CESTAT, Kolkata made a significant ruling regarding the amendment in Rule 14 of CENVAT Credit Rules, 2004. Previous version of the rule stated ‘taken or utilized,’ but it was modified to ‘taken and utilized.’ This alteration in wording clearly indicates the legislative intent to exclude the imposition of interest when the credit has been taken but not utilized.
Explore the legal status of promoters under the Companies Act, 2013, as they play a pivotal role in the conception, incorporation, and establishment of a business. Learn about the definition of promoters, their rights, and their fiduciary position in the company. Understand the legal implications, including the right to recover initial expenses, proportionate amounts from co-promoters, and remuneration. Delve into key legal aspects to ensure transparency and ethical conduct in the promotion of businesses.
The objective of this paper is to analyze the developments related to the insolvency of personal guarantors to corporate debtors under the Insolvency and Bankruptcy Code, 2016.
Explore the GST implications on Media and Entertainment activities, including film distribution, exhibition of movies, services by artists and technicians, advertisement, and amusement parks. Understand the rates, place of supply, and impact on various components of the industry. Stay informed about GST on Online Information Database Access and Retrieval services (OIDAR) and the growth prospects of India’s media and entertainment industry.
Section 2(34) of the Companies Act, 2013 defines directors. A director is a person appointed to the board of a company. In case of a one person company, there shall be at least one director. Every public company shall have three directors and every private company shall have two directors appointed to it.
The Mojocare episode exposes the rising issue of financial irregularities among startups, highlighting the need for robust internal audits, diligent due diligence processes, and registered valuers to prevent such mishaps in the future.
Explore the various stages of a criminal trial in warrant cases, from the filing of an FIR to the final judgment. Gain insights into the process, including investigation, framing of charges, presentation of evidence, and the role of the accused and the defense.
A recent MCA notification, numbered G.S.R 367(E) and dated 15th May 2023, has introduced a significant development in the Fast Track Merger process. It mandates a strict time limit of 60 days for concluding the fast-track merger application filed before the Central Government (Regional Director).
NFT stands for Non-Fungible Token, has gained popularity as a concept in the world of art. They are special digital tokens that represent ownership or proof of authenticity.
In this article, we will guide you through the step-by-step procedure of paying your income tax online at Time of Filing of ITR For Individuals using the official Income Tax website.
