the Sixty-ninth Year of the Republic of India […]
Sectionwise Commentary on The Central Goods And Services Tax (Amendment) Act,2018 THE CENTRAL GOODS AND SERVICES TAX (AMENDMENT) ACT, 2018 (NO. 31 OF 2018) [29th August, 2018] An Act further to amend the Central Goods and Services Tax Act, 2017. BE it enacted by Parliament in the Sixty-ninth Year of the Republic of India as follows:- […]
The objective of this document is to summarize all the updates of GST (Notifications, Circulars, other amendments and updates of GSTN and E-way bill portal) in one place. A. GST Notifications I. Notification No. 1/2019 – Central tax dated 15 Jan.2019: Notification No.01/2019 was issued to amend the conditions for treating the Supplies made against […]
‘A’ is an entrepreneur from Gujarat. His Company owns a Five Star Hotel, Marriage Garden & a Convention Centre in M.P. As the GST is still at nascent stage, he has following three queries: Query No. 1: Hotel is having different categories of rooms. The tariff of Executive Room is Rs.10000.00 per night over which […]
Article discusses Changes in Provisions related to Directors Responsibilities as amended by Companies (Amendment) Ordinance, 2019. It discusses amendments related to Declaration by the Director under New Section 10A, Punishment for contravention under Section 159, Number of Directorships, Payment to director for loss of office, etc., in connection with transfer of undertaking, property or shares, […]
It is, therefore, essential that an IP is familiar with the processes and procedures followed for filing and submission before the NCLT. In furtherance of this, at the request of the IBBI, the NCLT has kindly agreed to allow a newly registered IP to attend and observe the proceedings of NCLT for five days.
CBIC notified the applicability of CGST (Amendment) Act, 2018 with effect from 1st day of February, 2019 vide Notification No. 02/2019. The major changes with effect from 1st February, 2019 are enumerated here below: 1. Section – 2, Amendment of Definitions The definition of the term “adjudicating authority” has been amended by replacing the words, […]
Recognising India’s Entertainment Industry as a major job sector, the Finance Minister declared extension of single window clearance for film shoot to Indian filmmakers. “Single window clearance for ease of shooting films, available only to foreigners, is now going to be made available to Indian filmmakers as well,
Fiscal Programme for 2019-20 and beyond Fiscal deficit pegged at 3.4% of GDP for 2019-20 In 2019-20 be, total expenditure rises by 13.30% over 2018-19 re 35.6% increase in allocation for welfare of SCs, 28% for STs Disinvestment target of Rs. 90,000 Crore set for 2019-20 The Interim Budget 2019-20 has pegged the fiscal deficit for the […]
