सीबीआई द्वारा कराया गया फारेंसिक आडिट वर्ष 2012-17 ने साबित कर दिया कि एक बड़े स्तर पर कंपनी और उनके निदेशकों द्वारा अवैध लेनदेन, धन का दुरूपयोग, आपराधिक मिलीभगत, साजिश, विश्वासघात, धोखाधड़ी और भ्रष्टाचार अंजाम दिया गया था. तो फिर बैंकों के समूह जो आईसीआईसीआई बैंक द्वारा लीड किया जा रहा था और जिसमें आडीबीआई […]
Micro Finance sector consisting of a verity of players that includes Non-governmental organisations ,cooperatives, self help groups , Non-Banking Finance Institutions ,some depending on donor funds and external borrowings and some other operating with savings, donor resources and external debts. These micro finance institutions are on driving seat in development of Indian economy. The Government […]
Advance Ruling was a concept roughed on in early 1970s recommended by Wanchoo committee introduced through Chapter XIXB Income Tax act via finance act,199 and from sections 245N to section 245V. The concept of advance ruling is a common institution in Europe and western countries, and the primary objectives for AAR was firstly to reduce […]
What is SME Exchange ? SME exchange is a stock exchange for trading the shares of small and medium enterprises who otherwise would find it difficult and costly to get listed in the main board of a recognized stock exchange as per SEBI (ICDR) Regulations, 2018. Stock Exchange for SME ? There are currently 2 […]
Taxation of individuals by a state works on a deeply embedded principle of giving back to the state for the services provided by the state such as good governance, welfare schemes, defense and others which are required for a state for maintenance and expansion. This principle although looks simple and efficient, requires the state to answer the basic question : How to Decide WHO to tax ? And providing theoretically and morally reasons to support taxing such individuals. One such answer given by the United States, Eritrea and Philippines is citizenship-based income tax rules.
‘Educating and training physical, mental and spiritual practices of Yoga’ are classifiable under Physical well-being including health club and fitness centre” Services under HSN code 999723 and liable to 18% GST.
INC-20A is a Declaration for Commencement of Business form. According to the new section 10A(1)(a), of the Companies Act, 2013, and Rules 23A of the Companies (Incorporation) Rule 2014, it is imperative for a director of an incorporated company to file an INC 20A form with the Registrar of Companies (RoC). The company cannot conduct […]
Foss v. Harbottle is a landmark English case in the company law, which is known for the propounding of ‘proper plaintiff rule’ and ‘majority rule’. While the rule in Foss v. Harbottle is well laid, there exist certain exceptions to it of which personal rights enjoy a rather strong immunity to its application. In light […]
The Securities and Exchange Board of India (SEBI) vide its circular no. SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021, consolidated existing procedures pertaining to issue and listing of Non-convertible Securities, Securitised Debt Instruments, Security Receipts, Municipal Debt Securities and Commercial Paper (Operational Circular). Further, to bring uniformity in requirements and based on feedback from market participants, SEBI […]
SECTION 269SU: AN INTIATIVE TO BOOST DIGITAL TRANSACTION The Government of India has adopted several fiscal and non-fiscal measures to move towards a less cash economy, to reduce the generation and circulation of black money and to promote the digital economy, The GOI with a vision to transform India into a digitally empowered society and […]
