Meaning of Preference Shares: As per Explanation (ii) to section 42 of the Companies Act, 2013 (‘the Act’), the term preference shares mean and includes that part of the share capital the holders of which have a preferential right over payment of dividend (fixed amount or rate) and repayment of share capital in the event […]
Now the CBDT vide Notification No. 16/2019/F. No. 200/8/2018-ITA-I dated 8th March, 2019 has specified twenty lakh rupees as the limit for the purposes of Section 10(10)(iii) of the Income Tax Act, 1961 in relation to the employees who retire or become incapacitated prior to such retirement or die on or after the 29th day of March, 2018 or whose employment is terminated on or after the said date.
The Interim Budget 2019 did not propose any changes with respect to Indirect Tax. In as much as GST is concerned, the GST Council in its 28th meeting held on July 21, 2018, recommended certain amendments in the CGST Act, IGST Act, UTGST Act and the GST (Compensation to States) Act, 2017. These amendments were passed […]
Ministry of Corporate Affairs has revised the National Voluntary Guidelines on Social, Environmental and Economic Responsibilities of Business, 2011 (NVGs) and formulated the National Guidelines on Responsible Business Conduct (NGRBC). These guidelines urge businesses to actualise the principles in letter and spirit. These principles are: 1. Businesses should conduct and govern themselves with integrity in a manner […]
Unique Document Identification Number is an 18 Digit Number randomly generated through the UDIN portal on a predefined algorithm. The portal is available at https://udin.icai.org/ with exhaustive FAQs.
The Micro, Small and Medium Enterprise Development (MSMED) Act, 2006 protecting the interest of MSME by giving them privilege to get the payment with in time. The Act is not only gives them a shelter for getting payment but also facilitate them to get many privileges in different areas.
The best way to make your aging parents feel cared for is to give them a health insurance policy. A customized health insurance for senior citizens plans is critical; as it assures that they’re independent financially and taken care of in case of critical illness. With several health insurances for senior citizens available at your disposal […]
In accordance with Section 12 of the Companies Act, 2013, a Company shall have its registered office within a period of 30 days capable of receiving an acknowledging all communications and notices as may be addressed to it. It might happen that the Company intends to shift its registered office and accordingly, we shall discuss […]
Trade Credits can be raised under the automatic route up to the amount specified in the Annexto this circular and in compliance with the other applicable norms. The designated AD Category I bank while considering the Trade Credit proposal is expected to ensure compliance with applicable Trade Credit guidelines by their constituents. Any contravention of the applicable provisions will invite penal action or adjudication under the Foreign Exchange Management Act, 1999.
In re Shiva Writing Company Pvt. Ltd. (GST AAR West Bangal) In the Rate Notification ball point pens, classified under HSN 9608, are included under Sl No. 232 of Schedule II under the description: pens other than fountain pens, stylograph pens. The same Notification also mentions fountain pens, stylograph pens under Sl No. 447 of […]
