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Archive: 07 September 2022

Posts in 07 September 2022

Concessional duty benefit cannot be denied on goods meant for use in rotor of windmills for notional billing to customer

September 7, 2022 1140 Views 0 comment Print

Nordex India Private Limited Vs Commissioner of Customs (Madras High Court) Conclusion: Where the goods imported at concessional rate and meant for use in rotor of windmills were used in the manufacture of Wind Operated Electricity Generators at the site of the customer and imported parts invoiced to customer by importer and then installation taken […]

Writ Jurisdiction cannot be invoked to challenge Section 13(2) SARFAESI Notice

September 7, 2022 5922 Views 0 comment Print

In present facts of the case, the Hon’ble High Court while dismissing the Writ Petition under Article 226 held that Notice issued by Bank under Section 13(2) of the SARFAESI Act, 2002 cannot be challenged by invoking Writ jurisdiction as effective alternate remedy has been provided under Section 17 of the Act.

Procedure for Change in Registered Office in Same State & ROC but outside City

September 7, 2022 1032 Views 0 comment Print

Step-by-step procedure for changing the registered office of a company within the same state but outside the city. See how to get board approval and conduct a shareholder meeting.

Desh Hubs: Are We Ready To Plug In

September 7, 2022 2811 Views 0 comment Print

Understanding the controversy surrounding India’s export promotion schemes in WTO: a closer look at the SEZ scheme and its alleged export contingent subsidies.

ESG vs. Sustainability – What’s the Difference? Why is ESG Important?

September 7, 2022 1812 Views 2 comments Print

Explore the distinctions between ESG and Sustainability and why ESG matters for Company Secretaries. Delve into the environmental, social, and governance aspects, their impact on investments, and how ESG goes beyond the broad umbrella of sustainability.

Taxation of Unlisted Share and Biggest Catch in Disclosure in ITR

September 7, 2022 5829 Views 0 comment Print

Unlock the complexities of Unlisted Share Taxation! Explore the nuances of Off-Market and Regular Sale scenarios. Learn about Capital Gains Tax, exemptions, and the critical catch in disclosure for a seamless ITR filing.

Sphere of Section 146 of Companies Act, 2013 – Auditors to attend general meeting

September 7, 2022 18531 Views 1 comment Print

Whether auditor needs to attend general meeting despite non-serving of general meeting notice to him but he has got information from other sources like newspaper, website of authority, website of concerned company?

Periodical SEBI Compliances

September 7, 2022 1782 Views 0 comment Print

Navigate the world of Periodical SEBI Compliances with ease! Learn about the various regulations and timelines, including Quarterly, Half-Yearly, Annual, and Event-Based Compliances. Stay informed for transparent and efficient corporate governance.

NSE Guidance note on use of digital signature by listed companies

September 7, 2022 7899 Views 0 comment Print

Presently, listed companies shall submit all corporate announcements using DSC except Outcome of Board meeting which includes only financial result

Brief history of income tax in India & notes on Section 1 of Income-tax Act, 1961

September 7, 2022 30072 Views 0 comment Print

The first Income-tax Act in India was introduced in 1860 on account of financial stress owing to the mutiny of 1857 and was to be in force for a period of 5 years. The concept of the aggregate income from all sources was not material except for determining the minimum taxable limit.

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