Learn about the format of Article of Association for section 8 Companies limited by shares under the Companies Act, 2013.
When it comes to products that can assist investors in meeting their long-term and short-term financial objectives, two of the most popular options are ULIP and SIP.
Explore the world of Non-Banking Financial Companies (NBFCs), their differences from banks, RBI regulations, and the 50-50 test. Learn how NBFCs operate in the financial landscape.
TCS stands for Tax Collected at source. In the GST regime, every e-commerce operator needs to collect 0.5% under CGST Act and 0.5% under SGST Act; In case of inter-state transactions, 1% (under IGST Act) on the net values of taxable supplies made through the e-commerce operator.
Board and Members meeting acts as a platform in proposing actions and mounting decisions. It is a place where they unite together to discuss and decide on how to lead an organisation in a best governed manner.
Ensure Compliance: Offering freebies to doctors may lead to serious consequences under Section 37(1) of the Income Tax Act. Any expenditure deemed an offense or prohibited by law is disallowed in income computation. The legal implications and disallowance criteria are clearly outlined. Stay informed with Circular No. 5/2012, emphasizing the inadmissibility of expenses related to freebies provided to medical practitioners.
HC held that the power to confiscate goods is a distinct and independent power conferred under CGST Act, 2017 which can be exercised only in cases where power to detain and seize has not been invoked.
It seems that MCA frequently amending the definition of Small Company to provide many advantages to Corporates. This move of MCA is expected to lighten the compliance burden of about 400,000 companies in India.
This quote, as motivating in itself, also raises a question- how to invest? Although many investment firms can provide adequate profit, they also come with risk factors. And when your money is involved, it’s a matter of concern.
Analysis of recent amendments to IBC Regulations covering Insolvency Resolution Process (CIRP), Liquidation Process, and Voluntary Liquidation Process by IBBI. Changes include mandatory communication in CIR process, extended timeline for Information Memorandum submission, and reduced timeline for compromise proposal in liquidation. The article provides an in-depth overview of amendments, ensuring clarity for stakeholders in the insolvency ecosystem.
