A Section 8 company is almost identical to a Society or a Trust. It is registered with the Ministry of Corporate Affairs ( MCA). A company registered with section 8 has quite a lot of advantages like better legal standing; improved recognition and the donors, as well as stakeholders, consider it much more reliable as […]
CIT Vs Shriram Ownership Trust (Madras High Court) As per the Deed of Trust and the Supplemental Deed, the trust is created to benefit the members of owner group and the senior leader group of Shriram Group who are identified as beneficiaries as per the scheme laid out in the Trust Deed. The method of […]
Dear Friends, we know that insurance has become one of the basis requirements for living a safe and secure life. An insurance provides us safety and financial stabilities in testing time. Through proper insurance ,whether it is on your health, home, or life you can secure future of your beloved in case you are not […]
The Due Diligence (DD) is the process of verification and investigation of the potential transactions, to confirm all facts and information which is brought up during a Merger & Acquisitions (M&A) deal and verifying the same. In the sense of M&A, the core objective of the DD is to ascertain any issue pertaining to the deal with respect to assets, liabilities, and operations of the target company that can impact the completion of the transaction between the acquirer and acquired.
Article explains/Contains What is Dividend, Concept of Record Date, Payment of Unpaid Dividend, Claim of Unpaid Dividend, Transfer of Dividend to IEPF Account, Summary of Dividend Rates, Applicable Surcharge and Cess on Dividend, What is form 15G/15H, Dividend rate on FPI and Link to download the forms 15G, Form 15H and Form 10F. I -What […]
Treatment of goodwill: ♣ Accounting Standard 14 (Accounting for Amalgamation) allows amortization of goodwill, acquired in a business acquisition, over a period not exceeding 5 years unless a longer period can be justified. ♣ Ind AS 103 (Business Combinations) requires amortization of goodwill over its useful life if the same is finite. But if the […]
The purpose of this article is to get an overlook about the direction by Board to Registered intermediaries (RI) to upload the KYC records with Central KYC Records Registry (CKYCR) as well as to get deep understanding about the entity details and documents need to be submitted on Central KYC Records Registry (CKYCR) by Legal […]
1. PRESS RELEASE No. 58/2020-21 – 10.02.2021 CCI approves acquisition by Siemens Healthineers Holding I Gmb (SHS GmbH) of Varian Medical Systems, Inc. (Varian) under Section 31(1) of the Competition Act, 2002, today. The proposed combination relates to the acquisition of 100% of shares of common stock and sole control of Varian, by SHS GmbH, […]
Earlier under the Indian Companies Act, 1913 there was no concept of minimum number of board meetings but Companies Act, 1956 brought in the concept of minimum number of board meetings. The purpose for having statutory backing for minimum number of board meeting was to avoid infrequency and irregularity of board meeting because directors are […]
Refund is very important term under the GST for the person who is eligible to claim the refund and for the GST Authority who issues the refund order. Both persons i.e. who claim the refund and who issues refund should have fully conversant with the provisions and law in regard of Refund under the GST. […]
