The companies which have deferred the vendor payments due to the problem of cash shortages in their businesses as a result of the COVID-19 pandemic are further dealing with further cash shortages for meeting working capital demands due to their inability to get credit reversal along with the interest under the GST framework, as they did earlier especially in […]
It could be assumed from the current scenario created by the COVID-19 has affected business functioning and revenues and it’s time for the Government of India and its citizen to come together and help each other. Understanding the situation of the public, a notification has been issued by the Central Board of Direct Taxes (CBDT) under the guidance of […]
Under the GST framework of India, no GST is charged on the sale of land or building GST as it is subject to stamp duty. Still, questions arose whether in case of the sale of a developed plot of land that comes with amenities including underground cables, roads, and water pipelines. Recently, the Gujarat Authorities for Advance Ruling (AAR) has held […]
As the numbers of the COVID-19 patient’s is raising actively, other than ensuring safety and health to the public it remains still a challenge for the Government to guarantee a minimum income to the migrant laborers who went back to the rural areas as a result of the loss of employment and difficulties in the urban areas. […]
Bhuwan Chandra Pandey vs Union Of India And Others (Uttarakhand High Court) More than two decades have elapsed since the Supreme Court passed a landmark judgment in case of Vishakha vs. State of Rajasthan AIR 1997 SC 301, and formulate the famous ‘Vishakha guidelines‘, which inter alia providing guidance for the resolution of complaints through internal […]
Recently, the news of the Hong Kong Extradition law protests and the extradition of the defaulter Liquid baron and Kingfisher Airlines Vijay Mallya have been making headlines in news. Vijay Mallya is a noted defaulter in India who dodged in loans worth 9000 crores which he had no intention of repaying the amount and took shelter in Britain and since then […]
Mother- the prime Nurturer Since the evolution of humanity towards civilization, genders have been bound in pre-defined roles for centuries but slowly things have changed for the better. Speaking of today, people are challenging and changing the old norms of society and both genders prefer to work in every sphere of life. Having said that, […]
1. What do you understand by the doctrine of ‘Force Majeure’? The Merriam Webster dictionary defines the word force majeure as ‘an event or effect that cannot be reasonably anticipated or controlled’, that it has been derived from a French word namely ‘vis major’ which means a superior force which is out of control or unforeseeable […]
As a result of the receipt of multiple representations from various stakeholders for granting this time opportunity to make the default good, the Ministry of Corporate Affairs (MCA) vide circular no.12/20 has notified a scheme for the companies registered in India who have defaulted in filing necessary documents & returns in the past, giving them an opportunity […]
Annual General Meeting of the Company & Related Temporary relaxations during the Global Pandemic On 05.05.2020, the Ministry of Corporate Affairs (MCA) has given a clarification vide circular n0. 18/2020 giving relaxation for holding through Video Conferencing or other Audio Visual Means (OAVM). The article below provides a detailed description of AGM & the relaxation provided. […]
