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Introduction to Partnership

March 4, 2020 56859 Views 0 comment Print

Introduction to Partnership ♣ Partnership is an association of two or more individuals who agree to share the profits of a lawful business. ♣ It is managed and carried on either by all or by any, or some of them acting for all. ♣ The formation of partnership is easy and simple. ♣ Each member […]

Understanding responsibilities and importance of independent director in a company

March 4, 2020 42684 Views 0 comment Print

Article explains Importance of independence of independent directors, Recognition And Importance Of Independent Director Under Company Law, Role of Independent Director in CSR Committee, Role of Independent Director in Board meeting, Role of Independent Directors in this Meeting, Role of Independent Director in Audit Committee, Role of Independent Director in Nomination and Remuneration Committee and […]

IMO 2020 Carriage Ban Comes into Effect

March 4, 2020 2145 Views 0 comment Print

The International Maritime Organization is an agency tasked with improving the security and safety of international shipping. One of its key duties is to devise strategies and measures to keep the waterways clean by preventing marine pollution from ships. International Maritime Organization (IMO) is an agency of the United Nations which has been formed to promote […]

FAQs on CRR exemption

March 4, 2020 1899 Views 0 comment Print

How to compute equivalent amount of incremental credit that can be deducted/exempted from the NDTL for the purpose of CRR? Whether factoring units of MSMEs discounted under the ‘Trade Receivables Discounting System (TReDs) are eligible for exemption/deduction?

Assessment of the progress of digitisation from cash to electronic

March 4, 2020 2028 Views 0 comment Print

Reserve Bank of India 1. Background 1.1 The digital revolution is taking the world by storm and no other area has witnessed such metamorphosis as payment and settlement systems, resulting in a myriad of digital options for the common man. Consumers now have a range of options to choose from when selecting a payment method […]

SC dismisses SLP against HC order in Adfert case allowing to file/revise TRAN-1

March 4, 2020 13461 Views 0 comment Print

The Hon’ble Supreme Court in the matter of Union of India v. Adfert Technologies Pvt. Ltd. [SLP No. 4408 dated February 28, 2020] has rejected a Special leave Petition filed by the department against the order of the Hon’ble HC, Punjab and Haryana allowing the Respondent to carry forward unutilized pre-GST credit, noting that being […]

February 2020- Monthly Statutory updates

March 4, 2020 5520 Views 0 comment Print

The monthly Newsletter – encompasses MCA notifications issued in the month of February 2020, informal Guidances given by SEBI on  SEBI SBEB , Takeover and Insider Trading Regulations and NCLT judgement in Videocon Insolvency case. Independent Directors who could not get themselves registered on IICA databank can rest easy. The deadline for registration has been extended […]

Taxability of Composite and Mixed Supplies under GST

March 4, 2020 33342 Views 5 comments Print

In this article, we will be discussing the meaning of Taxable Supply, Non-taxable Supply, Composite Supply, Mixed Supply and their taxability under the GST GST Regime

Vivad Se Vishwas Scheme

March 3, 2020 4272 Views 3 comments Print

Vivad se Vishwas can be availed by the appellant irrespective of whether the tax arrears have been paid either partly or fully or are outstanding.

CARO 2020 – Change in Reporting with Change in Vision

March 3, 2020 7158 Views 2 comments Print

The MCA has issued the Companies (Auditor’s Report) Order, 2020 (CARO 2020), on 25th February 2020 in supersession of the Companies (Auditor’s Report) Order, 2016. Applicable from: Audit of financial statements for the financial year commencing on or after 1st April 2019. Based on the government’s objective to strengthen the corporate governance framework and to […]

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