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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…

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 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…

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…

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…

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.…

Striking off a company name is another way to shut down a company's operations. The Registrar of Companies (‘ROC’) may issue a notice to strike off a company in the Companies Register for certain reasons. The Company may also apply for the ROC to strike off its name from the…

Section 110 of the Indian Companies Act, 2013 contains the provisions of the 'postal ballot', Section 109 of the Indian Companies Act, 2013 contains the provisions of 'Demand for poll', and Section 108 of the Indian Companies Act, 2013 contains the provisions of 'Voting by Electronic means'. This article provides…

The Employees' Provident Fund Organization (EPFO) is a statutory agency established by the Indian government. As the largest social security institution in the country, it primarily encourages individuals to save for retirement, among other things. EPFO was created in 1951 and is managed by the Ministry of Labour and Employment.…

Are you concerned about compliances or want to learn more about what compliances under the Companies Act, 2013 and SEBI (LODR) Regulations are? This article will mostly cover compliance with the Companies Act, 2013, as well as the SEBI (LODR) Regulations. Compliance is defined as the ability to comply with directions, regulations,…