The Hon’ble Supreme Court considered whether NOIDA, the Appellant (i.e. Lessor) who has acquired land for the purposes of setting a residential township is a Financial Creditor (FC) of the Corporate Debtor (CD) under the Insolvency and Bankruptcy Code, 2016 (Code).
Learn about the mandatory renewal process for RERA agent registration. Understand the rules and conditions involved in renewing your license.
Learn about Section 80GG and how it allows individuals to claim a deduction for rent paid, even without receiving HRA.
No separate levy of IGST under RCM is to be made on the Indian importer for the supply of services of transportation of goods by the shipping line since it would be in violation of Section 8 of the CGST Act, 2017.
Understanding the consequences of non-payment of stamp duty & non-registration of instruments is crucial for protecting your interests in any agreement or transaction.
Understand the significance of Form ADT 1 in appointing Statutory Auditors. Learn about the mandatory process and benefits for companies and stakeholders.
Understanding Section 455 of Companies Act, 2013: Learn about the provisions and requirements for dormant (inactive) companies in India.
Understanding IRDAI (Investment) (Fifth Amendment) Regulations, 2013 and their impact on insurance companies in India.
The basic issue is that, in most cases, the ocean freight is paid by the seller or companies that are not based in India. So, for instance, if a company based in USA is exporting goods to India, the company tends to enter into an agreement with shipping companies and pay ocean freight.
The concept of Limited Liability in Partnership is arrived from the Companies where the shareholders are liable to the extent of amount unpaid towards the shares held by them, which came into existence in 1897 through a Landmark judgement: Salomon v Salomon & Co Ltd. The same kind of protection is also given to the Limited Liability Partnership wherein the designated partners are not personally liable.
