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Modes of issue of securities under the Companies Act, 2013

Modes of issue of securities under the Companies Act, 2013

Section 23 of the Companies Act, 2013 ("CA, 2013") sets out how a public company or a private company "may" issue securities. It should be noted that there was no corresponding provision under the Companies Act 1956. This is the first time that Indian company law has brought together in…
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Due Dates of Filing ROC Annual Return for FY 2021-22

Have a glance at the Due Dates for Filing the ROC Annual Return for FY 2021-22

The ROC i.e. Registrar of Companies requires all companies registered in India to file certain forms every year. Regardless of their structure, businesses in India are required to comply with these regulations. Whether it is a Private Limited Company, limited liability company, Public Limited Company, etc., they have to keep…
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20 checklist points for Company Audits Finalization

20 checklist points for Company Audits Finalization

The Ministry of Corporate Affairs (MCA) has introduced amendments in Schedule III to the Companies Act, 2013 vide its notification G.S.R. 207(E) dated 24 March 2021 and also introduced changes to audit reporting vide the Companies (Audit and Auditors) Amendment Rules, 2021 G.S.R. 206(E) dated 24 March 2021 and the…
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Judicial pronouncement under section 126 of CGST Act 2017

Judicial pronouncement under section 126 of CGST Act, 2017

The experts at Legal Window have replicated the part and a recent judicial decision in this article. The latest judicial pronouncements mostly addressed E-way Bill issues when the E-way bill expired and the address was incorrectly mentioned. The courts have invoked Section 126 of the CGST Act, 2017, and, in…
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Corporate Governance in India

Concept of Corporate Governance in India

Corporate governance is a set of rules or concepts used to run a business. It makes sure that the business operates as it should in order to accomplish the desired objectives. Each stakeholder, including directors, owners, employees, and customers, is held accountable by the corporations. The definition of governance as…
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Legal Compliances of Fixed Assets Management

Legal Compliances of Fixed Assets Management

A fixed asset is an asset, often but not exclusively a physical asset, that is purchased for long-term use and is unlikely to be quickly converted to cash. In comparison, current assets include cash or other assets that are likely to be converted into cash within one year. In this…
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Service Tax on Affiliation Fee and Rent levied by Universities

Service Tax in Affiliation Fee and Rent levied by Universities

Do you know, that the Hon’ble High Court, Karnataka in the case of the M/s Rajiv Gandhi University of Health Science vs. Principal Additional Director General and Ors. [Writ Petition No. 57941 of 2018 dated 26-Jul-2022] held that Service Tax on Affiliation Fee and Rent levied by Universities for other…
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FAQs on Resolution Framework for Covid-19 Related Stress

FAQs on Resolution Framework for Covid-19 Related Stress

On August 7, the RBI announced the creation of an expert committee with KV Kamath as its chairman, with the mission of recommending the necessary financial parameters and sector-specific benchmark ranges for such parameters to be taken into account in resolution plans under the "Resolution Framework for Covid19-related Stress." Table…
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Clause 44 of Tax Audit Report

Analysis of Clause 44 of Tax Audit Report in Form 3CD

The Tax Auditors and the assessee are both concerned about 'Clause 44' in the tax audit report in Form 3CD, which deals with reporting obligations connected to GST spending. The issue stems from the application of clause 44 of Form 3CD for the fiscal year 2022-23 or FY 2021-22. This…
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Mandatory website disclosures under the Companies Act

Disclosure on the website by Public Unlisted Company

The Companies Act 2013 mandates that certain information be published on a company's website. Information like company name, registered office address, company identification number, telephone number, fax number, email ID, and name of a company representative in case of any complaints/queries. The company's web address must appear on letterhead, business…
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