The key synopsis of the Article encompassing November, 2021 updates is as under: 1. SEBI has notified SEBI (LODR) (Sixth Amendment) Regulations, 2021 to significantly widen and strengthen the ambit of Regulations with respect to Related party(ies) and Related Party Transactions (RPTs) w.e.f. 01st April, 2022 including requiring certain RPTs of Subsidiary Companies requiring approval […]
The concept of Independent Directors is a welcome step for corporate governance in India. Independent directors are expected to use their capacity, knowledge, and resources towards the maximization of stakeholders’ value and well-being.
The co-operative movement that was started to help the rural indebtedness has now made noticeable progress. The sector has grown in size and expanses, resulting in creating a space for itself in the economic framework of the country.
One of my friends working in an MNC and making nearly 6 figure salary says that it is very easy for people to earn money through stock market. It seems he makes around 3 lacs per month by investing in options. He even sent me screenshots of the profits he earned. Another Friend says he […]
Introduction: The word ‘AUDIT’ has Latin origins. It is derived from the Latin term ‘audire,’ which means to hear as back then auditor used to listen to the accounts read over by an accountant in order to check them. In general, it is a synonym to control, check, inspect, and revise. From the time of […]
CBIC vide Notification No. 37/2021–Central Tax dated 01.12.2021 makes the following amendments in Form DRC-03: In the heading, after the words ‘or statement’, the words, letters and figures ‘or intimation of tax ascertained through FORM DRC-01A’ shall be inserted; Intimation of payment made voluntarily or made against the show cause notice (SCN) or statement or […]
The term ‘Expatriate Tax’ is not defined under the Income Tax Act, 1961. However, in general terms, expatriate means a person who is living outside the country of his origin or where a country of which he does not hold citizenship.
Applicable provisions: Section 92(2) of the Companies Act, 2013 read with Rule 11 of Companies (Management and Declaration) Rules, 2014. The annual return (Form MGT 7), filed by a listed company or, by a company having such paid-up capital and turnover as may be prescribed, shall be certified by a Company Secretary in practice in […]
The term ‘money laundering’ is generally attributed to the collective of procedures involved in legitimizing assets amassed by means which may not behave been legitimate. Described otherwise, it involves the transmutation of ill-gotten proceeds into ostensibly legitimate assets, and sometimes into businesses developed as means to generate more revenues to finance the very ill-means from where the proceeds were generated in the first place.
Have you ever felt like you were working hard but stuck? Have you ever thought about what you want to do in five years? Or what do you want to achieve right now? Setting goals is much more important than it seems at first glance – without goals everyone lacks focus and a sense of […]
