Conduction of Annual General Meeting (AGM) through Video Conferencing (VC) or Other Audio Visual Means (OAVM) The Ministry of Corporate Affairs (MCA) vide its General Circular No 14/2020 issued earlier, on April 08, 2020, allowed the Companies to hold their Extra-Ordinary General Meetings (EGM) through Video Conferencing (VC) or Other Audio Visual Means (OAVM). Later on May […]
INTRODUCTION Corporate Governance is the collection of mechanisms, processes and relations by which corporation are controlled and operated. It includes monitoring the actions, policies, practices and decision of corporation, their agents and affected stakeholders. It is a practice to align the interest of stakeholders. The subject came into force in the late 80’s and 90’s, […]
In view of the ongoing spurt of the COVID-19 pandemic and in the interest of the Chartered Accountants, I have prepared this article. With this article, I am going to cover some of the areas of the Auditing Procedures which have been impacted by the Outbreak of Corona Virus and how the reporting is required […]
Nominee shareholder: 1. Means a person whose name is entered in the registered of member, who hold share in behalf of actual owner of share. 2. Nominee shareholder has to make declaration, 3. Nominee can be Natural Person or a Legal Person. Main Purpose: 1. To fulfill the minimum shareholders requirement as per the provisions […]
The 40th GST Council meeting was held on June 12, 2020 through video conferencing under the chairmanship of Union Finance Minister Smt. Nirmala Sitharaman and other panel ministers. Brief updates of the GST Council Meeting and its analysis wherever necessary are provided below: 1) Reduction in late fee for past returns Several taxpayers have failed […]
Everyone has some aims that they want to achieve over their lifetime. These are usually not one time events; at different stages of your life, new goals keep popping up. In most cases, we set and achieve goals without any conscious. But for that we have to make a financial plan.
Back drop Covid-19 pandemic has impacted business, financial markets and economy all over the world, including India, and created uncertainty and stress for business for reasons beyond their control. A nationwide lockdown is in force since 25th March, 2020 to combat the spread of Covid-19 which has added to disruption of normal business operations. Reforms […]
There has been a lot of confusion on taxability of director’s remuneration from companies in which they are directors in different forms. The confusion or doubts got mounted in the wake of recent conflicting advance rulings. CBIC has now come out with a detailed Circular No. 140/10/2020-GST dated 10.06.2020 which clarifies issues relating to taxability […]
If you are unaware of ‘POSH’ (Prevention of sexual Harassment at workplace) and its implications on your company for non-compliance, then beware, you are inviting trouble to your doorstep!
What is an important test to determine whether GST is leviable on services provided by directors? How are services provided by a managing director to a body corporate covered under GST?
