Regulation of Virtual Digital Assets in India: Additional Obligations on Service Providers under the purview of PMLA Introduction Cryptocurrencies or virtual currencies are virtual digital assets (VDAs) that exist only in a virtual form and use a technology called blockchain[1]. There is no sector-specific regulatory framework for virtual currencies. To define VDAs, Government introduced new […]
Explore the comprehensive guide to converting a Limited Liability Partnership (LLP) into a Private Limited Company (PLC) under the provisions of the Companies Act 2013. Learn about the eligibility criteria, step-by-step procedures, and post-conversion compliances involved in the conversion process. Understand the advantages, opportunities, and legal requirements for a successful transition. Consult professional experts and legal advisors for efficient navigation through the conversion process.
Statute law is the will of the Legislature; and the object of all judicial interpretation of it is to determine what intention is conveyed, either expressly or by implication, by the language used, so far as it is necessary for determining whether the particular case or state of facts presented to the interpreter falls within it.
Explore the case of Motel Rahans Pvt. Ltd. Vs JSM Devcons Pvt Ltd., where a secured financial creditor approached NCLT Indore Bench seeking a forensic audit of the Corporate Debtor. Learn about the scope of consideration by the Committee of Creditors (CoC) in appointing professionals, the role of the Resolution Professional, and the direction given by the court for a forensic audit. Understand the implications of the court’s decision and the limited role of CoC in approving fees for auditors.
The game development industry is responsible for creating digital, interactive entertainment products that can be enjoyed on various platforms, such as personal computers, mobile phones, and gaming consoles like Sony’s PlayStation. Since its inception in the late twentieth century, the video game industry has experienced continuous evolution, providing opportunities for new and innovative players to enter the highly demanding gaming space.
Explore the role of the Adjudicating Officer under GST and understand the distinction between Proper Officer and Adjudicating Authority. Learn about the definition of Proper Officer and Adjudicating Authority under SGST and CGST Acts, along with the delegation of powers by the Commissioner and Board. Gain insights from a legal case highlighting the significance of authority in the adjudication process and the implications of orders passed by officers without proper jurisdiction.
This article presents valuable tips that can assist you in saving income tax in the current financial year. From optimizing your salary structure to utilizing tax deductions, these tips are designed to help you make the most of the available tax-saving opportunities.
Explore the relevance of one-to-one correlation for utilizing Input Tax Credit (ITC) towards specific outward taxable supplies under the Goods and Services Tax (GST) system. Learn how the seamless flow of ITC allows flexibility in utilization, avoiding complexities and ensuring smooth compliance. Gain insights from legal cases supporting this approach and understand the fundamental aspects of ITC in GST.
Learn about the Production Linked Incentive (PLI) 2.0 Scheme for IT Hardware launched by the Indian government. Discover its objectives, target segments, eligibility criteria, scheme tenure, and benefits for domestic manufacturers. Stay informed about the initiative driving India’s aim to become a global hub for IT hardware production.
Discover the step-by-step procedure to link your PAN and Aadhaar before the extended deadline of June 30, 2023. Learn how to check the linking status, make the applicable payment, and rectify common errors. Ensure compliance with the updated deadline and avoid any disruptions to your financial transactions.
