Section 169 of the Companies Act, 2013 (Act) deals with the procedure of Removal of Directors. The write up mentioned below endeavours to answer some of the frequently asked questions relating to removal of directors: Who can exercise the right of removing a director from a company? The shareholders of a company may pass an […]
Insolvency and Bankruptcy Code (IBC) seeks to provide resolution to a Corporate Person and also Individuals or partnership firms in case of default is made by such persons in making payment which is due and payable to another person. The code for the purpose of Corporate person operates with the object to initially try and […]
To cultivate the habits of savings among customers Post offices offers various savings schemes to their customers, i.e. Post office Savings Account, National Savings Recurring Deposit Account, National Savings Monthly Income Accounts, Senior Citizen Savings Schemes Account, Public Provident Fund Account, Sukanya Samriddhi Account, National Savings Certificates, Kisan Vikas Patra. Some of these schemes are […]
Liquidated Damage- No Service Tax on Penalty for Un-authorize Use of Electricity 2021 (2) TMI 821 – CESTAT New Delhi in M.P. Poorva Kshetra Vidyut Vitran Co. Ltd. Versus Principal Commissioner CGST And C.E Bhopal Facts of the Case Appellant is engaged in the business of distribution of electricity. In the course of business, certain […]
Article explains What is dormant Company, What is a defunct company, Status of a Defunct Company, Process To Apply For Dormant Status, Conditions for obtaining the status of dormant company, Dormant Company Compliances requirement, What are the benefits and exemptions provided to a dormant company and How to reactivate a Dormant company? What is dormant […]
Article explains Meaning of Start Up, Key Points To Understand a Start up, Eligibility Criteria for Startup Recognition, Some Benefits of start up and Registration and fees of Start-up. Meaning of Start Up A startup or start-up is a company or project initiated by an entrepreneur to seek, effectively develop, and validate a scalable business […]
Today’s Economic Times carries a promising news on a group conducting online fantasy games in India and getting a fancy market valuation in international market. NITI Aayog got its publication titled “Guiding Principles for the Uniform National-level Regulation of Online Fantasy Sports Platforms in India” on its website and invited suggestions or views from all […]
HC set aside the order imposing liability of Service tax along with interest & penalty and order in Form GST DRC-16 by the Assistant Commissioner for attachment of factory premises on the ground that no opportunity of personal hearing was given and held that one opportunity shall be given to appear and to defend the case.
Government in Budget 2021 notified Leave Travel Concession (LTC) cash Voucher scheme. In view of the situation arising out of outbreak of COVID pandemic, it is proposed to provide tax exemption to cash allowance in lieu of LTC. Initially, the scheme was announced in October 2020 for Central Government Employees and later via a press […]
The whole Covid-19 pandemic situation has made government to release a lot of relaxations and clarifications. One major concern that was brought forward for the clarification was the question of double taxation. Due to the pandemic, lot of flights were suspended making the temporary stay of the non-residents in India to extend for the further […]
