SC held that (i) prohibition placed by the Parliament in Section 29A and Section 35(1)(f) of the Insolvency and Bankruptcy Code, 2016 (IBC) must also attach itself to a scheme of compromise or arrangement under Section 230 of the Companies Act, 2013 (Act of 2013), when the company is undergoing liquidation under the auspices of the IBC,
The greed and avarice of the human being have been geneses of the gambling and betting in the society and their presence may be noted worldwide without knowing geographical boundaries. In ancient times, the number of precedents in the epics are found to show the practice of gambling and betting in vogue despite considering the […]
√ In past few years, female literacy rate in India has been increased very sharply. Now, women are actively participating in Jobs and in business as well. We know many famous women entrepreneurs like Vandana Luthra founder of VLCC, Priya Paul, Radhika Ghai Aggarwal Co-Founder Shopclues.com etc. These women entrepreneurs are inspiration for all females, […]
Tek Chand Vs ITO (ITAT Chandigarh) The A.O. obtained the approval of the PR. CIT before issuing the notice under section 148 of the Act. The proposal dt. 11/03/2016 seeking the approval for issuance of notice under section 148 of the Act, by the A.O. is placed at page no. 2 & 3 of the […]
Purshottambhai Bachubhai Pitroda Vs DCIT (Gujarat high court) Thus, on receipt of the reasons, the noticee is entitled to file his objections and the Assessing Officer, in turn, is obliged to dispose of the objections by passing a speaking order. Though the Assessing Officer had an opportunity at the stage of dealing with the objections […]
National Highways Authority Of India (NHAI): Functions & Concession Agreements National Highways Authority of India was set up by an act of the Parliament, NHAI Act, 1988 ‘An Act to provide for the constitution of an Authority for the development, maintenance and management of national highways and for matter connected therewith or incidental thereto’. It […]
It is often said: Precaution is better than Cure. It is advisable to follow the compliances and avoid any penalty and/ or prosecution. Without going into the details of the section and rules, 11 commonly Ignored Compliances which can be detrimental to the interests of the dealers are listed below : 1. Display of GSTN […]
Every citizen of our country knows about the importance and influence of politics in India but at the same time, one should know how these parties are getting funded and other basic & interesting details. 1) Legal provisions: As per Section 29B of “The Representation of the People Act, 1951”, Every political party may accept […]
Q.1 The Company is required to spend Rs.10 Lac before 31 March 2021 as part of CSR spend. The Company will transfer this Rs.10 Lac to an Implementing Agency on or before 31 March 2021 , however the Implementing Agency will be spending it on the project during 2021-22. Whether it is considered to be […]
PPF is Central Government Tax Saving Scheme with long term investment and tax saving option. In this article, we will cover the following areas-What is PPF and where you can open such account, Interest rate applicable on PPF, Who can open a PPF Account, Minimum and maximum investment required in PPF Account, Lock in period […]
