What is Corporate Law? Corporate law is the group of laws, rules, guidelines, and practices that administer the arrangement and activity of corporations. It’s the assemblage of law that manages legal elements that exist to direct business. The laws address the rights and commitments of the entirety of individuals involved with forming, owning, operating, and […]
Preference shares are suitable for investors who want a steady source of income without taking on the risks of volatility in the common shares. Preference shareholders also give up the upside potential of common shares as preference shares do not change their value substantially in any given holding period. Methods of Issue of Preference Shares: […]
Works contract have always been a matter of mystery and doubts, however in current GST scenario many things are sorted out unlike erstwhile VAT and Service Tax laws. In this article we have tried to compile and discuss all the relevant sections, rules and notifications in lieu of Works Contract Services. At the Outset definition […]
Hon’ble SC has in the case of UNION OF INDIA & ORS v/s M/S VISHNU AROMA POUCHING PVT. LTD. & ANR in SPECIAL LEAVE PETITION (CIVIL) Diary No(s). 1434/2021 has come down heavily on the lethargy on part of the revenue department in late filing of appeals, even when so much computerization have been achieved. […]
The Finance Act, 2020 came up with a number of amendments and introductions. One of such being the introduction of a new tax regime, which in essence is the biggest development and point of confusion for taxpayers. The Finance Minister announced a new set of tax slab rates for individuals, HUF and co-operative societies. For the […]
Amendment can be done of Bill of Entry/ Bill of Shipping/ Bill of Exports: Post clearance of goods for domestic consumption or export Legal provisions are meant to help the business and not otherwise. The provisions are not legislated to deny the legitimate benefit rather they should be interpreted in a way to help the […]
Business Services by ‘Airbus group India’ carried out in India to be classified as ‘Intermediary Service’- Karnataka AAR This post provides an update about the recent decision of Karnataka Authority for Advance Ruling (‘AAR’) in the case of Airbus Group India Private Limited (AAR No KAR ADRG 31/2021) (“The Applicant”). This AAR deals with one […]
Physical exports of goods are well monitored by the customs authorities. They are exported from various ports sea, air or though post, where the value of the goods exported are assessed. Proper Documentation of such exports are done so that the proof of export and the value is determined. Remittance is also received based on […]
Know about Start-Up Start-up India has gained momentum since it was announced by Government of India in the year 2016. The initiative was focused on the growth of start-up business and to encourage innovation and design. Conditions for an eligible Start-up Registered up to 10 years from the date of incorporation Is a private limited […]
Foreign Exchange Management Act, 1999 (FEMA) which was enacted by the Parliament has replaced the Foreign Exchange Regulations Act, 1973. 1st June, 2000 was the day when FEMA came into effect. Exchange Control of India since 1939 felt the importance of foreign exchange reserves as there was a huge shortage of it. Various rules for the system of exchange control became a necessity and were brought under the Defense of India Act, 1939.
