We know that Bank Fixed Deposits /Recurring deposits are the most trusted instruments for savings in our country. The people generally wants to deposit their hard earned money in bank in FDs/RDs. These instruments generated interest income and same is a good source of income for senior citizens. The banks and government have came with […]
Bilakhia Holdings Pvt. Ltd. Vs ACIT (ITAT Surat) Facts- The Assessee Company being an investment company had received shares from its Promoters as a gift. The AO dismissed this claim stating that it was purchased by the assessee company at a discount from the said Promoters and that consideration was involved. Hence, AO disallowed the […]
The Department of Environment, GNCTD vide order F. NO. 10 (13)/EN V/2020/Pt-2/5214- 5243 dated: 17th November, 2021 (Copy enclosed) has directed to close all the Schools with immediate effect till further orders of the Commission For Air Quality Management in National Capital Region and Adjoining Areas.
Czarnikow Group Limited Vs Senior Intelligence Officer (Madras High Court) Facts- The issue to be decided in the present matter is thus whether the ownership of the asset vests in the petitioner or RS, which in turn, would determine, as a consequence, whether the NCLT is the appropriate forum to adjudicate the petitioner’s prayers, including […]
Thomas Cherian Vs CBI Thiruvananthapuram Unit (Kerala High Court) Facts- The case relates to loan transactions conducted in the State Bank of Travancore, Main Branch, Kottayam. The substance of the allegations against the accused is that loan was sanctioned on the basis of fictitious and forged documents, pursuant to a conspiracy hatched by the bank […]
♦ Copyrights protect original works of authorship, such as literary works, music, dramatic works, pantomimes and choreographic works, sculptural, pictorial, and graphic works, sound recordings, artistic works, architectural works, and computer software. ♦ Copyright in India is governed by Copyright Act, 1957. ♦ As per this Act, copyright grants author’s lifetime coverage plus 60 years […]
Article explains what is Memorandum of Association (MOA), Clauses under Memorandum of Association, What is Article of Association (AOA) and What an Article of Association contains. MOA AND AOA OF A COMPANY UNDER COMPANIES ACT, 2013 MEMORANDUM OF ASSOCIATION (MOA): THE MEMORANDUM OF ASSOCIATION, as observed by Palmer, ‘is a document of great importance in […]
OVERVIEW OF BOARD COMMITTEE AUDIT COMMITTEE: Section 177 of the Companies Act, 2013 The Audit Committee is required to be formed by the following companies: 1. Every Listed Public Companies OR Every Public Companies with: 1. Paid up capital of Rs. 10 crores or more OR 2. Turnover of Rs. 100 crores or more OR […]
SECTION 173: 1. First Board Meeting of the Company shall be held within 30 days of the date of incorporation. 2. A minimum of four meetings shall be held every year and the gap between two such meetings shall not be more than 120 days. 3. Secretarial Standard on Board Meetings (SS-1) has been issued […]
Alteration In Charter Documents of The Company Alteration of Memorandum of Association Alteration In Charter Documents of Company – Alteration of MOA ALTERATION IN CHARTER DOCUMENTS OF THE COMPANY ALTERATION OF MEMORANDUM OF ASSOCIATION: 1. Change in Name clause: The name of the company can be changed by passing special resolution and with written approval […]
