"A diligent Company Secretary and an accomplished law graduate"
MCA fines LinkedIn and its directors for incorrect disclosures. Learn about beneficial ownership and legal implications in this LinkedIn case analysis.
Test of Residency for Individuals Basic Condition for a person to be Resident Under Section 6(1) of the Income-tax Act, an individual is said to be resident in India in any previous year if he: (a) is in India in the previous year for a period or periods amounting in all to one hundred and […]
This article lays down the detailed procedure for striking off the LLP. As per Limited Liability Partnership Rules, 2009, Rule 37 (1) (b) any LLP may after following the below-mentioned process voluntarily apply to ROC for striking off its name from the register of LLP. STEP-1- Pre-Conditions for striking off LLP- 1. Not carrying […]
Section 135(1) of the Companies Act 2013, deals with the CSR provisions and constitution of CSR committee. Modes of spending CSR expenditure: As per Rule 4(2), Companies can spend on CSR activity through any of the below 3 ways. 1. Eligible Companies coming together to form a Trust, Society, or Section 8 Company for conducting CSR […]
Generally, there are two types of shareholders in the company- Registered shareholder and Beneficial Shareholder. Registered shareholders are those whose names are registered as shareholder in the register of members of the company. On the other hand, beneficial shareholders are that shareholders whose name is not entered in the register of members however they hold […]
Foreign Exchange Management (Deposit) Regulations, 2016 do not allow NRI’s to hold the savings bank account in India which means banks are not allowed to accept deposits from the NRI’s in the form of a general savings account. However, Post Offices in India may maintain savings bank accounts in the names of persons resident outside India […]
As per the ICSI UDIN Guidelines, 2019, UDIN shall be generated for the following services rendered by a PCS- 1. Certification of Annual Return in Form MGT-8 under Section 92(2) of the Companies Act, 2013 and Rule 11(2) of the Companies (Management and Administration) Rules, 2014. 2. Issuance of Secretarial Audit Report in terms of […]
This article talks about the rights which are available to the flat buyers under IBC after commencement of CIRP against the builder. HOMEBUYERS AS FINANCIAL CREDITORS The Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018 inserted an Explanation under Section 5(8) (f) which clarified that payments made by an allottee under a real estate project would be deemed to […]
This article will take you through the process for obtaining the licence for cosmetics as per the drugs and cosmetic act 1945 The detailed process for obtaining license under the act are as follows- Manufacture on more than one set of premises (SECTION 137) If cosmetics are manufactured on more than one premises, a separate […]
With an aim to encourage innovations and to promote entrepreneurship, the Government had launched the Start-up India Programme. The various tax benefits given to the recognised start-ups under the programme acts as a booster for the entrepreneurs. This article will drive you through the various tax benefits available to the Recognised Start-up entities under Income […]
