Procedure for transferring unclaimed or unpaid dividend to Investor Education and Protection Fund (IEPF) in brief Applicable Provision: Rule 5 of the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016 r/w Section 125 of Companies Act, 2013. Below-mentioned is the procedure as given under Rule 5: 1. The amount of […]
Each and every person who employed or going to employed need to know some basic rights and benefits before joining to any organisation. This would help him or her to confident and prepare for any future discrepancy or dispute arise. I am trying to explain few of these in this article. Offer Letter – Before […]
Role of CFO comes with great responsibilities in the company. Considered as Key Managerial Person of the company it’s role and responsibilities are defined under the Companies Act, 2013 and SEBI (LODR) Regulations, 2015. Further to strengthen the Corporate Governance in the company CFOs shall bring out the material discrepancies found in the Financial Statements […]
Key Changes in the Provisions of Income Tax Act, 1961 effective from 1st April 2021 and onwards The Finance Bill, 2021 received the assent of honourable President of India on 28th March, 2021 upon which it came to be known as the ‘Finance Act, 2021’. Like every year, this year also numerous amendments have come up […]
Covid 19 is not over yet and the more deadly second wave of Covid-19 is unexplained and unpredictable in terms of human loss. Before coming to the student’s issue, it a matter of great relief that the questions raised through my open letter to your good office regarding benevolent fund are taken care of and hopefully, Benevolent Fund is going through a change of mind-set and will surely be beneficial for the members in distress.
During the ongoing pandemic of COVID 19, various States are again imposing restrictions, curbs and curfews to restrict interaction as a measure to stop spread of the disease. Fortunately, various measures undertaken by government till now are bringing positive results and in the past few days there is a gradual reduction in number of daily […]
What is ITR: ITR stands for Income Tax Return. The Income Tax Act, 1961 governs all the ITR forms and procedures to be followed. This article gives an in-depth understanding of the ITR definition and types of ITR forms. Income Tax Return (ITR) is a form in which the taxpayers file information about their income […]
Want to invest? or want to sell or buy business? or want to raise capital? In order to begin with such transaction, one has to execute an initial agreement i.e. ‘Term Sheet’.
The Companies Act, 2013 provides the provision for conversion of debts owned by a Company into shares of the Company. Regulatory Law: Section 62 of The Companies Act, 2013 This section enables loan borrowed by a Company to be converted into shares of that Company. The relevant provisions of Section 62 of the Act are […]
A company consists of members, though it has its own separate legal entity, and it is these members that constitute the whole company as a corporate entity. But who actually is a Member? As per Section 2(55) of Companies Act of 2013, member in relation to a company means: -The subscribers to the memorandum of […]
