"08 June 2020" Archive

Brief description on Registration, Modification and Satisfaction of charge

REGISTRATION OF CHARGES Pursuant to the provisions of Chapter VI [Registration of Charge] and The Companies (Registration of Charges) Rules, 2014  of the Companies Act, 2013 Brief description on Registration, Modification and Satisfaction of charge:- SECTION – 77 (Duty to Register Charges) It shall be the duty of every company creating...

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Posted Under: Company Law |

Auditor Appointment As Per Companies Act, 2013

We know that all big company are operated to earn profits apart from serving to society. And when it comes to profits, it directly relates to numbers i.e. financials of companies. The person who is responsible for financial working of the company. Auditor is eligible person, who audits the financial part and working of company. […]...

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Posted Under: Company Law |

Annual Compliance for Section-8 Company

Annual Filling is a mandatory for every company incorporated in India. The E-form filing along with the required documents must be filed with MCA. All companies registered under the Companies Act, 2013 or earlier like private limited company, one person company, limited company, and section 8 company is required to file MCA annual return ...

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Posted Under: Company Law |

Why prices of Gold Fluctuate ? All you Need to Know

GOLD With an annual demand equivalent to about 25 percent of the total physical demand worldwide, India is one of the largest consumers of gold. Traditionally, there is a surge in jewelery demand during the festive and wedding seasons, leading to a increase in gold prices. While the demand for gold has a role to play in […]...

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Posted Under: Company Law |

What information does Income Tax Department have about you? Individual Transaction Statements Vis a Vis Form 26AS

Income Tax is one of the most prevalent and the long standing tax in India accumulating more than 50% of revenue from taxes for the Central Government. Income tax is contributed by corporates as well as individuals. Surprisingly, a mere 2-3% of the individual population in India actually pays income tax. However, over the recent […...

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Posted Under: Company Law |

Analysis of Section 160 of the Companies Act, 2013

SECTION 160 OF THE COMPANIES ACT, 2013 This section basically deals with the rights of person other than retiring director under Section 152 of the Companies Act, 2013 INTENTION BEHIND THIS PROVISION??? Section 160 provides for right of any person (including Member or Non Member of the company) to stand for the position of a […]...

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Posted Under: Company Law |

No Service Tax on Loan Foreclosure charges collected by banks & NBFCs- CESTAT Larger Bench

Commissioner of Service Tax Vs Repco Home Finance Ltd. (CESTAT Chennai)

Foreclosure charges collected by the banks and non banking financial companies on premature termination of loans are not leviable to service tax under 'banking and other financial services' as defined under section 65 (12) of the Finance Act...

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Brief Analysis of Section 185 of Companies Act, 2013

SECTION 185 OF THE COMPANIES ACT, 2013 To understand this Section properly we can divide it into three parts: Part 1. Will describe that Loan or Advance cannot be given to individuals or Director. Part 2. Will talk about Loans to Private Company and Body Corporates subject to fulfilment of certain conditions. Part 3. Will […]...

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Posted Under: Company Law |

Conversion of Society into Section 8 Company

WHAT IS A SOCIETY? A Society is an association of persons united voluntarily to fulfil the need of an institution of non-commercial nature for promotion of numerous charitable activities like education, art, religion, culture, music and sport etc. As per Section 20 of Society Registration Act, 1860, a society can be formed for any of the...

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Posted Under: Company Law |

Shifting of Registered Office of Company | Companies Act, 2013

Background: Section 12 of the Companies Act, 2013 makes it mandatory for every company to maintain a registered office at all times which capable of receiving and acknowledging all communications and notices as may be addressed to it. The situation clause of Memorandum of Association contains the state in which the registered office of th...

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Posted Under: Company Law |

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