The dissolution of a partnership firm is said to be dissolved when the relationship between the partners is terminated. In case of dissolution, the firm ceases to exist. The process of dissolution includes disposing of the assets and the liabilities are paid off. The firm discontinues all of its activities and no partner has any […]
Pyaridevi Chabiraj Steels Pvt. Ltd. Vs National Insurance Co. Ltd. (NCDRC) The National Consumer Disputes Redressal Commission (NCDRC) vide its Order dated 28th August, 2020 in ‘M/s Pyaridevi Chabiraj Steels Pvt. Ltd v/s National Insurance Company Ltd. & 3 Ors.’ (Consumer Case No. 833 of 2020) clearly differentiated in the pecuniary jurisdiction of Consumer Disputes […]
A Loan DSA, also known as Direct Selling Agent, is an individual who works as a referral agent for any financial institution or a bank. The objective of a Direct Selling Agent is to identify and find potential customers for the NBFCs or banks that they represent. In order to carry out this task, the […]
As far as the payment of remuneration to a Director is concerned he is not offering any specific independent services to the company but working as an ordinary employee in the ordinary course of business and gets the salary regularly like ordinary employees.
Trust, Society and Section 8 Company can seek registration u/s 12A to claim exemption under provisions of Income Tax Act’1961, if certain conditions are satisfied. Section 12A deals with registration of trust and section 12AA deals with procedure for registration of trust.
Prima-facie, Star Export House status and AEO may appear similar in providing preferential treatment to exporters/importers however, there are many differentiating factors. A comprehensive analysis highlighting the key features of both schemes are captured in the below table-
Since past two-decade, software industry has undergone tremendous technological changes and accordingly such industry has emerged to be one of the fastest growing industry worldwide. India being a developing country provides ample opportunities for Multi-national Enterprises (MNEs) to expand their business in India. The technological advancement has acquainted such MNEs to expand with negligible physical […]
Definition of Capital Goods [Section 2(19)] “Capital goods” means goods, the value of which is capitalized in the books of account of the person claiming the input tax credit and which are used or intended to be used in the course or furtherance of business. Goods will be regarded as capital goods if the following […]
41st GST Council meeting outcome : Key highlights dated 27th August, 2020 The 41st GST Council met under the Chairmanship of Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman via video conferencing today i.e. 27th day of August, 2020. Shri Anurag Thakur and Finance Ministers of States & UTs and Senior officers from Union […]
The Council of the Institute of Company Secretaries of India, pursuant to clause (b) of sub-section (1) of Section 16 read with sub-section (1) of Section 21 of the Company Secretaries Act, 1980, has designated Shri Ashok Kumar Dixit, Joint Secretary as the Director (Discipline) of the Institute of Company Secretaries of India w.e.f. 1 st September, 2020, in place of Ms. Meenakshi Gupta.
