Under the Companies Act, 2013, the Odisha High Court rules that an assessee cannot claim a supplementary refund based on a fresh calculation after the processing of the original refund application. In Vedanta Ltd. vs. Union of India, the court states that when Input Tax Credit (ITC) is claimed for multiple units under a single GSTIN, the assessee cannot seek supplementary refund by treating each unit as a separate entity.
Trust is governed by Indian Trust Act, 1882 while Societies are governed by Societies Registration Act 1860. At least 2 trustees are required to register a public charitable trust In general.
Explore the comprehensive Company Secretary services, a one-stop solution for compliance and governance. Learn about the crucial role of a Company Secretary in ensuring legal and regulatory compliance under the Companies Act, 2013. Discover the range of services offered, including tax planning, accounting, trademark registration, and GST compliance.
Discover the crucial role of a Company Secretary (CS) in ensuring compliance with legal and regulatory requirements under the Companies Act, 2013. Learn about their responsibilities, advisory role in governance, and contributions to Corporate Social Responsibility (CSR). Prakasha And Co, a team of experienced Company Secretaries in Bangalore, offers expert compliance and governance services.
Learn about TDS under Section 194C of the Income Tax Act, applicable when making payments in pursuance of a contract. Explore provisions, time of TDS, threshold limits, and rates for individuals and other payments. Discover circumstances where TDS is not applicable, and understand the calculation process. Get insights on specified persons, work definitions, and FAQs for clarity on compliance. Stay informed to ensure accurate TDS deduction and meet legal requirements.
Explore FAQs on MCAs V-3 portal and the 56 forms of the Companies Act, 2013, effective from January 23, 2023. Learn about changes in filing processes, information requirements, and form attachments. Get insights on the incorporation process, DSC registration, and other essential aspects of MCA V-3. Stay informed about the categorization of entities into large corporations, mid-sized corporations, and small/start-ups, each with specific compliance requirements. Stay updated on the latest amendments and procedures for a seamless filing experience.
Stay updated on SEBIs amendments to the Listing Obligations and Disclosure Requirements (LODR) Regulations of 2023, enhancing the listing regime for companies. Explore changes in corporate governance norms, disclosure requirements, and regulations on related party transactions. Learn about categorization of entities into large corporations, mid-sized corporations, and small/start-ups, each with specific compliance requirements. Gain insights into provisions on insider trading, prevention of market manipulation, and measures for investor protection.
GSTIN (Goods and Services Tax Identification Number) is a unique 15- digit number to every taxpayer, either taxpayer is dealer or supplier or any business entity.
Stay informed about the Companies (Registered Valuers and Valuation) Rules, 2017, with a focus on Surrender of Membership and Expulsion rules. Explore details on temporary surrender, conditions for acceptance, revival, and procedures for surrendering or expelling membership. Comply with the guidelines to avoid grievances or disciplinary proceedings. Keep track of bye-laws 9 for registration conditions and ensure adherence to the Code of Conduct.
Stay informed about the Companies (Appointment & Qualifications of Directors) (Amendment) Rules, 2023, effective from January 23rd, 2023. Explore changes in director disqualification declarations, filing requirements, and updated forms (DIR-3, DIR-3C, DIR-5, DIR-6, DIR-8, DIR-9, DIR-10, DIR-11, DIR-12). Keep track of MCA updates for compliance.
