Employees’ Provident Fund- Contribution Rate The EPF & MP Act, 1952 was enacted by Parliament and came into force with effect from 4th March, 1952. A series of legislative interventions were made in this direction, including the Employees’ Provident Funds & Miscellaneous Provisions Act, 1952. Presently, the following three schemes are in operation under the […]
E-Form DIR-3 is required to be filed pursuant to Section 153 of the Companies Act, 2014 & Rule 9(1) of the Companies (Appointment and Qualification of Directors) Rules. Section 153: Every individual intending to be appointed as director of a company shall make an application for allotment of Director Identification Number to the Central Government […]
Under which circumstances can a registered Taxpayer file for cancellation of GST registration? A registered Taxpayer can file for cancellation of GST registration on the occurrence of any of the following events: Discontinuance of business or closure of business. Taxable person ceases to be liable to pay tax. Transfer of business on account of amalgamation, […]
What is Limited Liability Partnership(LLP): Limited Liability Partnership entities, the world wide recognized form of business organization has been introduced in India by way of Limited Liability Partnership Act. A Limited Liability Partnership, popularly known as LLP combines the advantages of both the Company and Partnership into a single form of organization Advantages/ Benefits of […]
The Companies (Amendment) Bill, 2017, which is aimed at making some major changes to the Companies Act, 2013, was passed in Lok Sabha, Rajya Sabha by voice vote. The Companies (Amendment) Act, 2017 of Parliament received the assent of the President on the 3rd January, 2018. Name reservation in case of new company shall be […]
