Explore the position of a Recovery Certificate Holder under the Insolvency and Bankruptcy Code, 2016. Learn about the Supreme Courts interpretation in the Kotak Mahindra Bank vs. A. Balakrishnan case, addressing issues of maintainability, applicability of limitation, and the widened scope of financial debts and creditors.
Understand the significance of the Memorandum of Association (MOA) for companies, its contents, and drafting considerations. Learn about the different clauses, such as Name, Registered Office, Object, Liability, Capital, and Subscribers, essential for a companys legal structure. Get insights into the e-governance era and the importance of E-MOA during company registration.
Registrar of Companies, Karnataka issued an order of adjudication of penalty against Toyota Tsusho Systems India Private Limited for violating Section 135 of the Companies Act, 2013. The company failed to comply with the provisions regarding Corporate Social Responsibility (CSR) expenditure within the specified timelines. The penalty has been imposed based on the violation, and […]
In the Finance Act, 2023, an amendment was introduced in this provision to bring the consideration received from non-residents within the ambit of Clause (viib) of sub-section (2) of section 56 of the Income-tax Act, 1961.
N.B.S. Crackle not classifiable as sugar boiled confectionery, Its industrial use in ice cream production sets it apart from consumer-oriented confectionery, leading to a distinct classification perspective.
AAR Andhra Pradesh ruled that no reversal of Input Tax Credit (ITC) is required on a financial credit note issued for post sale discount. Gain insights into the ruling and its implications for businesses.
The Transport Department of Delhi has issued a notification regarding the draft scheme called ‘The Delhi Motor Vehicles Licensing of Aggregator (Premium Buses) Scheme, 2023.‘ The scheme is being introduced in compliance with the Motor Vehicle Aggregator Guidelines, 2020. It applies to all premium buses operating under a valid Aggregator license within the National Capital […]
Explore the increased tax exemption on leave encashment for non-government employees in India. Learn about the new limit, eligibility, and implications on retirement benefits.
Standard Operating Procedure for the scrutiny of GST returns by the Government of India for the financial year 2019-20 onwards.
