In Furtherance to its Circular No 11/2020, dated 24th March 2020 & in order to provide the opportunity to the defaulting companies to make a fresh start by filing all the belated documents Scheme has been introduced namely the Companies Fresh Start Scheme, 2020 notifying in Vide Circular No. 12/2020 dated 30th March 2020 of […]
Subject to the current situation due to COVID-19 SEBI has decided to grant the one time relaxations from strict enforcement of the certain requirements of SEBI (Issue of Capital and Disclosure requirement) Regulations 2018, relating to the Right Issue upto 31.07.2020.
India has known to be an Entrepreneurs country and in fact, there is no hidden fact that Entrepreneurs are born in India. However, with changing times and laws and its impact, the Traditional Entrepreneurs are not getting themselves upgraded or changed with the system and this has affected them a lot in many ways. I […]
Date of Amendment in the definition of MSME : On 13.05.2020, Finance Minister Smt. Nirmala Sitaraman added the additional principle of Turnover along with the Investment, under definition of the MSME. Purpose: > To refine the business scenario for Indian enterprises. > To Change the Criteria to classify MSME from “INVESTMENT IN PLANT AND MACHINARY […]
What is Form 11 LLP? Form 11 is Form for filing Annual Return of Limited Liability Partnership (LLP) with the Registrar. When is Form 11 required to be filed? Form 11 is to be filed within 60 days of closure of its financial year. Therefore, the due date is 30th May. Is the due date […]
Reassessment was justified by the income tax department against former Indian Cricket Team Captain Krishnamachari Srikanth and non compete fee of Rs. 7.50 crores was exempt from tax being capital receipt;
Clarification On Dispatch Of Notice Under Section 62(2) By Listed Company For Right Issue Opening Upto 31st July. 2020. Pursuant to Section 62(2) of Companies Act, 2013 whenever Company increases its subscribed capital by issue of further shares to persons who at the date of the offer, equity holders of the company in proportion, as […]
The issue under consideration that whether the Department was justified in disallowing the refund of claim on the ground that the petitioner was still in business and was adjusting the amount regularly?
As such the Development Commissioner appointed under section 11 of the Special Economic Zones Act, 2005 is neither a proper officer within the meaning of Section 2(34) the Customs Act, 1962 nor a Central Excise Officer for the purpose of Section 11A of the Central Excise Act, 1944, to demand excise duty vide impugned show cause notice.
CLARIFICATION ON DISPATCH OF NOTICE UNDER SECTION 62 (2) OF COMPANIES ACT, 2013 BY LISTED COMPANIES FOR RIGHT ISSUE OPENING UPTO 31ST JULY, 2020 As per section 62 (1) (a) (i) of companies act, 2013 any company having a share capital proposes to increase its subscribed capital by issue of further shares, such shares shall […]
