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Archive: March, 2021

Posts in March, 2021

5 Benefits of an exclusive loan for chartered accountants

March 22, 2021 28917 Views 1 comment Print

Today, many lenders offer exclusive loans for chartered accountants, which consider their financial standing and unique needs. The features of a CA loan include a high sanction, a long repayment tenor, and quick disbursal. They align themselves well with business goals such as expansion, software integration, upskilling, and recruitment, as well as with personal goals […]

ICSI relaxes requirement of Pre-Examination Test & One Day Orientation Programme

March 22, 2021 3795 Views 1 comment Print

Temporary Relaxation for complying with the requirement of Pre-Examination Test and One Day Orientation Programme for enrollment to June, 2021 session of CS Examinations

Benefit of considering CS qualification as Post Graduate degree to CS

March 22, 2021 4581 Views 0 comment Print

Considering CS qualification as Post Graduate degree will benefit our members in the following manner: 1. The Members of ICSI will be eligible to appear for UGC (NET) which is required for appointment of Assistant Professors/ Associate Professors/ Professors in higher educational institutions.

Format of Resignation Letter by Director

March 22, 2021 214651 Views 0 comment Print

Date: ———— To The Board of Directors [Name of the Company] [Address———-] Sub: Resignation Letter Dear Sir/Madam, I, ———————- R/o —————————————————–, due to personal and unavoidable circumstances, I do hereby tender my resignation from the Directorship of the Company with immediate effect. Kindly accept this letter as my resignation with immediate effect from the post […]

Newly Inserted Sections in Direct Taxes by Finance Act, 2021

March 22, 2021 18039 Views 1 comment Print

In view of the recent changes, the following data provides summary of newly Inserted Sections in Direct Taxes by Finance Act, 2021. Please provide your valuable insights and queries in the comments section. Insertion of New Sections under Direct Taxes by Finance Act, 2021 Summary of Inserted Sections: Section Number Name of Section Section 89A […]

The Wages Code 2019 -Your Take Home Salary May Decline

March 22, 2021 16387 Views 0 comment Print

THE CODE ON WAGES, 2019 Section Sec-1 “Short title,extent and commencement.” (1) This Act may be called the Code on Wages, 2019 (2) It extends to the whole of India (3) It shall come into force on such date as the Central Government may, by notification in the Official Gazette appoint; and different dates may […]

Summary of significant rulings on IBC

March 22, 2021 9273 Views 0 comment Print

1. Significant Supreme Court Judgments: Arun Kumar Jagatramka vs. Jindal Steel and Power Ltd. & Anr. (15 March, 2021): The prohibition placed by the Parliament in Section 29A and Section 35(1)(f) of the Code must also attach itself to a scheme of compromise or arrangement under Section 230 of the Companies Act, 2013, when the […]

National Bank for Financing Infrastructure & Development Bill, 2021 introduced in Lok Sabha

March 22, 2021 1068 Views 0 comment Print

National Bank for Financing Infrastructure & Development Bill, 2021 establish the National Bank for Financing Infrastructure and Development to support the development of long term non-recourse infrastructure financing in India including development of the bonds and derivatives markets necessary for infrastructure financing and to carry on the business of financing infrastructure and for matters connected therewith or incidental thereto.

Composite services with training services as principal supply classifiable under SAC 999294 

March 22, 2021 1723 Views 0 comment Print

In re Prettl Automotive India Pvt. Ltd. (GST AAAR Maharashtra) It is observed that all the activities being carried out by the Appellant are either ancillary or incidental to the principal supply, which in this case, is the supply of training services since it is not in dispute that all these activities carried out by […]

Startup India Registration – Process and Benefits

March 22, 2021 4752 Views 0 comment Print

In India, population of youngsters is very high and maximum of youngsters have a dream to become entrepreneur. Some of them have a workable business idea in their mind and on paper but due to shortage of funds they face challenges in converting that business idea into reality. To help these entrepreneurs, the Government of […]

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