Meaning of Independent Directors and their Meeting thereof as per Companies Act, 2013 Independent Director help in bringing Independent judgement and act as a bridge between management and shareholders by encouraging the principles of Corporate Governance through providing transparency, accountability and disclosures in the working of the Company and assist the Company in implementing the […]
Exercise has long been seen as a way to stay healthy and fit. The benefits outweigh this. This has both physical and physiological benefits. Physiological benefits include mental health. Academics study the brain’s ability to capture, store and process information. The impact of sport on education is limitless. Students are encouraged to exercise at school. […]
In the case of Radha Krishan Industries v. the State of HP (2021) 35 J.K.Jain’s GST & VR 367, the Hon’ble Supreme Court held that, the power of provisional attachment of the property of the taxable person is draconian in nature and the conditions which are prescribed by the statute for a valid exercise of the […]
Understand the significance of Section 119 and its instructions to subordinate authorities by CBDT. Learn how it impacts tax administration.
Various extension requests already have been made which is still not considered by the GOVT, following are the due tasks to be completed for tomorrow 1. Last Date to file GSTR 4- Annual return for composition dealers for financial year 2020-21 2. Last Date to Opt out from Quarterly Return Monthly Tax (QRMP) and convert […]
Alignment of interest of Key Employees of Asset Management Companies (AMCs) with the Unitholders of the Mutual Fund Schemes The Securities and Exchange Board of India (SEBI), the regulator of securities market vide it’s circular SEBI/HO/IMD/IMD-I/DOF5/P/CIR/2021/553 dated 28th April, 2021 naming Alignment of interest of Key Employees of Asset Management Companies (AMCs) with the Unitholders […]
APPLICABLE SECTIONS AND RULES In order to understand the concept of Private Placement better we have to look into applicable Sections and Rules which governs the said concept. ♦ Applicable Section: Section 42 of the Companies Act, 2013 ♦ Applicable Rule: Rule 14 of the Companies (Prospectus and Allotment of Securities) Rules, 2014 PRIVATE PLACEMENT […]
Comprehensive analysis of taxability on distribution of assets by a partnership firm to its partners on its dissolution or reconstitution Finance Act, 2021 made some significant amendments with respect to taxability of distribution of capital assets, stock-in-trade or money by a partnership firm to its partners on its dissolution or reconstitution, which has been discussed […]
This article is in respect to ‘Guidelines for Appointment of Statutory Central Auditors (SCAs)/Statutory Auditors (SAs) of Commercial Banks (excluding RRBs), UCBs and NBFCs (including HFCs)’ issued by RBI vide DoS.CO.ARG/SEC.01/08.91.001/2021-22 dated 27/04/2021 The guidelines are issued for appointment/reappointment Statutory Central Auditors (SCAs)/Statutory Auditors (SAs) of Commercial Banks excluding Regional Rural Banks (RRBs); United Co-operative […]
Understanding the implications of not maintaining books of accounts under section 271B of the Income Tax Act. Learn about the penalties and favorable judgments.
