Director’s Fiduciary Duty: Understanding the Trust Issues between a Director and a Company In this article, we discuss the importance and relevance of fiduciary duties owed by a director to a company in great detail with the help of two case laws. The first case law is a landmark judgment given by the House Of […]
Substantial Acquisition of shares, Voting Rights or Control under SEBI (SAST) Regulations, 2011 Offer Size 1. Regulation 7(1) Minimum offer size shall be 26% of the total shares of the Target Company. Open offer under regulation 3, 4 for this min. offer size shall be made as on the 10th working day from the closure of the […]
Order Under Section 132(4) of the Companies Act in respect of the Show Cause Notice issued to CA Shrenik Baid (Membership No 103884) Extract from the order D. PENALTY 199. As discussed in detail in the above paras, the charges framed against CA Shrenik Baid in the SCN have been held to have been proved. […]
1. Society self-Redevelopment GST Registration Yes, GST registration in case construction services is compulsory. As society going to sell flats to outsiders as well and that would be more than Rs. 20 Lakhs. GST Rate GST rate will be 1% if its cover under affordable housing scheme or else 5% GST rate will be applicable. […]
AGILE PRO- INC-35 Under the scheme of ease of doing business, MCA has launched e-form AGILE PRO (Application for Registration of the Goods and Services Tax Identification Number (GSTIN), Employees’ State Insurance Corporation (ESIC) registration plus Employees Provident Fund Organization (EPFO) registration). Any user intended to incorporate a Company through Spice+ can now apply for GSTIN […]
Incorporation of a LLP What is LLP? LLP is a body corporate formed and incorporated under LLP Act, 2008. It is a legal and separate entity from that of its partners. Benefits of LLP: LLP has a benefit of being a separate Legal Entity and liability and responsibility of every partner are limited to the […]
Cooner Institute of Health Care And Research Centre Pvt. Ltd. Vs ITO (Delhi High Court) Delhi High Court Direction To Release Refund Withheld Without Valid Reasons And Based On Flawed Assumption only ground for withholding refund is that since case of the petitioner has been selected for scrutiny for AY 2018-19, under Section 143(2) of […]
Madras High Court upheld the requirement which mandates that the IP should pay a fee calculated at 0.25% of the professional fee earned for services rendered as an IP in the preceding financial year to the IBBI.
In today’s time, you may have become habitual of hearing the word “cloud” and would be curious to know if it’s safe for your business. Well, cloud is one of the few things that give your business functions a unified platform for multiple solutions, safely stores data, and lets you access your operations anytime from […]
1. Introduction The present paper aims to analyse the Tribunal, Appellate Tribunal, and other Authorities (Qualifications, Experience, and other Conditions of Service of Members) Rules, 2020 which were passed by the Ministry of Finance. The analysis will be primarily done by looking at how the rules have responded to Supreme Court Decision in the case […]
