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Archive: 08 August 2023

Posts in 08 August 2023

Calcutta HC: Pre-Deposit Required for Section 34 Arbitration Act Applications under Section 19 MSME Act

August 8, 2023 1245 Views 0 comment Print

The petitioner filed an application for stay of an arbitral award passed by the West Bengal State Micro Small Enterprises Facilitation Council.

Goodwill acquired on Amalgamation is Eligible for Depreciation u/s 32 of Income Tax Act

August 8, 2023 1170 Views 0 comment Print

The assessee is a wholly owned subsidiary of GBT III BV, Netherlands and is engaged in the business of arranging travel for domestic customers within and outside India by facilitating services entailing booking of air tickets, accommodation, cab, conference rooms, catering services, management of corporate events, public relation services etc.

Nature of business services is more important rather than brand name used in case of providing exemption: CESTAT Ahmedabad

August 8, 2023 597 Views 0 comment Print

The appellants are cable operator and providing cable services to the subscribers on the basis of signals received from the MSO. The subscriber has not asked for any brand for providing the said services.

Review of Assessment Order in Civil or Revenue law special reference to EPF Act

August 8, 2023 1311 Views 0 comment Print

Explore the review process in civil and revenue law, specifically related to EPF Act-1952. Analysis of criteria, limitations, and practical challenges.

Regulatory Overlaps in Administration of FEMA Laws

August 8, 2023 1725 Views 0 comment Print

The Foreign Exchange Management Act (FEMA) was enacted in 1999 by the Parliament to facilitate external trade payments and regulate foreign exchange transactions. It replaced the FERA Act of 1973 as a part of India’s financial sector reform.

E-Commerce Business Ineffective Leadership

August 8, 2023 678 Views 0 comment Print

Ineffective leadership could affect the e-commerce sector and result in company failure. For junior-level employees, adhering to the company’s portfolio requirement will be challenging if the leaders do not demonstrate what they teach. Ineffective leadership in the field of e-commerce is discussed in this essay.

Right Issue: Raising of funds from existing shareholders

August 8, 2023 4188 Views 0 comment Print

Understand the concept of Right Issue: a method for companies to raise funds from existing shareholders. Learn the procedure, shareholder rights, and the acceptance period. Follow the legal requirements outlined in Section 62(1) of the Companies Act, 2013.

HC quashes Notice for personal hearing sent after almost 10 years of SCN

August 8, 2023 2589 Views 0 comment Print

Bombay High Court quashes show cause notice by CGST & Central Excise after 10 years. Learn about Coventry Estates case, delay issues, and legal analysis.

Cancellation of Customs Brokers licence quashed by CESTAT Delhi on grounds of non- violation of CBLR, 2013

August 8, 2023 456 Views 0 comment Print

Trinity International Forwarders, the appellant assessee was a Customs Broker. The assessee had been accused of violated the Regulations of 11(d), 11(e) or 11(n) of Customs Broker Licensing Regulations, 2013.

Lost Your Share Certificates? Don’t Panic! Follow Steps to claim ownership

August 8, 2023 4695 Views 0 comment Print

Lost your share certificates? Stay calm and follow our step-by-step guide to claim ownership. Shareholders must inform the company promptly, file an FIR, and provide necessary documents. Companies, in turn, should follow legal procedures to issue duplicate share certificates. Know your obligations and timelines.

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