Ministry of Corporate Affairs has further simplified claim settlement process through rationalization of various requirements under Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016 with the mission and vision of Government of India of Ease of Living and Ease of Doing Business. Companies Act, 2013 and rules made thereunder, as […]
The assignment of budgeting, financial reporting, and/or compliance work to professional accountants in another country is known as outsourcing accounting. To accomplish this, a company owner will collaborate with an accounting and bookkeeping agency, who will present qualified candidates to them. Outsourcing production, investigations, and other operations were more common, but outsourcing human resource management, […]
Whether Sum Received By Holding Company From Subsidiary Under Scheme Approved By High Court -Considered As Slump Sale Whether any sum received from a subsidiary company by a holding company under scheme of arrangement sanctioned by High Court under provisions of Section 391 to 394 of the Companies Act, 2013 , be treated as ‘Slump […]
Certificate of Origin (COO): Certificate of Origin is issued to the exporters who are willing to export their products outside India and in order to verify the products, the exporter has to produce various documents before the authorities to prove that the product has been produced or manufactured in India. Issuing Authority of Certificate of […]
CORPORATE SOCIAL RESPONSIBILITY AMENDMENT UTILIZATION OF UNSPENT AMOUNT ON CSR ACTIVITIES (OTHER THAN ONGOING PROJECTS) [SECTION 135(5)] Reason for not spending the amount ⇓ Transfer such unspent amount ⇓ To a fund specified in Schedule VII ⇓ Within 6 months ⇓ Of the expiry of the financial Year UTILIZATION OF UNSPENT AMOUNT ON CSR ACTIVITIES […]
One crucial question is when does the pleading under Civil Procedure Code, 1908 (CPC) can be deemed to have been complete? Does filing of subsequent pleading after filing of Written Statement be permissible? Generally, Pleadings are completed when Defendant files its Written Statement (“WS”). However, the Order VIII Rule 9 permits the parties to file […]
Such delisting should not be pursuant to buyback of equity shares by the company or should not be pursuant to a preferential allotment made by the company unless a period of six months has elapsed from the date of completion of such buyback/ date of such allotment.
The missing report for ‘competency’ in legal aid extended to Disha Ravi?- News Video by NDTV India questions the free legal aid of DSLSA/DLSAs as mere formality with a story of reasons having no clear answers “There is no client as scary as an innocent man.” A request letter dated 28.02.2021 along with the copy […]
What is Employees Provident Fund? The Employees’ Provident Fund (EPF) is a scheme governed by the Employees’ Provident Fund Organization. EPF basically aims to provide social security and offers retirement benefits. The current article covers the basics of EPF; eligibility criteria of EPF; EPF contribution and distribution thereof; EPF registration procedure for employer and relevant […]
TDS – Tax Deduction at Source TDS is the abbreviation of Tax Deduction at Source. Basically, it is an income-tax which is deducted from the money paid at the time of making particular payments like salary; interest; rent; commission; professional fees etc. The present article clears up all the basic concepts of TDS. Person liable […]
