Valuation aspects company needs to consider at the time of issue/transfer of shares
According to Section 2(68) of the Companies Act, 2013, Authorized share capital of the Company means maximum amount of share capital of the company as authorized by memorandum of the company. This means that issued or paid up capital of the company cannot go beyond its authorized share capital. It may happen that in some […]
Preference shares commonly known as preferred stocks are the kind of shares that hold certain prior benefits. Preference shares are released to rise capital of the company which is known as preference share capital. The preference share holders are given preferential treatment is respect of payment of dividend. They are having priority not only in […]
Articles analyses Important Provisions of Limited Liability Partnership (Amendment) Act, 2021. With LLP Amendment Act, 2021 7 new sections have been inserted, 3 sections have been omitted whereas 5 sections have been substituted.
As you are aware that provisions of Section 153A of the Income Tax Act, 1961 deals with assessment of an assessee in searched cases u/s. 132 of the IT Act, 1961. The Assessing Officer in this section allowed to assess income of an assessee for previous six assessment years preceding assessment year in which search […]
Learn why it’s crucial for your small scale business to register for GST. Understand the benefits of GST and its impact on your business.
Well Friends, this seemingly short and pinpointed question (Can GAAR Override DTAA?), has in-seemingly long and abstract answer, in the absence of any specific legal precedent in this regard, in India, as of now. However, in this article, I am making an honest and sincere attempt to find a plausible, logical and well-reasoned answer to […]
The Central Government vide Notification dated 11.12.2019 inserted Section 115BAA after Section 115BA with effect from financial year 01.04.2019. As per the provisions of said section, the domestic companies can exercise the option to pay tax at the concessional rate, i.e. 22 percent + surcharge 10 percent +cess 4 percent subject to the fulfilment of […]
Article explains March (2022) Month’s Legal Obligations for India under Income Tax Act, 1961, Central Goods and Services Tax Act, 2017, Foreign Exchange Management Act, 1999, Employees’ State Insurance Act, 1948, Employees Provident Fund & Miscellaneous Provisions Act, 1952 and Companies Act, 2013. March (2022) Month’s Legal Obligations for India (A) Income Tax Act, 1961 […]
The law related to labour’s minimum wages, safety, health and working Conditions and the Social Security are very complex in India. Many provisions of Labour Laws trace their origin to the time of the British Raj. However, with changing times, many of them either became ineffective or did not have any contemporary relevance. Rather than […]
