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Sristi Nimodia

Latest Posts by Sristi Nimodia

Analysis of Section 29A of Insolvency and Bankruptcy Code, 2016

May 3, 2024 351 Views 0 comment Print

Explore the impact of Section 29A of the Insolvency and Bankruptcy Code, 2016, its retrospective application, and its effects on various stakeholders like promoters, nominee directors, and secured creditors.

Mixed and Composite Supply under CGST Act, 2017

September 16, 2022 17244 Views 0 comment Print

With the introduction of GST as a means of Indirect Taxation, collection by means of multiple taxation was done away and a new uniform system was put into place. However, many a times when two or more goods are sold in a combination, a situation arises wherein it gets difficult to understand what tax rate needs to be applied. In order to overcome this, the CGST Act, 2017 has introduced ‘composite supply’ and ‘mixed supply’.

Statutory Compliances relating to Meetings of a company

July 1, 2022 4317 Views 0 comment Print

Stay compliant with statutory requirements for company meetings. Learn about the AGM, its frequency, and consequences of non-compliance under the Companies Act 2013.

Landmark Cases on ‘Contempt’

July 1, 2022 79545 Views 0 comment Print

Explore landmark cases on Contempt and learn about the legal implications. Dive into the details of A.S. Mohd. Rafi v. State of Tamil Nadu and its impact.

Tax on Income from Other Sources

June 27, 2021 10896 Views 0 comment Print

As per Section 56(1) any income/receipt shall be taxable under this head if it is not taxable under any other heads of income be it salary, profit and gains from business and profession, house property or capital gains. Income from other sources includes the following: DIVIDENDS Dividends are covered under the head Income from other […]

Tax on Profits and Gains from Business and Profession

June 27, 2021 91416 Views 0 comment Print

Business Income is the profit that is earned from the business. It is nothing but Total Revenue/Total turnover minus Total Expense. The profit from the business is the taxable income/business income.

Public Revenue – Income of the Government

June 27, 2021 82626 Views 1 comment Print

INTRODUCTION ‘Public revenue’ (or Government revenue) is concerned with the Income of the Government through various sources. The Government collects/earns money through various forms of tax and non-tax revenue, and use this money to meet its administrative and other expenditures. Tax revenue are the ones which are derived by the process of direct and indirect […]

Compromise and Arrangements

June 27, 2021 43959 Views 0 comment Print

Over the period of time, a business grows and expands itself. Companies can either internally restructure the company, or amalgamate with some other company, in order to bring about a change. This growth can be organic or inorganic depending on the way the business chooses to grow.

Cross Border Merger

June 27, 2021 5355 Views 0 comment Print

A cross border merger is a merger of two companies which are located in different countries resulting in a third company. It could involve an Indian company merging with a foreign company or vice versa. The local company can be private, public, or state-owned company. Earlier only those cross-border mergers were allowed, where the transferee company was an Indian company and the transferor company was a foreign as per Indian law.

Intellectual Property Due Diligence in Merger and Acquisition

June 27, 2021 1875 Views 0 comment Print

Mergers and acquisitions involve huge financial recourses so it becomes important to evaluate the viability of the deal. Therefore, buyers undertake a process known as due diligence, though it is not an insurance but it provides assurance against the bad deal. The term more commonly applies to voluntary investigation but in some cases, it is used to mean a required legal obligation.

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May 2024