Overview The terms oppression and mismanagement are not defined under the Companies Act, 2013. These terms are to be interpreted by the court depending upon the facts of each case. Mismanagement refers to practices of managing the company incompetently and dishonestly. Violation of Memorandum of Association, Articles of Association, or other statutory provisions would amount to mismanagement. […]
The unprecedented provisions of appointment of 2 non-CAs as members (out of 3 members’ Board) may have a larger impact as the work of CAs would be majorly judged by Non-CAs. Earlier there used to be only one Govt. nominee in the committee
Stock Exchanges shall submit at-least past three-years data of the index constructed along with data on monthly volatility, roll over yield for the month and monthly return while seeking approval from SEBI. On approval, the Stock Exchange(s) shall also publish the above data on their website before launch of the contract.
Understanding Circular 135/2020 on denial of refund under Section 54(3)(ii) for input and output supplies being the same. Get insights and examples.
Input Tax Credit on inputs, input services and capital goods cannot be denied merely on the ground that one of the constituent service of the mixed supply attracts Nil rate of tax if provided separately.
Rishipal Investments and Finance (P) Ltd. Vs ITO (ITAT Delhi) We find, the AO, in the instant case, reopened the assessment on the basis of the report of the Investigation Wing that the assessee has received accommodation entry of Rs.23,50,000/- from four companies, the details of which are given in the reasons recorded. We find, […]
The UK today (Thursday 17 March) announced it is suspending the exchange and sharing of tax information with Russia and Belarus as part of continued efforts to inflict economic pain on President Putin’s regime. -The UK has suspended all exchange of tax information with Russia and Belarus under the UK’s exchange of information agreements -Move […]
India imported 17.44 LMT edible oils from Ukraine and 3.48 LMT edible oils from Russia in 2020-21 In a bid to control the rise in cooking oil prices, the Centre has cut the basic duty on Crude Palm Oil, Crude Soyabean Oil and Crude Sunflower Oil from 2.5% to Nil The basic duty on Refined […]
पहले ही सरकार ने नेशनल फाइनेंशियल आथिरटी के गठन के साथ ही सीए संस्थान के अनुपालनीय प्रक्रिया को सूचिबद्ध कंपनियों के केस से अलग कर दिया था और संस्थान सिर्फ छोटे केस में ही निर्णय दे सकती है. और अब जंयत सिन्हा की अध्यक्षता में गठित संसदीय पैनल ने आज अपनी रिपोर्ट संसदीय पटल पर […]
Shah Industries Through Proprietor Vishal Hastimal Sakaria Vs State of Gujarat (Gujarat High Court) The show cause notice is bereft on any material particulars or information. In the absence of any material particulars and the details, it is difficult for any individual to respond to such a vague show cause notice. Probably what the Authority […]
