The doctrine of mutuality is a doctrine derived from the theory that a person cannot make a profit from himself. This doctrine is generally applicable in the case wherein a group of people form an association and pool in their surplus income in the common fund of the association. The fund that is collected in this pool is used in furtherance of the benefit of the members, depending on the nature of the association.
Unarguably, having your own brand and developing it is one of the best things you could do to have a prosperous business and thus protecting the brand is also pertinent which could be done through registering your brand as a trademark with the appropriate authority. Registering a trademark is easier said than done as it’s […]
In the wake of the continuous disruption caused by the COVID-19 pandemic and as a result of various requests received from the businessmen and entities registered under the GST regime. The government has extended by a month the deadlines for furnishing annual returns for 2018-19 under the goods and services tax (GST) regime through the way of the circular. It stated “After the […]
The CBDT has announced certain key changes in the income-tax provisions for certain payments and expenses, which shall be applicable from Oct 1st, 2020, for facilitating ease for the assesses and taxpayers for the Act. Many of the taxpayers, investors, depositors, and consumers will get affected by the new provisions such as changes in key timelines to file revised (ITRs) and new […]
In the wake of the continuous disruption caused by the COVID-19 pandemic and as a result of various requests received from the businessmen and assesses under the Income-Tax Act 1961. The Central Board of Direct Taxes (CBDT) on September 30 prolonged the last date for filing belated and revised ITRs for Assessment Year 2019-20 from September 30, 2020, to November […]
The nation’s most complex indirect taxation system became one of the biggest taxation reform systems and came in the form of GST in India. The Indian economy has got a lift with the cascading effect of GST within the long term. The successful GST implementation with a unified tax structure across diverse Indian regions felt […]
Before discussing the above subject matter, let us first understand what PMLA is and what is IBC As per Insolvency and Bankruptcy code 2016, if any person who has taken any loan and committed default, then the application can be filed in front of the Hon!ble National Company Law Tribunal As per section 3(23) the […]
Ministry of Corporate Affairs (MCA) vide its notification dated 10th September, 2018, inserted Rule 9A of Companies (Prospectus and Allotment of Securities), Rules, 2014, for Issue of securities in dematerialised form by unlisted public companies which is effective from 02nd October, 2018. As we all are aware that the filing of PAS-6 form is nearby […]
Replacing Foreign Exchange Regulation Act, 1974 (FERA) with Foreign Exchange Management Act, 1999 (FEMA) was a welcome move giving abundant opportunity and confidence to Indian Business, to go global fearlessly, by liberalizing the laws and taking out the draconian portion of law with relaxing provisions. It took more than 50 years to realize and implement […]
Evaluation methodology to know Risk level of Mutual Fund (MF) Scheme Pursuant to SEBI Guideline for Product Labeling in Mutual Fund Schemes – Risk-o-meter dated 05th October, 2020 Market Data suggests that investor returns are, in most cases, lower than investment returns. Mutual fund advisors say that this is because investors make some common mistakes […]
