The Finance Act 2021, has widened the family base of the TDS Chapter by introducing a new member namely Section 194Q w.e.f. 1st July 2021. Likewise, Last year govt. introduced TCS on the Sale of Goods u/s 206C(1H). Earlier the applicability of TDS or TCS provisions were restricted to some specific items of Income or […]
My USA tax clients have started receiving third economic payment from Internal Revenue Service, * U S Treasury department, U S government. I am enclosing below the relevant website details for reference and shall cover the relevant information in this article. All information traces their origin to IRS website and I am totally bound by […]
The jurisdiction of a court determines the subject matter of the proceedings before it and interim reliefs are granted to protect such subject matter. To answer whether a testamentary court has the power to grant interim relief, it would be necessary to understand the jurisdiction of a testamentary court and the subject matter of proceedings […]
In India, when a common man thinks about incorporate any business entity, at the same time, too much options click in his mind with different entity structure; like Proprietorship, Partnership, LLP and Company etc. All structures have their pros & cons and legal requirements. His first decision impacts the future of the organization. So let’s […]
On 29 Jan. 2021, the current Budget Session was presented by Prime Minister Narendra Modi to satisfy the political dissidents’ desires. To deal with COVID-19 induced lockdowns, several mini-budget-like packages were announced last year.
The resurgence of COVID-19 pandemic recently headed different regions/states of India into lockdown which escalated difficulties in instituting the cases and filing applications in the courts at all levels. The Supreme Court Advocate on Record Association (SCAORA) took note of such a daunting situation before the litigants and filed the interlocutory application before the Supreme […]
Appointment of Key Managerial Personnel | Section 203 read with Companies (Appointment and Remuneration of Key Managerial Personnel) Rules, 2014 Please find attached the article on appointment of Key Managerial Personnel. Please check the content in web layout version in MS word to see the diagrams properly. Key managerial personnel (KMP) is appointed to supervise […]
Should Indian parties be given interim protection by courts to arbitrations seated outside India? Section 2(2) of the Indian Arbitration and Conciliation Act, 1996 (the Act) states that provisions of Part I apply ‘where the place of arbitration is in India.’ This created confusion regarding the applicability of Part I of the Act to foreign […]
Securities and Exchange Board of India (SEBI) in its recent Circular for Investment Advisers dated 23rd September, 2020 titled “Guidelines for Investment Advisers” stated that, as per Regulation 19 (3) of the amended Investment Adviser Regulations, Investment Advisers shall ensure that Annual Audit in respect of compliance of SEBI (Investment Advisers) Regulations, 2013 and circulars […]
Nomination and Remuneration Committee under Companies Act, 2013 vis-à-vis SEBI (LODR) Regulations, 2015 Points of difference Companies Act, 2013 SEBI (LODR) Regulations, 2015 Provision Section 178 r/w Rule 6 of Companies (Meetings of Board and its power) Rules, 2014. Regulation 19. Applicability Every listed Public Company; or All Public companies with a paid up capital […]
