Once the decision of FDI is made by the Board, the very first step is to set up a good co-ordination with the Authorized Dealer Bank in India and the remitting foreign bank in advance so that all the documents are received on time from both the banks, consequently avoiding any unexpected delay in paperwork.
Learn about the applicability, scope, and procedure for appointment of secretarial auditors. Ensure compliance with company regulations and detect non-compliance.
Held that the claim of loss accruing or arising as investment in equity shares, non-convertible debentures and zero coupon redeemable preference shares is not capital loss but eligible for deduction in computation of business loss
PCIT was of the view that the difference of Rs.25 lakhs in view of the guideline value fixed by Stamp Valuation Authority at Rs.3.50 crores is to be accepted and added to the return of income of the assessee. We are of the view that this is highly debatable issue and even the tolerance limit of 10% is to be considered or not is again a debate.
Service provided for development of land, like levelling, laying of drainage lines (as may be received by developers) shall attract GST at applicable rate for such services.
Insider Trading has been argued to be unjust and based in opportunism. It has also been argued that although insider trading may be unjust, it cannot be considered to be fraud.
Held that in cases under audit, SVLDRS is eligible if the duty demand is quantified on or before 30th June 2019. As the draft of Minutes of the Managing Committee prepared by June 2019, amount of duty quantified before 30th June 2019. Accordingly, SVLDRS eligible.
Held that dispute in respect of ESOP which forms part of the Employment Agreement, would be referable to arbitration as provided in Clause 21 of ESOP.
Government of Kerala has extended the benefit of maternity leave to employees appointed on contract basis irrespective of the tenure.
Held that invalidity of sanction is different from absence of sanction and the point is to be raised during the trial.
