SEBI : Corporate Action is gaining more and more importance nowadays. Competition has prevailed over this too. To understand, Corporate a...
CA, CS, CMA : Sagar Gupta Consistent with its January 2015 announcement, the Ministry of Corporate Affairs (MCA) has moved quite swiftly and not...
Company Law : Detailed Procedure Procedure of Incorporation of a One Person Company (OPC) Under Companies Act,2013. Step 1: Acquire DSC. Step 2...
Company Law : Step by Step procedure to Formation / Registration / Incorporation of Private and Public Company in India.Incorporation / Formatio...
Company Law : Reference sections: 123(2) and Schedule II Schedule II to the Companies Act, 2013 requires depreciating the asset over its useful ...
Corporate Law : Now, cattles in Uttar Pradesh will only be purchased after giving proper ID proof to the seller. It will be the duty of seller to ...
Corporate Law : The proposal regarding increment of the house tax in UP is soon to be presented before the cabinet. Houses in UP has been divided ...
Service Tax : Notification No 16/2013-Service Tax -Reduction of threshold limit for mandatory e-payment of Service Tax duty to Rupees One lakh w...
Corporate Action is gaining more and more importance nowadays. Competition has prevailed over this too. To understand, Corporate action is a process by which a company gives benefits to the investors who are holding securities of the company.
Sagar Gupta Consistent with its January 2015 announcement, the Ministry of Corporate Affairs (MCA) has moved quite swiftly and notified its phase-wise roadmap for adoption of the Indian Accounting Standards (Ind AS) – India’s accounting standards converged with the IFRS. After lingering skepticism regarding Ind AS getting notified, this positive development positions India well at […]
Detailed Procedure Procedure of Incorporation of a One Person Company (OPC) Under Companies Act,2013. Step 1: Acquire DSC. Step 2: Acquire Director Identification Number Step 3: Register DSC on mca website.
Step by Step procedure to Formation / Registration / Incorporation of Private and Public Company in India.Incorporation / Formation of company involve a number of steps. We have tried to simplify the procedure to the maximum extent possible.
Reference sections: 123(2) and Schedule II Schedule II to the Companies Act, 2013 requires depreciating the asset over its useful life unlike Schedule XIV of the Companies Act, 1956 which specifies minimum rates of depreciation to be provided by a company. Normally, prescribed companies who have to follow the accounting standard prescribed under the new […]
If a assessee delays filing of e-form by more than 270 days from the time period granted for filing of the respective e-form, then penalty as given in the concerned section will be imposed. For eg: If the resolution to be attached in MGT-14 is passed on 21.01.2015, then normal time to file the form is 30 days. Penalty will be imposed if the person doesn’t file the form within 300 days from 21.01.2015 or if the form is not filed within 270 days from 20.02.2015.
SECTION 185 of Companies Act, 2013 – Loan to Directors- Section 185 & its reference with Section 186 of Companies Act, 2013 Section 185 of the Companies Act, 2013 which has been notified on 12th September 2013 corresponds to section 295 of the Companies Act, 1956 which deals in loan to directors. This section is […]
Section 40(a)(ia) of the act was introduced in the Income Tax Act, 1961 by the Finance (No 2) Act, 2004 w.e.f. 01.04.2005 with the view to augment the revenue through the mechanism of tax deduction at source. This provision was bought so as to disallow the expenses on which TDS is not deducted but the […]
Companies Act, 2013 is out. Companies have to fulfill the requirements stated therein. Few provisions have already been published which can be found at: Immediate Compliance for Companies under Companies Act, 2013 – PART 1 Some more provisions are stated hereunder: 1. Appointment of Company Secretary: Now, only a Public Limited Company whose paid up […]
Despite doing away with the service-specific descriptions, there will be some descriptions where some differential treatment will be available to a service or a class of services. Section 66F lays down the principles of interpretation of specified descriptions of services and bundled services. But before going on to Section 66F, let us understand what Service […]
