Understand Section 194R of the Income Tax Act, 1961. Learn about the obligation to deduct tax at source on benefits provided to residents.
Get a detailed analysis of the Companies (CSR Policy) Amendment Rules, 2022. Learn about the recent amendments and their impact on corporate social responsibility.
> INTRODUCTION: The Oxford Dictionary defines dormant as ‘not active or growing now but able to become active or to grow in the future’. Accordingly, a dormant company will mean a company which is inactive or inoperative. The basic premise of a dormant company is that the company is not carrying any business and is […]
NATIONAL FINANCIAL AUTHORITY REPORTING RULES, 2018 (NFRA RULES): FILING OF FORM NFRA-1 GOVERNING PROVISIONS: Section 132 of the Companies Act, 2013 (“the Act”) and Rules made there under. FUNCTIONS OF NATIONAL FINANCIAL AUTHORITY (NFRA) (SECTION 132(2)): 1. make recommendations to the Central Government on the formulation and laying down of accounting and auditing policies and […]
E-FORM 22A (OR E-FORM ACTIVE) The Ministry of Corporate Affairs has introduced the Companies (Incorporation) Amendment Rules, 2019 vide notification dated February 21, 2019. These Rules shall come into force from February 25, 2019. ♣ PURPOSE: Every company incorporated on or before December 31, 2017 shall file such particulars of the company and its registered […]
