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Lily Bali

Latest Posts by Lily Bali

An Overview of Employee Provident Fund – Withdrawal

July 24, 2020 2799 Views 0 comment Print

CS Lily Bali We all know that provident fund is a welfare scheme for employees and where both employer and employee contribute their  part but it’s a liability of employer to deposit whole part. Employer deducted the employee share from the salary of the employee. PERCENTAGE OF CONTRIBUTION:  Both employee and employer are required to […]

How To Incorporate Limited Liability Partnership

May 31, 2018 2160 Views 2 comments Print

In 2008, Ministry of Corporate Affairs brought the concept of Limited Liability As per the LLP Act 2008 an LLP is defined as that business entity where having two Designated Partners is minimum requirement and such partners had their liability limited to their contribution towards the LLP

Cancellation Of Provisional GST Registration

November 1, 2017 3336 Views 0 comment Print

Finally most awaited provision how to cancel migrated provisional registration under GST is come into picture. Procedure to be followed for cancellation. Procedure to be followed for cancellation.Login with your User ID and Password. Right hand side there is button of cancellation of provisional .Click, Mention the reason of cancellation and submit with DSC.

Difference Between Composite and Mixed Supply Under GST

August 31, 2017 5910 Views 0 comment Print

Composite supply means supply made by taxable person 1. Consisting of two or more taxable supplies of good or services and 2. Which are naturally bundled and supplied in conjunction with each other in ordinary sources of the business, one of which is principal supply. Both the criteria mentioned are required to be fulfilled.

Export of Services Under Letter of Under Taking or Bond

August 4, 2017 6624 Views 3 comments Print

Under new GST regime Exporter has two option for making export of Services 1. Payment of Integrated Good And Services Tax (IGST ) and then claim for refund. 2. Export made under the letter of Undertaking or Submission of bond with Bank Guarantee before making Export.

Checklist for Post Merger legal Compliances

January 5, 2017 50482 Views 2 comments Print

COMPANY LAW > Call Board meeting for adopting merger order > And Authorizing director to file the same with ROC. > Call an Extra Ordinary General Meeting and inform details about merger like allotment of shares, change in object clause and etc.

Audit Committee Listing agreement VS Companies Act, 2013

July 25, 2016 29858 Views 1 comment Print

The Audit Committee shall consist of Minimum of three director with independent director forming majority Provided that majority of member of Audit Committee including the Chairperson shall be person with ability to read and understand the financial statement

Procedure For Right Issue of Shares under Companies Act,2013

July 18, 2016 143131 Views 8 comments Print

Meaning of Right Share of Issue: Right Issue’ means offering shares to existing members in proportion to their existing shareholding through letter of offer. Governing Section: SECTION 62 of Companies Act 2013

How to Report Foreign Investment to RBI through Authorized Dealer

July 15, 2016 33819 Views 1 comment Print

Every Indian Company who receives FDI (Foreign Direct Investment) needs to report such FDI inflow to Reserve bank of India. Therefore this is my attempt to clarify the procedure regarding report of FDI to RBI.

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