It has been brought to our notice through an application in Hon’ble Supreme Court that FIRs are still being lodged by some police authorities under the struck down provision of Section 66A of IT, Act, 2000. Hon’ble Supreme Court has taken a very serious view in the matter.
However, blatant violations of COVID norms have been observed in several parts of the country, especially in public transport and at hill stations. Massive crowds are also thronging the market places, violating norms of social distancing.
CBIC has recently comprehensively reviewed the implementation of Faceless Assessment and deliberated on the further measures required for expediting the pace of assessment and Customs clearance of imported goods.
Reserve Bank of India vide its communication dated July 8, 2021 made an advisory to banks and other RBI-regulated entities emphasizing the need for preparedness for the transition away from London Interbank Offered Rate (LIBOR). Let us look at this most important message which has already shaken the foreign exchange world which virtually runs on LIBOR as […]
Delhi High Court quashed reopening notice as well as reassessment order & all consequential proceedings initiated in the name of deceased & also held, interalia, that the LR of deceased are not obliged to intimate death to Income tax deptt & get PAN cancelled & that reassessment order can be challenged in such cases in writ petition.
According to Section 2(10) of Companies Act, 2013, Board of Directors or Board, in relation to a company, means the collective body of the directors of the company. Director is defined in Section 2 (34) as “director” means a director appointed to the Board of a company. A Company is an artificial person having a […]
What is Corporate Law? Corporate law is the group of laws, rules, guidelines, and practices that administer the arrangement and activity of corporations. It’s the assemblage of law that manages legal elements that exist to direct business. The laws address the rights and commitments of the entirety of individuals involved with forming, owning, operating, and […]
Preference shares are suitable for investors who want a steady source of income without taking on the risks of volatility in the common shares. Preference shareholders also give up the upside potential of common shares as preference shares do not change their value substantially in any given holding period. Methods of Issue of Preference Shares: […]
GST NEWSLETTER -JUNE 2021 GST Council Secretariat, New Delhi Highlights of 44 GST Council Meeting The 44th GST Council met on 12 June 2021 under the Chairmanship of Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman through video conferencing. The meeting was attended by Union Minister of State for Finance & Corporate Affairs Shri […]
Applications are invited by Union Bank of India for empanelment of Stock Auditors, subject to fulfilment of the Eligibility Criteria related to educational qualifications, experience & other requirements
