Q 1. Which notification makes the voluntary winding up effective? The following notifications make the voluntary winding up effective: Ans: The Ministry of Corporate Affairs vide notification dated 30th March 2017 notified Section 59 of the Insolvency and Bankruptcy Code, 2016 which is relating to Voluntary Liquidation of Corporate persons.
India has been growing at a rapid pace to transform into one of the largest and fastest growing market, with having access to some of the best human resources in the world. There are many options through which one can start business in India. Setting up Subsidiary or Liaison Office in India can be one […]
Role & Scope of Chartered Accountant (CA) In Online AGM During Covid -19 ERA The concept of Annual General Meeting (AGM) has been defined under Section 96 of the Companies Act, 2013. It can be considered as an annual gathering of Directors and Shareholders/members of the Company to discuss the future of the Company and […]
Get to know the latest updates on the school/college fee row reaching the Apex Court for final adjudication. Find out how different High Courts have ruled on this issue.
We would like to bring to your notice that CBIC has issued several Notifications [Notification No. 48/2020 – Central Tax to Notification No. 57/2020 – Central Tax] & Removal of Difficulty Order No. 01/2020- Central Tax whereby some Relief is granted. The following is the summary of the same for your ready reference: I. Notification […]
Definition of Private Company As per Section 2 (68) of the companies Act, 2013 Private Company means a Company which by its articles – i. Restricts the rights to transfer its shares ii. limits the No. of Members to 200, except in the case of One person Company iii. Except in case of One person […]
The recent ruling could potentially put individuals into jeopardy with no clear distinction between personal and business purpose outlined by the authorities. This ruling can bother many interest earners like retired person (who will required to take GST Registration as per this Ruling) as it has not distinguished between interest earnings in the individual capacity and in the business capacity.
Compilation of Section 47(iii), section 56(2)(x)(c), 50D & 50CA -Corporate gifts- an allowable transaction under Income tax? Purpose of section 56 defeated by the ITAT judgement? Brief overview of the judgement delivered On October 4, 2019, in a recent judgement of M/s Direct Media Distribution Ventures Private Limited v/s Principal Commissioner of Income Tax (ITA No: 2211/Mum/2019),the Mumbai bench […]
In this write-up, I am going to discuss the Alteration of the share capital of the limited company. For this, we have to understand what is authorized capital and what is the alteration of share capital. Article discusses What is Authorized Capital of the Company, What Is Alteration Of Authorized Share Capital Of The Company, […]
Learn about the key amendments in the Indian Stamp Act, 1899 – Part II. Discover how these changes will enhance the securities market and promote ease of doing business.
