Trade Union & Dispute Settlement under Industrial Relation Code 2020. On September 28th, the Lok Sabha passed 3 new labour codes namely the Industrial Relations Code, 2020, the Occupational Safety, Health and Working Conditions Code, 2020 and the Code on Social Security, 2020 among which Industrial Relations Code has encompassed The Industrial Disputes Act, 1947 […]
Retirement planning is not an easy task. It requires an organized approach to ensure that life post retirement for a person remains worry free for an individual. Since in our country, social security is conspicuous by absence for majority of people, it becomes very important for a person to prepare for retirement as early as […]
The IBC region witnessed another IBC amendment ordinance 2021 that provides relief to the micro, small and medium enterprises. Any default of one crore or less can be initiated under the pre-packaged process by the corporate debtor.
As per Section 2(68) of Companies Act, 2013, “Private Company“ means a company having a minimum paid-up share capital as may be prescribed, and which by its articles: > restricts the right to transfer its shares; > except in case of One Person Company, limits the number of its members to two hundred: Provided that […]
While browsing the website of the prestigious Bank of England, I happened to come to the following interesting study on the U.K. economy published by the Bank based on its 12 agents’ discussions with at least 700 businesses across the UK for the first quarter of 2021. The heads covered were consumer demand, business, and […]
1. Changes in Companies (Audit and Auditors) Rule 2014: – The auditor’s report shall also include their views and comments on the following matters: > Whether the management has represented that, other than as disclosed in the notes to accounts, no funds have been advanced or loaned or invested (either from borrowed funds or share […]
Looking only at the credit entries of the bank and assessment made u/s 144. The assessment framed is vague without looking at the complete bank of the assessee. This article contains the written submissions regarding how important it is looking at the complete material for reopening of assessment and assessment framed u/s 144 of the […]
Detailed Guidelines & FAQs of Emergency Credit Line Guarantee Scheme for all Business Enterprises/MSME Institution borrowers with loans of up to Rs. 25 Cr. & annual turnover of up to Rs. 100 Cr. The Emergency Credit Line Guarantee Scheme (ECLGS) has been formulated as a specific response to the unprecedented situation caused by COVID-19 and […]
Explore the implications of Section 50C of Income Tax Act and the new Pandora of Litigation. Understand the recent judgment and its potential impact on tax provisions.
GST Registration can be cancelled either suo-moto or on application filed by the registered person. But why would a person want to cancel the registration? Circumstances that would warrant the registered person to cancel his registration are: a) The business has been discontinued/transferred fully for any reason/amalgamated with other legal entity/demerged, or otherwise disposed of/death […]
