When a company goes through insolvency proceedings, public equity shareholders (non-promoter public shareholders) are the ones that profit least since they are not considered creditors who are protected by IBC 2016
Explore Section 43B of Income Tax Act, 1961, amended by Finance Act 2023. Learn about deductible sums, due dates, and the latest inclusion for payments to micro and small enterprises.
Understand TDS implications on purchasing immovable property in India. Learn about rates, forms, and legal aspects to comply with Income Tax Act for seamless property transactions.
Explore vital GST amendments introduced in Budget 2023. From composition scheme enhancements to ITC reversal changes, stay informed on critical updates affecting businesses and compliance.
Understand how to determine the Full Value of Consideration in a Slump Sale under Section 50B of the Income Tax Act. Learn about methods and rules for calculating capital gains.
When the company incorporates, its name is registered in the register of company by the registrar of the company and the company may by application or the registrar (suo moto) may strike off the name of the company from the register of companies in some circumstances.
Stay informed with the latest regulatory updates for January 2023. Explore changes in company law, securities law, and insolvency law. Get insights on amendments, filing requirements, and case laws.
ircular trading by organisations to get public funds is a practice that involves the same set of companies involved repeatedly selling and buying. This is done in order to obtain access to funds from the public without actually benefiting them, but for the companies’ own gains.
Section 80G of Income Tax Act 1961 allows individuals and organizations to claim deduction on donation to certain specified fund or trusts registered under section 80G.
Section 12AA of the Act deals with the provisions that are applicable to the registration of a trust or institution under the Act.
