Summary of Contents of Notice dated 18.01.2023 issued by the Ministry of Corporate Affairs to invite comments from public on changes being considered to the Insolvency and Bankruptcy Code, 2016 The Ministry of Corporate Affairs (MCA) vide Notice dated 18.01.2023 invited comments from public on changes being considered to the Insolvency and Bankruptcy Code, 2016 […]
Compounding of Offences Under the Companies Act, 2013 The Companies Act, 2013 provides for the compounding of certain offences committed by companies or their directors, officers, and other employees. The Act empowers the National Company Law Tribunal (NCLT) or the Regional Director (RD) to compound the offences committed under the Act. The compounding of offences […]
Today new V3 portal has been implemented by Infosys with many changes on process of forms 1. Now every time to login in V3 requires an OTP creating a lot of inconvenience. 2. Now every DIN holder has update DSC in v3 again even if that was registered in V2 already. 3. To update the […]
In emerging solutions to mitigate the risk of climate change, reduce greenhouse gas emissions & reduce the burning of fossil fuels electric vehicles emerged as sustainable & inclusivity solutions for the planet & people but are the electric vehicles sustainable at a ground level let’s demystify the intricacies of electric vehicles.
Section 152(3) of Companies Act, 2013, mandate that an individual cannot be appointed as director unless allocated a DIN as per Section 154
Large Companies must take responsibility to handhold MSMEs, help them adapt best practices and integrate them into the supply chain ecosystem: Shri Goyal at Fourth Plenary session of B20 India Inception Meeting To become a trusted and resilient partner in global value chains, Government is focusing on creating an enabling ecosystem, that is simpler, faster […]
Obtain residents’ informed consent before conducting Aadhaar authentication: UIDAI to Requesting Entities Entities are required to obtain residents’ informed consent either on paper or electronically before carrying out Aadhaar authentications, the Unique Identification Authority of India (UIDAI) has highlighted in its new guidelines for Requesting Entities (REs). UIDAI has urged REs, which carry out online […]
Under the Companies Act, 2013, the Odisha High Court rules that an assessee cannot claim a supplementary refund based on a fresh calculation after the processing of the original refund application. In Vedanta Ltd. vs. Union of India, the court states that when Input Tax Credit (ITC) is claimed for multiple units under a single GSTIN, the assessee cannot seek supplementary refund by treating each unit as a separate entity.
Trust is governed by Indian Trust Act, 1882 while Societies are governed by Societies Registration Act 1860. At least 2 trustees are required to register a public charitable trust In general.
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