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Archive: 31 July 2020

Posts in 31 July 2020

Annual General Meeting – Provisions, Late Holding & Compounding

July 31, 2020 78090 Views 4 comments Print

A meeting means ‘an assembly of people for a particular purpose, especially for formal discussion.’ The Company meetings must be convened and held in compliance with the provisions of the Companies Act. 2013 and the rules framed there under. Annual General Meeting (AGM) Annual General Meeting by its name says that it is to be […]

Govt working with RBI on Industry’s need for loan restructuring: FM

July 31, 2020 384 Views 0 comment Print

Union Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman today said that the government is working with RBI on the Industry’s need for the restructuring of loans due to the COVID-19 impact. 

Section 54F Exemption on Investment in House Property in USA Prior to 01.04.2015 allowable

July 31, 2020 2040 Views 0 comment Print

The issue under consideration is whether the assessee is entitled to claim exemption u/s 54F of the Income Tax Act in respect of investment made in the house property in USA?

Holding of Annual General Meeting through Video Conferencing and Other Audio Video Means

July 31, 2020 6840 Views 2 comments Print

In regard to the obstacles faced by the companies due to of the COVID-19 pandemic, the Ministry of Corporate Affairs (‘MCA’) accessing the practicality of the situation, in view of continuing restrictions on the movement of persons at several places in the country issued General Circular No. 20/2020 dated 05.05.2010 allowing the companies to conduct […]

Comparison between Liaison Office, Project Office & Branch Office

July 31, 2020 5925 Views 0 comment Print

Liaison Office Companies incorporated outside India can open ‘Liaison Office’ (also known as representative office) in India. Liaison office is a place of business to act as a channel of communication between the principal place of business or Head Office.  The Liaison office can undertake only liaison activities, it is not allowed to undertake any […]

Tariff Notification No. 65/2020-Customs (N.T.), Dated: 31.07.2020

July 31, 2020 366 Views 0 comment Print

Tariff Notification No. 65/2020-Customs (N.T.), Dated: 31.07.2020 in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver – Reg.

Deployment of e-form PAS-6 for filing by MCA

July 31, 2020 1635 Views 1 comment Print

Deployment of e-form PAS-6 for filing by Ministry of Corporate Affairs (MCA) Ministry of Corporate Affairs (MCA) with effect from July 15, 2020, has made available, an e-form PAS-6 for filing purpose on its website. Before understanding the filing purpose of e-form PAS-6, let’s understand the background first. Background Rule 9A of Companies (Prospectus and […]

Family arrangement is a memorandum of settlement does not require registration-SC

July 31, 2020 33993 Views 0 comment Print

The issue before the Court was whether a memorandum of settlement required registration as by way of said document the interest in immovable property worth more than Rs.100/­ was transferred in favour of the plaintiff

Indian economy: Energy angle- Renewable energy with latest guidelines

July 31, 2020 627 Views 0 comment Print

At the request of my daughter, who is an international scholar on renewable energy and trying to increase zero-emission of CO 2 by establishing new products in the market on the behalf of her company, the following article is being written on renewable energy journey made by India and its ambitious targets to be achieved […]

ITAT extends Stay of demand as Delay was Not Attributable to Assessee

July 31, 2020 2052 Views 0 comment Print

Infosys Ltd. Vs The ACIT (ITAT Bangalore) The issue under consideration is whether the stay application seeking an extension of the stay approve by the Tribunal? In the present case, the assessee submitted that the appeal had been fixed for hearing on January 20, 2020, when the earlier stay order was passed. Thereafter, the case […]

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