Keynote Address by Shri Shaktikanta Das, Governor, Reserve Bank of India – Delivered at the Unlock BFSI 2.0 with Business Standard on Thursday, August 27, 2020, has been reported in RBI web site which is reproduced below: https://www.rbi.org.in/Scripts/BS_SpeechesView.aspx?Id=1099 His speech will be analyzed in the following manner: How COVID 19 forced RBI to take timely […]
On 13 August 2020, between much pomp and fanfare, Prime Minister Modi announced the new Transparent Taxation platform i.e. the new way forward for the Central Board of Direct Taxes. The main idea behind the Transparent Taxation platform is ‘faceless’ assessments and faceless appeals. Further, the Prime Minister promised that the tax administration would attempt […]
In VAT it is very crucial to determine the place of supply of every transaction. Because, place of supply is the place where supply is considered to have taken place. Taxability on a particular supply depends upon its place of supply. Where place of supply is considered to be in UAE, tax is applicable on […]
The corporate law has brought various new schemes and amendments to the existing scheme in 2020. The various company law compliances are extended due to Covid -19 pandemic. Article contains summary of recent Important Notification/Circulars/Press Release issued by MCA, Compliance Calendar for Transactions related to F.Y. 2019-20, Detailed Analysis of Companies Fresh Start Scheme 2020 […]
LLP or Limited Liability Partnership is nothing but an alternative corporate form that provides benefits of “Limited Liability” to the designated partners at reasonable costs of compliance. It is a legal entity. However, the liability of all Designated Partners is limited to the portion as contributed by the Designated Partners. Hence, LLP have benefits of […]
The companies which are unable to hold their AGM for the financial year ended on 31.03.2020, despite availing the relaxations provided in the G.C. 20/2020 ought to file their applications in Form No. GNL-1 for seeking extension of time in holding of AGM for the financial year ended on 31.03.2020 with the concerned Registrar of Companies on or before 29.09.2020.
Deposits under Section 73 to 76A of Companies Act, 2013 (READ WITH DEPOSITS RULES 2014.) SECTION 73 TO 76A > Applicable to public as well as Private Company > Private- take deposit from member only Public- take deposit from member and public 1. Recurring deposits- Periodic interval 2. DD – Saving A/C when demand arises […]
Voting Rights of the Shareholders Introduction of Section 47 of the Companies Act, 2013 Every member of the company limited by shares holding equity share capital has right to vote in Company. Rights can be varied as per section 43(a) of the Companies Act, 2013; for private limited company section 47 is not applicable where […]
There are various compliances needs to be done by a Foreign Company, however before going into details one needs to understand the term Foreign Company. The word ‘Foreign Company’ has been defined under Section 2(42) ‘Foreign Company’. It includes a company or a Body corporate which is formed outside the territory of India and having […]
We are pleased to inform you that the Board of Directors has appointed you as the Whole-Time Company Secretary of the Company. You are requested to join the service of the Company and contact the undersigned so that you may be introduced to the concerned persons before you start functioning.
