Article explains Deduction under Section 80DD: Expenses for Dependent Relative or Provision for the Same (Depends On Expenses Incurred / Contribution Made) and under Section 80U: For Disability of the Assessee Herself or Himself (Does Not Depend On Expenses Incurred/ Contribution Made). 1. Section 80DD: Expenses for Dependent Relative or Provision for the Same (Depends […]
CS Dr Vedula Gopinath, Advocate/Arbitrator Few people assume that management and corporate governance are synonymous but, both are distinctive and different wings of corporate body. In this article writer wishes to differentiate both the wings. In short, management is not merely the task of managing the business, it is an essential accompaniment of all social […]
Due to the COVID-19 pandemic many government departments have provided multiple relaxation in dates of filing documents or information in order to provide ease to the business operator who are facing difficulty in this lockdown situation. The Ministry of Corporate Affairs also watching difficulty of the business have provided relaxation in the Name Reservation service […]
NIDHI COMPANY Nidhi Company under Companies Act 2013 is governed under section 406 of the Companies Act 2013. The first Rules for Nidhi Company came into effect from 1st Day of April 2014, vide notification dated 31st March 2014, hence called as Nidhi Company Rules 2014. The said rules are applicable to (RULE 2 OF […]
Detailed Analysis of Section 92 (Annual Return) along with below details (a) Latest Amendment along with Rules. (b) Companies Amendment Bill 2020 and MCA Circular on CFSS Scheme 2020. What is an Annual Return? (Section 92(1)) Is it Mandatory for Every Company? > An Annual Return is a snapshot of certain company information as they […]
Extension of Due Date for Companies whose Financial year has ended on 31/12/2019 Considering the rapid spread of the novel Corona Virus (COVID-19) in India, its declaration as pandemic by the World Health Organization and notified disaster by the Government of India and on receipt of various representations from the stakeholders in relation to holding […]
Ministry of Corporate Affairs (MCA) has made amendments under Schedule III of the Companies Act, 2013 and read with notification S.O. 368(E) dated 22nd January, 2019 and introduced Companies (Furnishing of information about payment to micro and small enterprise suppliers) Order 2019 thereby notified filing of Form MSME-1. Under Form MSME -1 The companies are […]
Q.1 What is the difference between SPICe and SPICe+? While SPICe is an eform, SPICe+ is an integrated Web form offering 10 services by 3 Central Govt Ministries & Departments. (Ministry of Corporate Affairs, Ministry of Labour & Department of Revenue in the Ministry of Finance) and One State Government (Maharashtra), thereby saving as many […]
As the name suggests, One Person Company is a type of Private Company which can be formed only by a Natural Person who is resident of India. One Person will act as the Director as well as shareholder of the Company. As the concept of OPC is quite famous and prevailing in outside countries also, […]
1. Ensure that a special notice for the removal of a director is furnished by number of members in accordance with the section 115 of Companies Act, 2013 to the company at least 14 days before the meeting at which it is to be moved. 2. (a) Ensure that the notice for removal of a […]
