While preparing GSTR-3B for August 2022, you must take note of a critical modification. From the GSTR-3B of August 2022 forward, the form’s recently amended Table-4 will apply. On July 5, 2022, Central Tax Notification No. 14/2022 was released, notifying specific modifications in Table 4 of the form GSTR-3B for monthly and quarterly filers. GSTR-2B […]
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It is often observed that the Indian management system adopts the method of defining responsibilities and punishments rather than analyzing and solving the problem. It also continues in our banking system because it is often found that bankers do not take their responsibilities seriously and rather choose to do the official work conveniently. This is […]
For any entrepreneur, managing the day-to-day operations of their company while also adhering to corporate regulations may be a bit difficult. Therefore, it is crucial to get expert assistance and comprehend these legal requirements in order to guarantee that compliances are punctually completed without the imposition of interest or penalties. Hence, companies in India must […]
Corporate bonds market in India are investments with low risk if an individual is looking for a short-term investment system. Such bonds are considered to offer high returns in comparison to bonds issued by the government. But before investing in a corporate bond, each individual must be aware of the risk associated with it. This Article […]
The concept of Tax Deducted at Source was introduced with the purpose of collecting tax from the source of income. According to this concept, a person, known as a deductor, is liable to make a payment of specific nature to another person, known as a deductee. A person called a deductee shall then deduct tax […]
Tax is a compulsory fee that is imposed on corporations or individuals by the State and the Central Government. This fee is imposed by the authorities to invest in the growth of the economy of the country. Various public expenses are covered by the Government from taxes. The concept of tax in India includes two […]
The Union territory of Jammu and Kashmir (J&K) offers a large number of investment opportunities for entrepreneurs as the UT is rich in certain resources such as agro, water, herbal, forests, and minerals. Additionally, this area owns unparalleled natural beauty which connects a market for the consumers as well as provides a platform for entrepreneurs […]
The Concept of Trademarking is not new to the society. A lot of us might have commonly heard the word Trademark. However, usually, when we come across terms like Collective marks or Certification Marks, we get confused. Are these terms similar to each other? Are there more alternatives available to Trademark? Are these genesis of […]
GST is a complex subject matter according to most people and over time these complexities only increased. With the rise in difficulty for taxpayers to easily understand the concept of GST, owning adequate licenses, etc. problems also grew for the tax authorities in recovering taxes. Lately, many companies have been receiving summons because of such […]
CA Exams are conducted by the ICAI (The Institute of Chartered Accountants of India). This exam is conducted for individuals who aspire to become chartered Accountants and pursue Chartered Accountancy as a profession in India. This examination is conducted at three different levels in accordance with the curriculum provided by the authority of ICAI. To […]
Audit by departmental authorities is a familiar concept. It already existed within the laws that existed even before the GST tax regime was introduced. However, the GST regime encouraged the concept of relying on self-compliance and self-assessment by the taxpayers. The purpose of the introduction of self-assessment by the GST regime was to ensure and […]
Finance Minister of India, Smt. Nirmala Seetharaman on 1st February 2022 presented the 2nd digital union budget for the FY 2022-2023. Accordingly, the proposed amendments related to GST were covered within clauses (from Clause 99 to Clause 123). The proposed amendments that were within clause 99 to clause 113 came into effect from the date […]
Indian Competition Law is widely based on UK legislation and the European Union law seeks the solution for similar nature of issues such as abuse and undue influence of dominant position and restrictive agreements. It is in the late 90s, when the entire world, including India, was struggling through a phase of Privatization, Liberalization, and […]
The Healthcare sector of India reached a market value of about USD 372 billion in the year 2022. The factors that were included in this hike were mainly revolving around the areas such as better health awareness, rising income, increasing access to insurance, and lifestyle diseases. It’s just last year that the healthcare sector of […]
The structure of GST (Goods and Service Tax) is created to make the process of tax collection efficient, reduce corruption, and make the movement of goods inter-state easy and etc. GST Law provides the concept of self-assessment, so that payment of taxes and easy compliance can be facilitated. It also provides an explanation of the […]
Foreign Direct Investment is the main engine of economic growth and a source of non-debt financing for the country’s economic development. The FDI policy is continuously revised to attract larger volumes of foreign investment to the country. The government has introduced an investor-friendly FDI policy whereby FDI up to 100% under the automatic route is […]
Currently, there is a surge in equity transactions, investments, and so on. Indian investors have moved beyond conventional gold, silver, and real estate investments to shares, and mutual funds, and a few have been known to invest in public companies that are soon to be listed (Shares brought in the unlisted market). In this write-up, […]
An auditor should utilize Form 3CD when examining the financial records of taxpayers who are the subject of tax audits. According to the Income Tax Act, 1961 regulations, a Chartered Accountant must provide an audit report in the required format. The objective of this article is to provide a brief overview of Form 3CD, whose […]
The Companies Act, 2013 was enacted to encourage businesses to adopt the “Jet Set Go” philosophy, with compliance and openness being crucial. Among the various difficulties addressed by this legislation, there has been a revolution in Related Party Transactions, a word that has made all businesses uncomfortable for many years due to the complexities involved. The […]
The Ministry of Corporate Affairs (MCA) has notified an amendment for a situation when a person who belongs to a neighboring land border sharing country seeks an appointment in an Indian company as a Director or demands obtaining a Director Identification Number (DIN). The Companies Act, 2013 was passed with the purpose to renew the […]
The Indian rupee has come under intense selling pressure in recent weeks amid a perfect storm of global headwinds that analysts say will continue to batter the currency in the coming months. It has already tested record lows twice in July, falling more than 80 to the greenback, only to recover after India’s central bank […]
Even after four years of GST implementation and over a thousand notifications and circulars, we continue to encounter several issues with GST on-site maintenance and department operations. Businesses and professionals encounter several challenges as a result of issues and constant change. It is terrible that even after four years; we are still expecting and hoping […]
It is crucial to adhere to secretarial standards in the meeting’s processes and in topics related to them since company law provisions are growing stricter and ROCs are being more vigilant. Secretarial Standard 1 serves as a reference for conducting the Board Meeting in accordance with the Company Act, 2013 regulations. The provisions of Secretarial […]
The Companies Act, 2013 (the Act) emphasizes flexibility and rigidity in the composition of the board of directors (boards). Flexibility hereby refers to the mandatory inclusion of rotating directors in the board of directors and Rigidity ensures the inclusion of non-rotating directors in the board of directors. The mentioned combination was ordered according to Section […]
The Reserve Bank of India has directed regulated entities (REs) lending to the microfinance sector to ensure that loans are unsecured and not secured by a lien on the borrower’s deposit account, that repayments are capped, that interest rates are not usurious, and that there is no penalty for payment in advance. The central bank’s […]
The Reserve Bank of India (RBI) regulates the purchase and acquisition of immovable property in India by non-residents under the Foreign Exchange Management Act (FEMA). An Indian citizen residing outside India as per FEMA is an NRI (Non-Resident Indian) while a non-Indian citizen who or whose parents or grandparents were born in India etc. is […]
Businesses must claim Input Tax Credit (ITC) that shows only in GSTR-2B from January 1, 2022. As a result, Rule 36(4) of the CGST Rules is rendered obsolete, and the new clause (aa) under Section 16(2) takes effect. This article goes into depth regarding the shift, how it affects businesses, and how companies may avail […]
The 47th GST Council meeting held on June 28th and 29th, 2022, produced a new proposal stating that GST will be levied at 5% on pre-packaged and labeled food items beginning July 18th, 2022. This was announced in Notification No. 06/2022-CT (Rate) on July 13, 2022. This idea comes after the GST Council, the highest […]
In a circular dated August 3, 2022, the Central Board of Indirect Taxes and Customs (CBIC) clarified the application of the GST to various taxes, fines, and penalties resulting from contract violations and other situations. The circular has examined a wide range of situations when one party recovers a charge, fee, or penalty from another […]
An Indian residing abroad is generally known as a Non-Resident Indian (NRI). NRI means a person residing outside India who is a person of Indian origin or a citizen of India. Let us know about the Non-Resident and types of transactions under FEMA. Table of Contents NRI as per FEMA Foreign Exchange Dealing Capital and […]
Section 149 of the Companies Act of 2019 regulates the composition of the board of directors. In the case of a public company, there are at least 3 directors. In the case of some companies, it also counts as one female director. In addition, every listed company must have at least one-third of the directors […]
A key expectation of members of self-governing professions is that they accept legal and ethical responsibility for their work and put the interests of the public and society first. One of the essential features of the profession is to adhere to strict codes of conduct maintaining strict ethical and moral obligations. In the self-regulated regime, […]
Going public is certainly a very important milestone in a company’s life. An initial public offering (IPO) happens only once in a lifetime during a Company’s journey. This article discusses What is Initial Public Offering (IPO) & How It Works, and the Benefits & Disadvantages of IPO Steps in an IPO. Table of Contents Overview […]
Every coin has two faces and so the same applies to the concept of GST implementation in India. Of course, this is the biggest tax reform in post-independence India and hence will have a huge and direct futuristic impact on the economic front. However, there are also a few negotiable short-term negative issues associated with […]
India is among the fastest growing economies in the world with plenty of business opportunities making it a preferred investment destination for NRIs, foreigners, and foreign companies. There are many ways in which foreign investment can be made in India. One of the most successful and sought-after ways of registering foreign companies in India is […]
Every Section 8 company is required to carry out annual compliance tasks under the Companies Act, 2013 and the Income Tax Act, 1961. This ensures that the company is trustworthy and reliable while avoiding penalties for non-compliance. Compliance tasks need to be done throughout the year and can be tedious. Without further ado, let us […]
If the company does not start operations within one year or the company does not carry out any business activity for 2 years, then in such a case, following the provisions of Section 248, sub-section 1 of the Companies Act, the ROC may issue a notice to the company to delete the company name from […]
Input Tax Credit (ITC) reversal calculations, input tax credit availability and non-availability calculations, and input tax credit calculations for capital under GST each have their own unique special rules. Additionally, capital items that are utilized for both taxable and exempt deliveries are given special treatment. In this article, we examine the application of the GST’s […]
Arbitration is a method of Alternative Dispute Resolution in which a third party, the arbitrator, is granted the ability to make final and legally binding decisions relating to issues. The parties opt for a private dispute resolution procedure outside of courts. Settlement of disputes through a third person without having to take the matter before […]
The Goods and Services Tax (GST) on rent went into force on July 18th. However, the GST will only apply in particular circumstances and not in all situations. The government recently removed the exception for renting out residential properties to businesses. In this article, we will discuss GST imposed on Rent on Residential Properties. Table […]
A Company is an official entity that involves formal transactions. Every gathering, communication, or transaction which has the potential to affect any interest of the members shall be recorded. These records achievements help in tracking the developments and changes in the functioning of the business. The notes or recommendations recorded during such meetings of the […]
There is no provision in the Companies Act 2013 for the annulment of a resolution, whether it is a resolution of the board of directors or a resolution passed at a general meeting. However, sometimes there are circumstances where it is necessary to cancel/revoke the resolution, and the Board of Directors is responsible and can […]
A Limited Liability Partnership is a globally recognized business entity. It was introduced in India by the procedure under the Limited Liability Partnership Act, 2008. Additionally, it includes the benefits of both companies as well as partnerships under one LLP name. The LLP rules are set by the Registrar of Companies i.e. Ministry of Corporate […]
The tax on the income of educational institutions often remains the most controversial topic. The nature of educational institutions such as top educational institutions providing modern and equipped learning aids, offering air-conditioned buses and classrooms, and maintaining the highest standard of hygiene is involved in activities that are charitable or commercial. Connect and talk with […]
The Government of India has enacted the Black Money Act, 2015 (BMA 2015) in addition to the existing Income Tax Act, 1961 to punish ordinary residents of India (taxpayers) who have Undisclosed Foreign Incomes and Assets (UFIA) earned through illegitimate activities, resulting in a loss of income tax (revenue) to the Government of India. Before we […]
Indian taxes are classified into two types: direct taxes and indirect taxes. Direct taxes are levied on the income earned by various types of business entities during a fiscal year. There are various types of taxpayers who are registered with the Income Tax Department and pay taxes at various rates. Individuals and corporations, for example, […]
‘Har Ghar Tiranga’ is a campaign organized by Azadi Ka Amrit Mahotsav to encourage people to carry the Tiranga home and hoist it to commemorate India’s 75th year of independence. We’ve always had a more official and institutional relationship with the flag than a personal one. Bringing the flag home as a country in the […]
Due to the complexity of different industrial areas, corporations and individuals always struggle to comply with FEMA/RBI rules within the allotted period. Globalization has greatly raised the significance of FEMA/RBI compliance. We have a knowledgeable staff that specializes in the following Foreign Exchange Management Act, 1999 related activities as well as other Reserve Bank of India-required […]
Small-scale enterprises are critical to every country’s economic development. The government of India has introduced a number of initiatives to assist small and medium-sized enterprises in sustaining and growing. To take advantage of any of these advantageous programs, you must first register as an MSME. MSME registration is sometimes referred to as Udyog Aadhaar registration […]
The recently adopted gaming Bill, which was submitted in the Lok Sabha on April 1, 2022, properly states that India has about 420 million active online gamers with a $1 billion value, with the sector expected to expand to $5 billion by 2025. Given the gaming company’s exponential expansion and the lack of a regulatory […]
Before launching a business, each factory owner is required under the Factory Act, 1948 to register their premises with municipal authorities. A factory license is an authorization document issued by authorities to carry out manufacturing activity. According to the Factories Act, of 1948, before registering a factory, a plant must receive clearance from the labor and […]
Packaging is prevalent in our everyday lives, allowing for the reduction of food waste and total product breakage while providing increased convenience features at a cheap cost. However, the growing use of single-use packing containers has imposed a significant environmental burden, and the management of packaging trash is in crisis due to a lack of […]
There has been a sharp increase in the number of GST notifications in the last 2 years. This is due to the completion of the audit on time; data analysis done by the department, a recent number of cases of false invoicing/false claims of Input Tax Credit (ITC), and many more. Likely to increase due […]
The Ministry of Corporate Affairs has recently amended the Companies (Rules for Appointment and Qualification of Directors) and a new notification has come out which will be effective from 1st June 2022, The notification hereby states that if any individual who wishes to obtain an appointment in Indian companies and that individual belongs to a […]
People in India are constantly coming up with new startup ideas. Everyone wants to start a business, and everyone wants to make a billion dollars with their business. But, unfortunately, it isn’t as simple as it appears. It is not as simple as it appears in movies and web series, and newly established start-ups are facing major […]
GST is a major factor that has the potential to cover the economic base of the country along with its ancillary activities, India is also not only one of the top performing countries in the field of generics but is also experiencing a huge increase in tourism which generates extraordinary revenues for the healthcare industry. […]
Hon’ble AAR, Gujarat in Re: Karma Buildcon [Case No- GUJ/GAAR/R/33/2020 dated July 2, 2020] has fixed this supplied value for a transaction of supply of services to residential/commercial properties with undivided land rights is to be achieved in terms of the provisions of paragraph 2 of Notification No. 11/2017 – Central Tax (Rate) dated 28 […]
Under the GST Regime, assessees are required to obtain registration under the GST Act based on their aggregate turnover. All taxpayers (suppliers of goods and services) are granted a threshold exemption. If the total turnover exceeds this threshold limit, registration under GST is mandatory. So, let us discuss the GST on interest income of individuals […]
Taxation is seen as one of the necessities that influence the formation of every constitutional democracy. Tax policy decisions in India have an impact on the relationship between the government and the people. No political authority can be exerted unless certain requirements and constraints are met. The principle of taxation is unrelated to the principle […]
The MCA (Ministry of Corporate Affairs) has with a recent circular inserted provisions to strengthen the law that makes the process of ‘Physical address verification of registered offices of companies’ more transparent by adding several formalities by the officials in charge of the process. If you are a business operator with a registered address for […]
When the Companies Act, of 1956 was in effect, public companies may offer loans, guarantees, and securities if they acquired prior authorization from the Central Government. The companies used to borrow cash and pass them on to subsidiaries and other related companies via inter-corporate loans. When it came to complying with the terms of the […]
A new structure for statutory audits of companies has been announced by the Ministry of Corporate Affairs (MCA). Companies (Auditor’s Report) Order, 2020 was announced by the MCA on February 25, 2020. (CARO 2020). The Companies (Auditor’s Report) Order, 2016, earlier order is replaced by the order (CARO 2020). Table of Contents Short Glimpse about […]
Any person who is a chartered accountant can be appointed as an auditor of the company. In the case of a firm where most of the partners are Chartered Accountants practicing in India, they may be appointed as auditors of the company, here the firm also includes LLP. This article will discuss all the appointment […]
The introduction of GST has brought a positive impact on the automobile sector. Previously, traders could not claim credit for excise duty and VAT paid, which would further increase the cost of purchases. However, GST has eliminated the cascading effect of taxes, reducing the price of cars. So, this article will discuss GST on the […]
The Government of India levies duty on all imports within the country and some exports from the country. The amount to be paid as duty may be determined by several factors such as the value, weight, dimensions, etc. of the item concerned. So, this article will discuss the applicability of Customs Duty on Imported Goods […]
The Ministry of Corporate Affairs (MCA) in a notification dated June 1, 2022, issued the Companies Amendment (Appointment and Qualification of Directors) Rules, 2022 to further amend the Companies (Appointment and Qualification of Directors) Rules, 2014. Under this rule, citizens from a country that shares a land border with India need security clearance from the […]
The Negotiable Instruments Act, of 1881 provides a safety net for creditors (whether deemed or actual) who are having difficulty recovering a defaulted amount due to debt or any other liability. Section 138 of the Negotiable Instruments Act, 1881 imposes criminal liability on such defaulter for cheque(s) dishonor, which includes imprisonment for a maximum of […]
According to a government proclamation dated March 31, proposed changes to the 45th GST Council Meeting on building bricks, clay tiles or roofs, fly ash bricks, and petrol bricks took effect from April 1, 2022. This article will provide an insight into the GST on bricks manufacturers. Table of Contents Implications of the new system […]
CARO 2020 is a new system for the release of audit reports in the event of a statutory corporate audit under the Companies Act, 2013. The additional requirements of reporting following the National Financial Reporting Authority (NFRA) have been included through CARO 2020. The NFRA is an independent governing body to oversee the audit and […]
An employee stock option plan (ESOP) is a frequently used incentive mechanism used by organizations. There are various reasons why company employees are given such stock options. The phenomenon of stock options is more prevalent in start-up companies that cannot afford to pay high wages to their employees but are willing to share in the […]
Section 186 of the Companies Act 2013 sets out the loans and investments that a company can make. It states that the company can invest through more than two layers of investment companies. This article will discuss the loan and investment by the company. Table of Contents Applicable Provisions and Rules What is Section 186 […]
Businesses that collect taxes from the general public are bound by the principle of public trust as the general public who pays such taxes to corporate entities is under the belief that whatever is collected from them, the same will flow to the government. This article will provide an insight on GST and breach of […]
The RBI has announced that to consolidate existing reporting frameworks for various types of foreign investment in India, it will introduce a Single Master Form (SMF) covering all available reports. The Reserve Bank is launching an online application, FIRMS (Foreign Investment Reporting and Management System), which will provide SMF. This article will discuss the registration […]
The presumptive scheme option has always been an exciting and confusing story for taxpayers. As the 2016 Budget comes into effect from FY 2016-17, there have been some important additions/deletions in the system, which you should be aware of. The presumptive tax scheme is designed to provide relief to small taxpayers in the tedious task […]
Great! You have the ideal business concept, are motivated, have a supportive team, and are eager to get started. But hold on! Have you given any thought to the kind of business you plan to start? Number of directors How much cash do you have available for disposal? What course of action will the business […]
Insurance auditors while conducting insurance audits will review credit policy and procedures, tax records, risk assessments, and other financial records of insurance. This is done to ensure that appropriate insurance standards and premiums are applied and that insurance companies adhere to the rules. Some of the key areas to be considered during insurance audits are […]
In the current context, the world is heavily focused on social and environmental actions. Businesses themselves, in addition to their common goal of making a profit, participate in activities that promote social, economic, cultural, and environmental growth. The world today is so well connected and well connected that access to any part of the […]
The launch of the Legal Entity Identifier (LEI) was intended to improve the quality and accuracy of financial data systems to better manage risk following the evolution of the Global Financial Crisis. This allows the party’s financial transactions throughout the world to be tracked. The Reserve Bank of India ordered the acquisition of LEI certificates […]
The Foreign Exchange Management Act, of 1999, was approved by the Indian Parliament. Its mission is to consolidate and revise foreign currency legislation to facilitate external commerce and payments, as well as to encourage the orderly growth and maintenance of India’s foreign exchange market. Section 15 of the Foreign Exchange Management Act (FEMA), 1999 empowers […]
Importing is the process of bringing commodities into a certain country. Importation can take place by land, air, or water. The Government of India, Customs Officers, and Border Forces impose many limitations on importing products into the nation. Goods brought into the nation would be permitted as long as they complied with the appropriate import […]
Form 26AS is a tax credit statement that summarizes all tax deducted, tax received, advance taxes, and self-assessment taxes paid in a single report. This statement displays the tax deposited with the government by you or on your behalf. If you have paid your income tax but the details are not located against your PAN, […]
Investing in a foreign company by an Indian is governed by the Foreign Exchange and Management Act, 1999, as well as the various laws and regulations issued there. Because of the complex and regulatory environment, it has become important for investors to take the right direction related to their investment issues. Investing in a foreign […]
Every Indian citizen receives an Aadhaar card, which is a centralized and universal identifying number. The Aadhar Card is a biometric record that maintains an individual’s information in a government database and is increasingly replacing paper as the government’s primary source of data for public welfare and citizen services. Furthermore, Finance Minister Nirmala Sitaraman has […]
The acronym DGFT stands for the Directorate General of Foreign Trade. The DGFT is in charge of the laws and regulations that apply to both importers and exporters of commodities in the nation. The easiest method to learn about DGFT is to enroll in import-export training courses, while there are other options. The Foreign Trade […]
After finishing a monetary accounting course, many students dread another semester of debit entries, credits, and reflective diaries. Fortunately, management accounting is not the same as monetary accounting. Managerial accounting, also known as cost accounting or management accounting, gives information to managers and other customers inside a company to help them make better decisions. The […]
Under the Companies Act 2013, a Company can exercise its power through a Board of Directors or shareholders. The relationship between the shareholders and the board of directors works as an alliance because the board of directors has some powers that are exercised exclusively by them and also has some powers that can only […]
Sections 196 and 197 of the Companies Act 2013 and the rules made thereunder read together with Schedule V provide for the appointment and remuneration of a managing director, whole-time director, or manager. This article will discuss Sections 196 and 197 of the Companies Act 2013. Table of Contents Appointment of a managing director, whole-time […]
If an individual is classified as ‘non-resident’ then the tax inference is similar to that of ‘RNOR’ status. In the case of NRIs, only income earned or accumulated in India will be subject to income tax. For “NRI” income like any salary earned or accumulated in India, income from the rental of the house situated […]
Shopping online is one of the most exciting and easy ways to buy products online. It means accessing the Internet using a laptop or mobile device, opening your preferred e-commerce website, searching for the product you want, selecting your favorite product, and arranging for delivery. With the growth of online markets and the attraction, offline […]
Capital gain tax includes short-term capital gains and long-term capital gains. Larger assets can be properties or securities. There is a tax exemption in the short term. The creation of assets is hard work in itself, involving time and effort but the results are often worth the effort and sweat. As citizens of India, we […]
No filing or late filing of TDS/TCS returns can get you into trouble. As tax laws suggest, taxpayers fall under two penalties in the event of non-fulfillment of TDS refunds or statements. The first penalty that the taxpayer will have to face comes from under section 234E (Payment for failure to provide statements), and the […]
In the Union Budget of 2019, the government announced an offer to buy an electric car. In a budget speech, the finance minister said improvements to batteries and e-vehicles registered under the scheme would be developed. A new section 80EEB has been introduced that allows for deductions from interest on borrowed loans for the purchase […]
The Income-Tax Act, of 1961 does not provide for the exemption of a senior citizen or a very senior citizen from completing a refund of income. However, to provide relief for the elderly (75 years of age or older) and to reduce the burden of compliance on them, the Finance Act, of 2021, introduced […]
The Joint Development Agreement (‘JDA’) is the most common and most popular method of arrangement to construct buildings in our country. It is a preferred form for both the Developer and the Owner of the Land. However, there are issues relating to the JDA’s taxation under the Income Tax Act, 1961. This article will discuss […]
Futures & Options (F&O) traders often enter large-scale operations but the profits they make from such purchases are very small. As the volume and number of transactions are very high, the ITR and computation of Turnover methodology for Tax Audit purposes are slightly different compared to other businesses. This article will discuss Futures and Options […]
A Company Director is a person appointed by shareholders to manage company affairs following MOA and AOA. Since the company is an artificial person it can only do that through a natural person agency. Thus, the director must be a living person and the company’s management must be supervised by the Board of Directors. The […]
The transferability of a company’s shares is a crucial feature. Moveable property includes shares and debentures. They can be transferred in the ways specified by the company’s articles, particularly the shares of any member of a public company. Any agreement or contract between two or more people has the potential to result in the transfer of […]
The implementation of the new GST tax system has resulted in significant tax reform in the country. The new system combines several state and central taxes into a single, fungible tax. This much-needed change improved transparency and reduced administrative burdens in the tax collecting structure. Since its inception, the new system has been excellent news […]
The Ministry of Corporate Affairs (MCA) has approved the holding of the Annual General Meeting (AGM) in electronic mode until 31 December 2022. This relaxation includes the freedom to send hard copies of annual reports. But the question arises as to whether the listed organizations are exempt from sending hard copies of the FY22 annual […]
When someone applies for a new PAN Card, they must input an AO code in one section of the application. It is requested at the very top of the Pan Application form. The AO Code is made up of four parts: Area Code, AO Type, Range Code, and AO Number. The AO Code is intended […]