Major differences between the old and the new Sch VI. Applies to all companies following non-converged Indian Accounting Standards. No possibility of conflict between Accounting Standard and Schedule VI as on modification of accounting standards prescribed under the companies act, Schedule VI would stand modified accordingly
There can be disputes between majority group and minority shareholders in any Company and these disputes come very frequently in closely held companies or Private Limited Companies. The Companies Act, 1956 provides certain rights to the shareholders
With the introduction of Cenvat Credit Rules in 2004 (“the Credit Rules”), cross credit between Service tax and Excise duty was allowed for the first time. While the intention of introducing these Rules was to prevent the cascading effect of taxes,
“Ill gotten gains” are not the ill-ones if caused due to the interpretations of law. To survive in the cut-throat competition, the EOUs were allowed to clear the goods in Domestic Tariff Area. Being allowed the benefits like duty free import of input
Punjab and Haryana High Court in a recent case namely Tata Sky Limited v State of Punjab and another has held that levy of entertainment duty on providing entertainment by broadcasting signals on TV sets is intravires of the powers of the State Legislature. The Petitions of TATA Sky Limited challenging the levy of entertainment duty under Punjab Entertainment Duty Act 1955, has been dismissed.
Under the current Visa regime, a Research Visa (RV) is given to Research Professors or Scholars and to Foreign Nationals (FN) attending research Conferences/Seminars/Workshops. The Ministry of Home Affairs (MHA) has recently come out with the FAQ’s o
Earlier, it was informed to the Hon’bel High Court was informed that the SLP filed in the earlier writ petition of Home Solution as well as the subsequent one was admitted and the Hon’ble Supreme Court has granted stay against the order passed
Ravaged by many scandals and widely criticised the Prime Minister (PM) Manmohan Singh (MMS) eventually decided to break silence to reveal all. He has taken a heavy beating on his image as being the founders of India’s economic boom to someone who did
A contract note is an important document for investors transacting in shares and other listed securities on a recognised stock exchange. A contract note is a legal record of your transaction carried on a stock exchange through a broker.
Ministry of Corporate Affairs, Government of India (MCA), has on 8 February 2011 issued directions through General Circular No. 2/2011 and Press Note 3/2011 exempting holding companies from attaching specified particulars of its subsidiary companies
