Part I – Law(s) Governing the eForm SH-9 Section 68(6) of Companies Act 2013 Where a company proposes to buy-back its own shares or other specified securities under this section in pursuance of a special resolution under clause (b) of sub-section (2) or a resolution under item (ii) of the proviso thereto, it shall, before […]
Part I – Law(s) Governing the eForm PAS-6 Section and Rule Number(s) Rule 9A: Issue of securities in dematerialised form by unlisted public companies:- (1) Every unlisted public company shall – (a) Issue the securities only in dematerialised form; and (b) Facilitate dematerialisation of all its existing securities in accordance with provisions of the Depositories […]
Part I – Law(s) Governing the eForm GNL-2 Section and Rule Number(s) eForm GNL-2 is required to be filed pursuant to the Companies Act, 2013 and the Companies Act, 1956. Purpose of the eForm Company can file certain documents with the Registrar of Companies by filing this eForm GNL-2 and in case there is no […]
The assessing officers and professionals preparing ITR of the assessee are required to satisfy themselves that the assessees were eligible for allowance of the exemption claimed under section 10(1) read with section 2(1A) of the act. Section 2(1A)(B) provides that the agricultural income includes, inter alia, any income derived from land in India by agricultural […]
‘Obiter dictum’ of some case in Supreme court─Can it be a sole basis for deciding another case by the Hon’ble Supreme Court On 10.12.2021, the Hon’ble Supreme Court in Union of India & Ors. v. Aap and Company (2021) J.K.Jain’s GST & VR 515 has reversed the judgment of the Hon’ble Gujarat High Court in […]
PRODUCER COMPANIES- (Section 581A to 581Z) of Companies Act 2013 Producer means any person engaged in any activity connected with or relatable to any primary produce and Producer Company means a body corporate having objects or activities specified in section 581B and registered as Producer Company under this Act. Object of Producer Company– Production, harvesting, […]
The year 2021 has been quite a ride for the Investment Advisors (IA) but it seems SEBI now has its eye on Research Analysts (RA) as well. To enhance transparency and bring about investors’ awareness, SEBI on 13th December 2021 has come up with a new set of disclosures that the IAs and RAs are […]
Q.1 What is meaning of the term copyright? Ans. A Copyright is ultimately a right provided by the law to the persons who are ultimately the creators of literary, dramatic, musical and artistic works and producers of cinematograph films and sound recordings. Indeed, it is a bundle of rights involving, rights of reproduction, communication to the […]
Annual Information Statement and Taxpayers Information Summary are two of the new statements recently introduced by the Income Tax department. The information reflected under the Annual Information Statement is categorized under 50 different information categories. One such information category is ‘Receipts from life insurance policy’ which is taken up and explained in the present article. […]
eForm MGT-6 -Return to the Registrar in respect of declaration under section 89 received by the company Part I – Law(s) Governing the eForm MGT-6 Section and Rule Number(s) eForm MGT-6 is required to be filed pursuant to section 89(6) of the Companies Act, 2013 which is reproduced for your reference. Section 89(6): Where any […]
