Annual Compliances for Public Company based on Turnover under Companies Act, 2013. Article explains Annual Compliances for Public Company when Turnover is Rs. 50 Crores or more, when Turnover is Rs. 100 Crores or more, when Turnover is Rs. 200 Crores or more, when Turnover is Rs. 250 Crores or more, when Turnover is Rs. […]
If you’re into equity investing, here’re the various taxes you need to be informed about: Income Tax on Capital Gains, Income Tax on Dividend, Securities Transaction Tax (STT), Goods and Services Tax (GST) on brokerage
The formation and regulation of Producer Company is governed under the provisions of Sections 581A to 581ZL of Companies Act, 1956, read with Companies Act, 2013, and the rules made thereunder
Reserve Bank of India constitutes a Committee on functioning of Asset Reconstruction Companies (ARCs) and review of regulatory guidelines applicable to them
Small companies with fewer resources were also subject to same complex procedure. This was proving to be an obstacle in the way of their growth and expansion. Having the same procedure for merger for all companies was proving to be counter-productive. The complexities of the earlier laws gave rise to the need for a simplified […]
With strong RBI regulations in place since the IL&FS crisis, the big NBFCs have been facing a credit crunch since 2019. However, mid-size and small size NBFCs have been doing well and ready to raise a significant amount of FDI for retail lending. India has about 9000+ active NBFCs but hardly 954 of them have […]
With a view to promote Transparency and accountability in Company Financial Statement, the Ministry of Corporate Affairs (MCA) has amended the Schedule III to the Companies Act, 2013 vide notification dated 24.03.2020, wherein the certain disclosure requirements as well as the principles as stated in respect of the preparation of the financial statements has been […]
Preface: COVID-19 pandemic has impacted businesses, financial markets and economies all over the world, including India, and has impacted the business operations of micro, small and medium enterprises – MSME sector and exposed many of them to financial distress. The Government has taken several measures to mitigate the distress caused by the pandemic including increasing […]
This is article is in continuation with my previous article Gratuity Payment under Social Security Code 2020 wef 01.04.2021, in my previous article we have discussed about the difference between the Old provisions of the Payment of Gratuity Act 1972 (a) and New provisions of Social Security Code 2020 to be effective from 01.06.2021 on […]
With it objective to make India an ‘Atmanirbhar Bharat’, another initiative was approved by the Central Government in the form of Production Linked Incentive (‘PLI’) Scheme for White Goods (Air Conditioner and LED Lights) with a budgetary outlay of 6,238 crore. Period of implementation – The scheme will be implemented over the period FY 2021-22 […]
