This article will cover on the premises of value that shall be considered while valuing an asset or a liability, as per the valuation standards issued by the Valuation Standard Board of the ICAI. 1. Meaning of premise of value: The ICAI Valuation Standard -101 (IVS-101) defines premise of value to be the conditions and […]
Article Explains Exemption To Private Limited Companies, Public Limited Companies And Listed Companies under Companies Act, 2013, SEBI (LODR) Regulations, 2015, Companies (Meetings of Board and its powers) Rules, 2014, Companies (Specification of definitions details) Rules, 2014, Companies (Prospectus and Allotment of Securities) Rules, 2014. Article further contains Meaning Small Company with Salient Features of […]
The power to borrow monies is an inherent power with corporate entities for the purposes of company. This power is to be exercised in terms of provisions of Companies Act, 1956/2013 and Memorandum and Articles of Association of the company. However, in case of companies registered under section 25 of the Companies Act, 1956 or […]
The GST Council met after a gap of seven months on 28th May, 2021 with five states being represented by new leaders (CM, DY CM or FMs). This 43rd meeting was held in the backdrop of worries on compensation cess, shortfall in e-way bills in second wave of COVID, likely contraction in tax revenue and […]
The purpose of the article is to decode the complexities of The Self-Contained Code i.e. The Income Tax Act,1961. It Covers: – 1.The Major components of The Income Tax law in India 2. Types of Definition under the Income Tax Act, 1961. 3. Meaning of Section, Subsection, Clause, Proviso & Explanation and differentiating between them. 4. Legal Maxims vis-a-vis Income Tax Provisions.
Understanding the difference between Section 194Q and Section 206C(1H) of the Income Tax Act, 1961. Learn about the tax implications for sellers and buyers in this informative blog post.
IBBI shall invite expression of interest (EOI) from IPs, in Form A, by sending an e-mai1 to IPs at their email addresses registered with the Board. Accordingly, an e-mail has been sent to your email ID registered with the Board, seeking EOI for appointment as IRP, Liquidator, RP and BT from July 1, 2021 to December 31, 2021, as per aforesaid guidelines.
The scheme is a welfare measure for IPs who are employees under section 2(9) of the ESI Act and it provides relief to the dependants of the IP in case of his/ her death due to COVID-19. In case of death of IP due to COVID-19, the eligible dependant family members of IP will be paid periodic payments directly to the bank account.
Ketan Ribbons Pvt Ltd Vs National Faceless Assessment Centre Delhi (Delhi High Court) Counsel for the petitioner says that since the lockdown was imposed in Delhi on 19.04.2021, the petitioner was not able to step out. It is stated that the petitioner was required to collate documents from third parties, as regards. Furthermore, learned counsel […]
In view of implementation of Ind AS 116, ‘Leases ’applicable from the financial year 2019-20, and amendments in other Ind ASs, CSR Rules etc (applicable from FY 2019-20 & 2020-21), Ind AS XBRL taxonomy has been amended for financial reporting purposes.
