Section 73 to 76 of the Companies Act, 2013 read with Companies (Acceptance of Deposits) Rules, 2014 made under Chapter V of the Act regulate the invitation and acceptance of deposits. It prohibits acceptance of deposits except from the members through ordinary resolution or acceptance deposits by ‘eligible company’ being a public company, subject to […]
Responsibility and Liability of GST compliance (GST returns, make payment of tax and meet all other compliance as per the GST law) delegate to IRP/RP during the CIRP period. The IRP/RP must follow a prescribed procedure for compliance. Further, he must take a new registration under the GST Act within 30 days of the appointment of the IRP/RP.
When is the New Personal Tax Regime under Section 115BAC Beneficial? An In-depth Break-Even Point Analysis Friends, with the blessings of the Almighty, we will soon battle out and overcome this unfortunate COVID-19 outbreak and the current essential lock-down period will also pass shortly. 1. The new FY 2020-21 corresponding to the AY 2021-22, has […]
The Institute of Company Secretaries of India (ICSI) is the only recognized professional body in India to develop and regulate the profession of Company Secretaries in India. It is a premier national professional body set up under an act of Parliament, the Company Secretaries Act, 1980. ICSI functions under the jurisdiction of the Ministry of […]
During the course of entering into a business relationship or during the existence of a business relationship amid the parties – It is common for the parties to exchange certain confidential information with each other. Accordingly, the parties will execute a non-disclosure agreement (NDA) to protect the confidential nature of the information exchanged amid them […]
Each transaction of supply of goods/services will involve two aspects supply of goods/ services by the Supplier and acceptance of such goods/services by the Customer. Typically, the Supplier and the Customer will enter into a Master Service Agreement (MSA) for the provision of supply of certain goods/services. Pursuant to MSA, the Supplier will supply the […]
SPICE+ (PLUS) FORM (New Web Based Form for Company Incorporation) INTRODUCTION OF NEW WEB BASED SPICe+ FORM Keeping in view the ease of doing business, new form SPICe+ is notified for the incorporation of a company and incidental registrations. The form SPICe+ replaces the existing SPICe form. While SPICe is an E-form, SPICe+ is an integrated Web […]
Debentures are of two types, namely convertible debentures and non-convertible debentures (NCD). Non-convertible debentures (NCD) are fixed-income instruments, usually issued by high-rated companies in the form of a public issue to accumulate long-term capital appreciation. Article compiles Obligations of Listed Entity which has Listed its Non-convertible debentures. Obligations of Listed Entity which has Listed its […]
Goods & Service Tax Act was introduced with an objective to provide a simpler and transparent taxation system. GST is a path-breaking indirect tax reform that attempts to create a common national market. GST has subsumed multiple indirect taxesand the focus of the GST was to bring all assesses under a single tax structure and simplified return filing mechanism.
The AAAR has not considered that the concept of GST is based upon the value added tax. While collecting the reimbursement of expenses for the common facilities and services, there is no element of any value addition. Hence, any interpretation against the basic philosophy of the tax is not tenable.
