"21 March 2020" Archive

Key Managerial Personnel under Companies Act, 2013

Every company has top managerial personnel who takes decision and are responsible for the functioning as well as growth of company. The bigger company the bigger responsibility of Board of Directors. In such a scenario, number of actions and functions are performed in a company on daily basis and for more smooth execution, Board of [&hell...

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Posted Under: Company Law |

Letter to PM Requesting moratorium on all Government and Banking Compliance

It is indeed heartening to see that realizing the gravity of the situation created by the exponential spread of Carona Virus, you have addressed the nation to remain alive to the danger and have suggested several measures in your address on 19.03.2020. Among other resolves you have also asked the business community to take a […]...

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Posted Under: Company Law |

Government facilities for Startups

Diversification in the number of fields in which humans can prosper into has ultimately resulted in a handsome amount of startup companies, as a healthy competitor to the globe. The emergence of a novel idea for a business will be of no use when let shattered away just because of the legal procedures to attain […]...

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Posted Under: Company Law |

Draft Work from Home Policy

In the light of ongoing situation of CoVID-19 global pandemic, several business houses are encouraged and many have indeed allowed a work from home policy. This is a draft ‘Work from Home Policy’ document which can be customized and altered as per requirements. This does not constitute professional advisory or recommendation. ...

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Posted Under: Company Law |

MSME SAMADHAAN- Way to recover pending dues from Customers by MSME Vendors

The Indian government has taken so many initiative to protect the payments of registered Micro, Small or Medium Enterprises (MSMEs).  A company or any other entity who have registered themselves under MSME and facing problems to recover long pending dues from their customers may approach the MSME department to take action against them. F...

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Posted Under: Company Law |

Criminal and civil liability for MIS-statements in prospectus

Criminal liability for mis-statements in prospectus Where any PROSPECTUS, includes any statement which is untrue or misleading or where any inclusion or omission of any matter is likely to mislead, every person who authorizes the issue of such prospectus shall be liable under section 447: NOTE: Nothing in this section applies to a PERSON...

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Posted Under: Company Law |

File TDS Return – Without any Expenses on software purchase

TDS Return filling – Easiest way by Government software : Free Under this article we will discuss about the way to file TDS Return without buying any software. As you know if you have to file your TDS Return ,you have to buy a Software for return preparation and FUV file Generation . There are […]...

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Posted Under: Company Law |

5 Ways People Use to Convert Black Money into White Money

The Article no ways encourage taxpayers to use any of the below methods. The Article is just to let people know about what others are doing to convert their Black Monet into white money currently in India. In addition to those mentioned below there are many other methods which people use to convert their black money into white money....

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Posted Under: Company Law |

Section 234E – How to pay Fees for Late filing of TDS Statement?

Download the Justification Report from TRACES portal to view your latest outstanding demand. On downloading the Justification Report.Use Challan ITNS 281 to pay the above with your relevant Banker or use any other Challan, which has adequate balance available...

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How to account Income Tax Provision, TDS & Advance Tax

[1] Provision for Income Tax : This provision is created from profit. This is below the line entry. After adjusting necessary items from gross profit, ( e.g. depreciation booked in books of accounts and depreciation allowable as per income tax rules ) taxable income arrives. On that taxable profit we have to make provision for income tax ...

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