Section 165(1) A person cannot hold directorship including alternate directorship in more than 20 companies. Section 165 (1) not applicable to section 8 company. In the above limit of 20 dormant company is excluded. The maximum number of public companies in which a person can be appointed as a director shall not exceed ten. In […]
The Power to legislate a particular provision in a statute with a retrospective amendment is always available to the union or State legislatures. This power is a plenary power in respect of the fields that are demarcated to them and subject to constitutional restrictions and judicial review.
DUE DATES FOR VARIOUS RETURNS UNDER GOODS & SERVICE TAX GSTR 3B (Monthly Returns for Regular Taxpayers) Class of Registered Taxpayers Tax Period Returns to be filed on or before 1. Taxpayers having aggregate turnover of more than Rs. 5 Crores in the Preceding F.Y. February 2020 March 2020 April 2020 24/06/2020 May 2020 27/06/2020 […]
Commerce and Management Continues its historical activities during the extended lockdown due to Covid-19 in India I write about Commerce and Management in a third row to inform you about the historical, magical and healing work of Commerce and management during the extended lockdown due to Covid-19 in India.Whatever may be the subject, Whether it […]
In this article, we have tried to focus on the basic concepts that will enlighten about achieving the technical know- how and the provisions before making such Investment.
In the present article I am going to discuss the law and procedure of Audit to be conducted by the department and special audit as prescribed under GST law. The concept of Audit is not a new concept, the tax payers are already required to get his books of accounts audited under various law like […]
Any organization registered as Limited Liability Partnership (LLP) can be converted into Private Limited Company under Companies Act, 2013 (CA 2013). One of the main reasons to convert LLP into Private Limited Company is to avail the benefit of Tax as the percentage of tax is less in Company compared to LLP. Hence, organization who […]
Basis of Opinion At the outset, we would like to draw your kind attention to some of the key phrases and relevant extracts of certain notifications, connected with the subject matter to understand the concept with more clarity. Notification No. 12/2017-Central Tax (Rate), dated 28-6-2017 as amended from time to time 1. No. 4: Services […]
Article copiles orders related to Insolvency and Bankruptcy Code of Supreme Court, High Courts, National Company Law Appellate Tribunal, National Company Law Tribunal, Special Courts and Insolvency and Bankruptcy Board of India. A. Order of Supreme Court Anuj Jain Interim Resolution Professional for Jaypee Infratech Limited Vs. Axis Bank Limited Etc. Etc. [Civil Appeal Nos. […]
In this article we are going to discuss about the inserted two provision in GST in Schedule III of CGST Act which comprises the negative list under GST ie treated as NON-GST supply. Prior to this, there was very much ambiguity in law in respect of below mentioned transaction that whether it will treated as […]
