What is a Takeover? A takeover occurs when one company, known as the acquirer makes a successful bid to assume control of or acquire another company, also known as the target. A takeover can be done by purchasing majority share in target firm or commonly through the process of mergers and acquisitions.[1] Evolution of the […]
‘Dominance per se is not illegal, but the abuse of the position of dominance is illegal’. Analyzing Abuse of Dominance under competition act 2002 The Dominant position is generally considered as a position of superiority and the ability to exert dominance upon another competitor. Competition act of 2002 has explained the term dominant position in […]
Revised user charges for SEZ-Online services will be as under and would be effective from 15.11.2021 No. K-43014(22)/32/2020-SEZ Government of India Ministry of Commerce & Industry Department of Commerce SEZ Division *** Udyog Bhawan New Delhi, Dated the 2nd December, 2021 CIRCULAR Department of Commerce (DoC) had received various requests from the Developers / Co-developers […]
In the era of globalization, businesses are expanding in the form of Mergers & Acquisition transactions, acquisition is a frequent sight but before the definitive agreements are drafted, the parties write down the preliminary agreement in the term sheet, which is also called ‘letter of intent’. The Term Sheet contains the terms and conditions which […]
Generally you have to give details of income from various sources earned by you during the financial year to your consultant / Chartered Accountant so that they can compute your correct Income and tax thereon on the basis of correct information.
Accounting Standard 15 Employee Benefits deals with all the forms of employee benefits, all forms of consideration given by an enterprise in exchange for service rendered by employees but exclude inventory compensation. AS 15 is applicable for enterprise, Entities having 50 or more employees. As 15 an employee is a person rendering service to an […]
Addition on account of investment made from undisclosed sources was deleted as as all transactions were made through banking channels and AO had made the addition in question on assumption and presumption basis.
Convertibility- Current and Capital Account Convertibility, which may seem as a complex economical jargon, but has a fairly simple concept. It is the freedom of converting a foreign currency to a domestic currency or vice-versa at market determined exchange rate. Currency can be exchanged for various purposes such as for imports, exports, remittances, investments etc. […]
BOARD RESOLUTION CERTIFIED TRUE COPY OF THE RESOLUTION PASSED IN THE BOARD MEETING OF DIRECTOR OF THE XYZ PRIVATE LIMITED (CIN:…………………) HELD AT REGISTERED OFFICE OF THE COMPANY AT ( Adress of Company) AT (Time) ON (Date) FOR CHANGING THE NAME OF COMPANY “RESOLVED THAT pursuant to the provisions of section 13 and other applicable provisions […]
Introduction Traditionally, GSTR-2A or Input tax credit reconciliation is done manually by the accountants or CAs for the businesses. But this can be very time & effort consuming & yet may end up containing errors as they come along for free with the manual work, however, we hereby bring to you a very simple & […]
