Article explains Steps of Fast Track Merger Under Section 233 of Companies Act, 2013 read with Rule 25 of Companies (Compromises, Arrangements and Amalgamations) Rules, 2016. Steps of Fast Track Merger Under Companies Act, 2013 Points Particulars Forms and Time lines Sections Applicable Section 233 of Companies Act, 2013 and Rule 25 of Companies (Compromises, […]
How does a messy cupboard look to you? Often a place where things are not arranged and you can’t find a dress ever when it is needed. But when you clean that cupboard, decide to organize the clothes, you find that dress you needed the other day for an occasion. That’s how organization works even […]
‘Business Transfer’ here is referred for Slump sale transactions where a running business units or business as a whole are transferred for a lumpsum consideration without assignment of values to individual assets and liabilities’. In this regard, we have witnessed an important AAR as well in the case of M/s. Rajashri Foods Private Limited. However, […]
The recent article in the economic times reporting that the remuneration paid by the Company to its director would attract GST under reverse charge mechanism under RCM has created lot of confusion and unrest among the corporates, this article aims at giving an insight on this subject. The levy of GST is governed by Section […]
This acquisition was the world’s biggest e-commerce deal which has impacted the whole segment of retail marketing. Although there were certain issues which was faced by Flipkart & Walmart during this Acquisition deal.
The Company, Clay Craft India Pvt Ltd. sought for clarification before Rajasthan- AAR No. RAJ/AAR/2019-20/33 as to whether the salary paid by them to directors would be liable to GST. The brief facts on the remuneration and roles and responsibilities of the directors of the Company was as below: -Directors of the company were working […]
Judgements of various NCLT Benches have had conflicting views on whether a Sole Proprietorship can apply to the Adjudicating Authority under the Code for initiating Insolvency Resolution Process of a Corporate Debtor for the outstanding debt which is due and payable.
With the outbreak of COVID-19 across and continuously growing in India, which forced the Indian Government to announce a ‘Lockdown’ for 21 days starting from 00:00 Hours of March 25, 2020. This Lockdown will definitely disrupt the businesses activities of all sectors as the Nation comes to pause. By understanding the disruption of the business […]
Due to Impact of COVID 19 Pandemic, CBIC had provide relaxations w r t filing of GST returns for the month of March, April & May 2020. Consider the due date extension chart given below:- Relaxation announced by CBIC w.r.t.Return/Form filing in view of COVID-19 Pandemic Turnover in preceding financial year Tax period GSTR- 1 […]
Recently, The Ministry of Corporate Affairs in pursuance of the Government of India’s efforts to provide relief to law abiding companies in the wake of COVID 19, has introduced the “Companies Fresh Start Scheme, 2020” which is already in vogue to provide a first of its kind opportunity to companies to make good any filing […]
