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Articles by Rahul Chilal

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Independent Directors Provisions under Companies Act 2013

  Rahul Chilal    11 April 2014 at 11:16

Companies Act 2013 has made new provisions regarding Independent Directors. There was No specific mention of Independent Directors in Companies Act 1956. Their role & responsibility was not very clear defined. The Mention of Independent Directors

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Posted in Corporate Law  6 comments |   37617 Views


CBDT rescinds Transfer pricing circular

  Rahul Chilal    10 July 2013 at 13:39

History: CBDT had issued 2 circulars on 26th March 2013 relating to the selection of transfer pricing method to be adopted by Tax authorities for determination of Arms Length Price in case of research & Development units of MNCs lo

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Posted in Income Tax |   10089 Views


Service Tax Return Filing: A Herculean Task

  Rahul Chilal    03 May 2013 at 12:09

The last date of service Tax return filing for the Quarter July to September was on 30th April. Though previously it was 15th April, it was revised to 30th April. This was the return for the quarter in which many changes took place. Many notificatio

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Posted in Service Tax  2 comments |   20838 Views


Recent Changes in GAAR

  Rahul Chilal    19 January 2013 at 15:59

Introduction: The Ministry of Finance had come out with General Anti Avoidance Agreement (GAAR) in this buget. But due to its opposition from many quarters especially the FIIs(Foreign Institutional Investors), Government formed a expert Com

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Posted in Income Tax  1 comments |   10482 Views


CBDT issues Advance Pricing Agreements (Rules)

  Rahul Chilal    06 September 2012 at 12:51

One of the announcement which was very anticipated in Transfer Pricing Arena was the Advanced Pricing Agreement (APA). CBDT released the rules on APA on 30th August. The Finance Minister had announced that the APA will be released so that the d

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Posted in Income Tax  1 comments |   14391 Views


Alternative Investment Fund Regulations 2012

  Rahul Chilal    01 June 2012 at 10:58

ALTERNATIVE INVESTMENT FUND On May 21st 2012 SEBI notified the AIF regulations 2012. These are the Alternative Investment Fund Regulations will replace the SEBI(Venture Capital fund) regulations 1999 DEFINITIONS Alternative Investment Fund (AIF

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Posted in Corporate Law  2 comments |   17913 Views