The Income Tax department will launch a new ‘taxpayer friendly’ income tax e-filing portal which will be operational from 7 June 2021. What is an e-filing portal?
Applicable Provisions: S. 151 of Companies Act, 2013 read with Rule 7 of Companies (Appointment and Qualification of Directors) Rules, 2014. As per S.151, A listed company may have one director elected by small shareholders. Small shareholder means a shareholder holding shares of nominal value of not more than Rs. 20,000 or such other sum […]
Last year, the Cabinet Committee on Economic Affairs (CCEA) approved a modified scheme for extending interest subvention for those setting up grain-based along with molasses-based ethanol distilleries. The total outlay of the scheme is > 8,460 crores for increasing India’s ethanol production capacity, with the scheme extended to those setting up distilleries using grain, molasses, […]
CS, LLB, PGDBA, DSL. Pooja Ojha Modus Operandi – Pre-Packaged Insolvency Resolution Process (PIRP) The process of the Pre-Packaged Insolvency Resolution Process (PIRP) envisaged under Section 54A of the Insolvency and Bankruptcy Code, 2016 starts much before the Order is passed by the Hon’ble Adjudicating Authority, the National Company Law Tribunal (NCLT) for initiating the […]
An eight members group of ministers set up to decide GST reduction on Covid relief material has recommended that the GST on vaccines be determined by Gst Council and has therefore referred the matter back to the council said people aware of the details. 1. GST council should decide the rate on vaccines it has […]
CORPORATE SOCIAL RESPONSIBILITY BACKGROUND: A corporate entity uses the resources of society, it operates its business activity in a society, therefore it is responsibility of a corporate to take care of society in which it operates. Therefore, Corporate social responsibility (CSR) is an obligation of a corporate entity to give back to the society a […]
You were fed with newspapers headlines informing G7 gave its consent for Biden’s global tax proposal which ensures right companies pay right tax in right countries. Mr. Joseph Robinette Biden Jr, the current American president brought the tax reform known as ‘Made in America tax proposal’ which is reproduced below for our detailed discussion. https://home.treasury.gov/system/files/136/MadeInAmericaTaxPlan_Report.pdf […]
The dictionary defines the word Emeritus as a person having retired but allowed to retain his title as an honour. In India, Corporate world has been witnessing the elevation of corporate stalwarts as Chairperson Emeritus (hereinafter referred to as CE). Following are some of the companies which have appointed senior Board members/Promoters to the above position: 1. Tata Sons […]
‘There is no friend as loyal as a book’, said American author Ernest Hemingway. Books fuel up your imagination, provide comfort in times of sadness and open up your eyes for the world. The importance of the habit of reading is closely linked to professional success, as it opens the brain to new experiences and […]
Keeping in view the investigations pending with law enforcement agencies, proceedings pending at various courts, you are advised to preserve the CCTV recordings of operations at bank branches and currency chests for the period from November 08, 2016 to December 30, 2016 in a proper way, till further orders.
