Non-executive Directors are directors who are not in whole time employment of the company. These directors are remunerated by payment of sitting fees, commission on profits and fees for rendering professional services. 1. How much sitting fees can be paid to non-executive directors? With respect to payment of sitting fees Companies Act,...
Overseas direct investment (ODI) in India is a complex topic, with a variety of legal and financial compliance requirements. The Indian government has enacted a series of laws and regulations encouraging and facilitating ODI in order to promote economic growth. These laws and regulations, alongside general business principles, must be fol...
Conditions of License Point No. 12 of Schedule 2 of FSS (Licensing and Registration) of Food Businesses, 2011, specifies that Food Business Operator shall ‘Ensure testing of relevant chemical and/or microbiological contaminants in food products in accordance with these regulations as frequently as required on the basis of historical...
What are Intermediary services? Who is called an Intermediary? Are the services we are providing are intermediate services or export of services? In this article we discuss the topic in order to remove all your questions and confusions, let us see and analyze what are intermediary services. INTRODUCTION An Intermediary is a person who ove...
Q.1 When the your supplier has NOT filed GSTR – 1 for the MONTH within DUE DATE? Impact on Recipient i.e YOU: [Section 16(2)(aa) with Rule 36(4) ] – We Cannot avail ITC on the invoice issued by the respective supplier as he has not uploaded his GSTR -1 BY 11TH day from end of […]...
Renewal of license/ registration upon submission of the application by the FBO shall be granted instantly, without requiring the scrutiny/approval of the concerned authority...
G.S.R . -
21/01/2023
GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi the 21st January, 2023 G.S.R .—In exercise of the powers conferred under sub-section (2) of section 42, sub-clause (ii) of clause (a) of 43, sub-clause (d) of sub-section (1) of section 54, sub-section (2) of section 55, sub-sections (1) and (3) of section 56, su...
Master Minds Vs Appellate Authority For Advance Ruling & Others (Andhra Pradesh High Court) -
Andhra Pradesh High Court held that when investigation has already been commenced prior to filing of an application before Advance Ruling Authority (ARA), the authority should not admit the application and thereafter issue its ruling. Accordingly, the order is liable to be set aside....
Notification No. G.S.R. 44(E) -
21/01/2023
These rules may be called the Companies (Management and Administration) Amendment Rules, 2023. They shall come into force with effect from 23rd January, 2023....
Under GST Law late filing of various returns attract levy of late fees as per section 47 of SGST Act. Based on this late fees in delay of filing returns and relevant Notifications listed as below: Late fee under GST Serial No. Particulars Late fee – maximum amount/ per return Notification No. and date Name […]...