Responsibilities of CFO/CEO Under Companies Act, 2013 & SEBI (LODR) Regulations, 2015 The definition of the term Key Managerial Personnel is contained in Section 2(51) of the Companies Act, 2013. The said Section states as under: “key managerial personnel”, in relation to a company, means— (i) the Chief Executive Officer or the managing director or […]
Section 43 of The Real Estate (Regulation and Development) Act, 2016 contemplates establishment of the Real Estate Appellate Tribunal as a first appellate forum to deal with grievances against any direction or decision or order made by the Real Estate Regulatory Authority or by an Adjudicating officer, under the Act. In pursuance, thereof the government […]
Are you a start up? Here’s a list of registrations you need to obtain to start your business. What Is a Startup? A startup typically means a company that is in the first stage of its operations. A startup is a young company that is just beginning to develop. Startups are usually small and initially […]
Article answers some of FAQs on Indian Subsidiary and Company Registration in India for a non-resident or a foreigner wanting to get started with company registration in India? Here we have made a compilation of the Most Frequently Asked questions. Q1) We are a company operating outside India. Can we start a business in India […]
Article explains How to Register a Private Limited Company in India and also answers some of the FAQs related to Private Company Registration in India under Companies Act, 2013.
Mandatory Requirement To Obtain Legal Entity Identifier (LEI) Code Pursuant To RBI Circulars/ Instructions Legal Entity Identifier (LEI) is a 20-character unique code which every company is required to obtain who are parties to financial transactions. The concept of LEI and its deadlines are issued pursuant to RBI circulars dated 29.11.2018 vide web link https://taxguru.in/rbi/legal-entity-identifier-code-participation-non-derivative-markets.html & […]
There are various perquisites which are provided by the employer to employee during the year. Motor car as a perquisite is one of the famous perquisites provided by employer. Generally, this kind of perquisite is provided to senior employees of the organization. The taxability of perquisites is covered under Rule 3 of Income Tax Rules, […]
CBCI has clarified on its Twitter handle that FORM GSTR-1 late fee waiver scheme has ended on 17th January 2020 and No further extension has been given. CBIC further clarified that a A fake tweet in this regard has been circulating in social media in which it is said that due date is been extended […]
The Mumbai Central Commissionerate has unearthed a multi-crore tax evasion racket that has been found to be transporting jewellery goods without paying GST, employing a unique modus operandi. Ministry of Finance Multi Crore Tax Evasion Racket by Jewellers with unique modus operandi unearthed by Mumbai GST Commissionerate Posted On: 18 JAN 2020 Mumbai, January 18, […]
Threashold limit for registration under GST on services should be enhanced from Rs 20 Lakhs to Rs 40 Lakh on the line of Traders and Manufacturers. The exemption limit for personal income tax should be 5 lakhs for the trader who carry on business under proprietorship, or is a partner or is a director in company which is registered under GST.
