In pursuance of the Government of India’s efforts to provide relief to law abiding companies and in the wake of COVID 19, the Ministry of Corporate Affairs, has introduced the ‘Companies Fresh Start Scheme, 2020‘ a first of its kind opportunity to companies to make good any filing related defaults, irrespective of duration of default, […]
In part I of this article, we tried to analyzed and understood provision of sub-section (1) of section 94B. In this part, we try to analyze and understand remaining portion of section 94B as below, Proviso to sub-section (1) Provided that where the debt is issued by a lender which is not associated but an […]
Contract drafting is a process where in the drafting person will draft a contract from the starting point (Title of the Agreement) to the end point (Miscellaneous segment/signature block). In contract vetting process, drafting person will be a reviewer and will just work on the existing contract template (which is already drafted one) to do […]
Companies Fresh Start Scheme, 2020 The MCA vide its circular dated 30th March 2020 has issued Companies Fresh Start Scheme, 2020 to promote defaulting companies to make a fresh start on a clean slate and waive the additional fee as charged under section 403 of Companies Act, 2013 which is applicable on certain forms to […]
In order to discourage cash transactions and move towards less cash economy, With effect from 01/09/2019 a new Section 194N is inserted to levy for TDS at the rate of 2% on cash payment in excess of Rs. 1 crore in aggregate made during a financial Year. The Scope of TDS on cash withdrawal has […]
RBI Governor’s address on Indian response to world economic crisis, delivered on 27th March 2020 on account of COVID virus My sister Smt. Uma Srinivasan, a globe trotting expert on Indian banking asked me to write an article on banking in response to emerging economic crisis. The following article is being written based on RBI […]
The covid 19 has changed the dynamics of business and among all the sectors the Independent Financial Advisor segment is very much impacted. The industry of Financial Distributors has been battling with falling margins revenue and now the sudden impact of Covid 19 is a major setback. I find that in the coming days the […]
Corporate Social Responsibility (CSR) under Companies Act 2013- Concept, Applicability, Provisions, Penalty Corporate social responsibility (CSR) is how companies manage their business processes to produce an overall positive impact on society. It covers sustainability, social impact and ethics, and done correctly should be about core business – how companies make their money – not just […]
EPIDEMIC DISEASES ACT 1897-One of India’s essential weapons against the Covid-19 pandemic is a 123-year-old frontier enactment when used to detain political dissidents.
The recent worldwide crisis on account of outbreak of Novel Corona virus (COVID-19) and resultant 21 days lock down declared by Govt. of India has put everything standstill in our Country. Prior to complete lock down announced by the Central Govt., many State Govts. has also declared complete lock down in their respective States. As […]
