The steps of registering a company in India are as under: Step 1 – Acquire director identification number (DIN) by filling Form DIN-1. The temporary DIN is immediately issued which must then be printed, signed and sent to RoC for its consent along with the identity and address proofs.
The Union finance minister had introduced the Finance Bill, 2010 in the Lok Sabha on February 26, 2010 and proposed to tax 8 new services. On May 8, 2010, the President gave her consent to the Finance Bill and thus the Finance Act, 1994 (14 of 2010) has come into effect from that date. SERVICE TAX IS BEING IMPOSED ON THE FOLLOWING SPECIFIED SERVICES:
The Challenge to the NCLT & NCALT: The five-judge Constitution Bench of the Supreme Court of India Justice KG Balakrishnan, Justice RV Raveendran, Justice DK Jain, Justice P Sathasivam and Justice JM Panchal has delivered its judgment on the legality of the constitution of National Company Law Tribunal and National Company Law Appellate Tribunal under the Companies Act, 1956 through Companies (Second Amendment) Act, 2002.
The cheque writing will not be so easy and casual again. All of us do write cheques and issue the same to our creditors, suppliers or to those whom we owe some money – loan to friends, investment in shares, payment of salary, payment of hotel bills or even medical bills or tax payment, cheque comes as a handy tool to pay the money.
The Institute of Chartered Accountants of India (ICAI) here today organized a Press Conference at ICAI Bhawan. It was addressed by Mr Robert Bunting, President, International Federation of Accountants (IFAC),Mr Ian Ball, Chief Executive Officer, IFAC and Mr Matthew Bohun, Technical Manager, Governance and Operations.
RBI has finalised the guidelines on Note Authentication and Fitness Sorting Parameters after taking into account the comments received from various stakeholders including banks, equipment manufacturers and members of public.
Listing means formal admission of a security into a public trading system, usually a stock exchange, often evidenced by a listing agreement between the issuer of the security and the stock exchange. It provides liquidity to the issuer of security for capital and ensures effective monitoring of conduct of issuer and of the trading of the securities in the interest of investors. The issuer wishing to have trading privileges for the securities on a stock exchange satisfies listing requirements prescribed in the relevant statues and in the listing regulations of the concerned stock exchange.
Electronic filing, or e-filing, of tax returns first clicked in India as part of a proposal for Web-based electronic tax administration system for service tax. Thanks to the Central Board of Excise and Customs, the e-filing of service tax returns commenced in April 2003 but its benefit was available only to a few service tax providers.
I was writing on legal reforms as I am concerned with the standards in the profession, the delay in rendering justice and especially the dignity of the legal profession. Given the limitations, Indian Judiciary has discharged its constitutional responsibilities well. The issue of delay in rendering justice and the corruption is a bigger issue to deal with.
“The Finance Bill, 2010 was earlier passed by the Lok Sabha followed by its passage by the Rajya Sabha. The Finance Bill, 2010 has been assented to by the Hon’ble President on 8-5-2010 as Act No. 14 of 2010. With this, the Budgetary exercise is over for the F.Y. 2010-2011.”
