Scope of Section 194N of the Income tax Act 1961, and recent amendments to it brought by Finance Act, 2020 and Press release In the maiden Budget Speech, while presenting the Union Budget 2019, the Finance Minister Nirmala Sitaraman said that in a bid to promote digital payments and to discourage cash payments she proposed […]
♦ Purpose of the provisions of Section 185: To address the difficulties being faced in genuine transactions due to the complete embargo on providing loans to subsidiaries with common directors, the companies are permitted to give loans to entities in which directors are interested after passing special resolution and adhering to disclosure requirements. This would […]
Current Status: The bill received the accent of the President on and was published as “Code of Wages,2019” in the Official Gazette on 8th August 2019. It shall come into force on such date as the Central Government may, by notification in the Official Gazette appoint and different dates may be appointed for different provisions […]
Why Aircel has filed for Bankruptcy despite being a Sixth Largest Telecom Company with around 7.5 Crores Subscribers in the month in which application is filed. Introduction: Aircel Limited, which was incorporated in the year 1999 by Sivasankaran, since its Incorporation, it was growing at a good rate. In the initial stages, it started its […]
Companies moving from China to India may not have a major beneficial impact on the country’s economy. In this article, we will be focusing on why companies exiting china are preferring Vietnam over India.
A major Source of income for IPL teams is Media rights for broadcasting IPL. When IPL was started in 2008, Sony has acquired broadcasting rights for ten years for a price of Rs 8200 Crores (i.e., 820 Crores per annum) but same rights for the five year period 2018-22 were acquired for a whooping price of Rs 16,347 Crores (i.e., 3,269 Crores per annum which is 4 times the earlier price) by Star India
MCA has made available Form PAS-6 for filing as e-Form w.e.f 15th July 2020. It is a form for Reconciliation of Share Capital Audit Report (Half Yearly). Laws governing the e-form: Rule 9A of Companies (Prospectus and Allotment of Securities) Rules, 2014 This rule deals with Issue of securities in dematerialised form by unlisted public […]
Why a 262-year-old listed travel company (i.e., Cox & Kings) with a value of 9000 Crores in FY 2017-18 went bankrupt for non-payment of just 200 Crores Loan in Oct 2019 Introduction: Cox & Kings Ltd set up in 1758, is one of the longest established travel companies. Headquartered in India and the UK, the […]
One thing is sure- the Covid-19 Pandemic, which has plagued the whole world, is not ending soon. Rather it is reappearing in some countries after its extinction. The present pandemonium & chaos would only end if the virus dies on its own or its cure/vaccination is soon developed or there is ‘herd immunity’ amongst the people.
As we all are aware that Ministry of Corporate Affairs (MCA) in strict action mode since last 2-3 years and have strike off large no of Companies on its own motion and disqualified their directors for being a director for five years, just because of non-filing of due Statutory Annual Returns for continuously last Three […]
