GST Council in its 37th Council meeting has approved the standard of E-Invoicing. We will understand here the basics of E invoicing. What is E-Invoice? If an invoice is generated by a software on the computer or Point of Sales (PoS) machine then does it become an e-invoice? Is e-invoice as a system where taxpayers […]
Analysis of Section 92 Of Companies Act,2013. 1. Particulars of Annual Return ( MGT -7 ) : • Registered Office Of the Company. • Principal Business Activites of the Company. • Particulars of Holding, Subsidiary and Associate Companies. • Details of Directors, Promoters, KMP, Members And Debentureholders. • Remuneration of Directors And KMP. • Penalties/ […]
If you read the opening paragraph and Section 238 of Insolvency and Bankruptcy Code 2016 it seems like all cases under the Code will be very easily resolved and all everything will happen in a time bound manner.
As most of you are aware, from years this issue is bothering many vendors who are dealing with either the government or with governmental agencies. I researched in many websites, but no article/discussion/query provided me the satisfaction or clarity on this debatable issue. In this article I have tried to breakdown the logic and provide […]
Understand the penalty and consequences for late filing of income tax returns (ITR). Know the due dates and avoid unnecessary penalties.
Loan borrowers all over the country are worried about the possibility of a hike in the marginal cost-based lending rates (MCLR) across banks. This predicts that loans ranging from personal to home loans are likely to become costlier. This occurred when the Reserve Bank of India (RBI) announced that the base rate for loans given […]
You might have read a lot on PMC bank debacle (including some of my articles on PMC Bank and DICGC) in the last couple of days. The communication to Governor RBI (I termed it as ‘an open letter’) write up and commentary will speak of the reality, the current state of affairs. The risk of losing […]
The Indian MSME sector is the second largest employer after agriculture sector for the country. Not just this, MSME sector can be accredited as the most important tool of ensuring equal distribution of wealth and resources resulting into de-risking of the economy. MSMEs work in sync with large industries as supporting units and thus, contribute […]
Article explains Securities And Exchange Board Of India (Buy-Back Of Securities) Regulations, 2018, Conditions and requirements for buy-back of shares and specified securities, General compliance and filing requirements for buy-back, Disclosures, filing requirements and timelines for public announcement, Disclosures, filing requirements and timelines for draft letter of offer, Offer procedure, Buy Back Through tender offer, […]
Q.1 What is DIN ? Ans: A Unique identification number allotted to an existing director or a person intending to become a director of a Company. Q.2 How DIN is Obtained ? Ans: 1. Any person intending to become a director in an existing company shall have to make an application in Form DIR-3. 2. […]
