How Maruti Suzuki is able to maintain more than 40% market share in Passenger Car Segment from past 20+ Years Introduction: Maruti Suzuki India Limited (MSIL) which was founded by Govt of India to merge with Suzuki Motor Corporation of Japan for manufacturing & selling of passenger vehicles in India. MSIL is 15 years older […]
Loan to Managing Director/Whole–time Director by the Company (Public and Private Company) Under Companies Act, 2013. Background: Section 185(1) of the Companies Act,2013 No company shall, directly or indirectly, advance any loan, including any loan represented by a book debt to, or give any guarantee or provide any security in connection with any loan taken by,— (a) […]
A. PAN in Returns or Certificates or Correspondence Every person shall quote his permanent account number (PAN) in all his returns or challans or correspondence with any income-tax authority. Other than this, every person shall quote his PAN in all documents pertaining to the transactions specified in rule 114B and given in the table below: […]
Financial year and First Annual General Meeting (AGM) of newly incorporated Company. Under the Companies Act, 1956 (‘Old Act’), it was open to the Companies to determine any period as their financial year (for example- 1st April to 31st March or 01st January to 31st December). However, the Companies Act 2013 (‘New Act’) did not give this leverage as New Act […]
Clearing up misconceptions about income tax for salaried individuals. Get answers to common doubts and understand the process of filing tax returns.
Just start – don’t wait for right opportunity – create it. There are numerous ideas which are comes in our mind in a single day. Out of that two to three ideas are such that we should start work on it. But we shouldn’t. Why? Following are some of the myths / reasons going in […]
FLA is Return on Foreign Liabilities and Assets which is governed by FEMA, 1999. The RBI has started a web-based system online reporting portal – Foreign Liabilities and Assets Information Reporting (FLAIR) for submission of foreign liabilities and assets (FLA) return. Applicability of FLA return Following entities are required to file for FLA return: > […]
In order to manage finances by saving money on taxes, Tax planning is vital. It is important to develop certain strategies to shrink off the taxes. Tax saving can be easy if done in a correct manner. There are various sharp-witted strategies to stay away from paying excess of taxes and save as much as […]
Penalty for non-compliance of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 SEBI had issued various Circulars from time to time, specifying the uniform structure for imposing fines for non-compliance with certain provisions of the Listing Regulations and the Standard Operating Procedure for suspension of trading in case the non-compliance is continuing […]
Prevention of Money Laundering Act, 2002 (PMLA 2002): Courts on curbing Financial Terrorism Money Laundering, most commonly understood to as the conversion of black money into white money, has time and again been held to be one of the most serious offences by the Courts in India. The Prevention of Money Laundering Act, 2002 was […]
