In a recent judgment, the High Court of Punjab & Haryana, in case of Abhishek Modgil Vs State of U.T. Chandigarh, dated June 12, 2020, granted anticipatory bail to 24 years young boy accused on account of committing an offence of tax evasion to the tune of Rs. 4,02,00,136 by generating bogus invoices of sales and […]
In order to boost the economy and promote exports from India, there has been various schemes notified under Foreign Trade Policy (2015-20) giving the incentive to the exporters to make the Indian products price competitive in the international markets. Further it is also clear that the taxes should not be exported as per the international norms and hence the benefits under FTP.
The input tax credit eligibility is based on the fact as to whether the goods or services or both are used for taxable supplies or exempt supplies. Where the goods or service or both are used for both taxable and exempted supplies, only proportionate credit is allowed to a registered person.
Introduction The concept of takeover is quite old but in India it began in the 20th century. The first effort to takeover was a failed one in the country. The first take over was of the companies Escorts Ltd. and DCM Ltd. It was however a failed one because there were not any rules and […]
All the companies incorporated under The Companies Act, 2013 are governed by the Companies Act, 2013. And apart from many other provisions, The Companies Act, 2013 has given the liberty for changing the existing name of company in case company is desirous of changing its name. Now, let us go through its important provisions, in […]
Section: 197 of the Companies Act, 2013 Remuneration to Key Managerial Personnel 1. Maximum ceiling for payment of Managerial Remuneration Section 197 of the Companies Act, 2013 prescribed the maximum ceiling for payment of managerial remuneration by a public company to its managing director whole-time director and manager which shall not exceed 11% of the […]
CORONA AND KARUNA! The unprecedented reversal in our life in the form of COVID-19 has thrusted the humanity in to inward journey! The miseries of the people worldwide forced everyone seeking spiritual remedy to this mysterious malaise! The latent impact of COVID 19 has shaken the base of Corporate world also beyond reasonable repair. Hence […]
HC: Marriage in violation of Permissible Age not Void but Voidable -orders for Registration of Marriage Hindu Marriage Act, 1955 mandates that the permissible age for marriage is 21 years for a male & 18 years in case of female. If anyone marries in violation of the said permissible age, there is contravention of Section […]
Meaning of Stock Exchange Stock exchange is a marketplace where securities, such as stocks and bonds, are bought and sold. In simple words Stock exchange is a place where investors meet to buy and sell securities of a Listed Company. Anyone who deals in the Indian Stock Market should know about the timings of Trade […]
ICAI FAQs on Scheme for relaxation of time for filing forms related to creation or modification of charges under the Companies Act, 2013 Corporate Laws & Corporate Governance Committee of the Institute of Chartered Accountants of India issued and FAQs dated 19.06.2020 on MCA Scheme for relaxation of time for filing forms related to creation […]
