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Deemed Dividend: Understanding Section 2(22) of the Income-tax Act, 1961 and Its Implications
Section 2(22) of the Income-tax Act, 1961 (the Act), deals with Dividends. Sub-clause (e) of section 2 sub-section (22) of the Act includes payments made by a private company by way of advance or loan to a shareholder
Share Buyback - Strategic Decision in Corporate Finance
A Buy-back is when a company voluntarily repurchases its own securities from existing shareholders with the intention of cancelling them, following the rules set out in Section 68 of the Companies Act, 2013.
Highlights of 54th GST Council meeting held on 9th September 2024
A few key highlights of GST council meeting held on 9 September 2024
Global Economic concerns and policy narratives
The first week of September was anything but favorable for stock market enthusiasts. Far from setting any positive records, the market's performance left financiers and investors alike disheartened.
Can a company make a bonus issue of preference shares?
Bonus shares are a source of earnings for shareholders and for company it is returning profit to shareholders.
Introduction of Invoice Management System (IMS) on GSTN Portal
A new functionality will be introduced on GSTN portal w.e.f. 1 October 2024 which will require the recipient of goods or services to match the invoices/records with the details uploaded by supplier for availing ITC.
Ordinary Business and Special Business
In the governance of companies, the proceedings of shareholder meetings play a critical role. The agenda items discussed in these meetings can be broadly categorized into two types: Ordinary Business and Special Business.
Comparative Analysis of Private Placement and Preferential Allotment
The rise in start-up culture and entrepreneurship in India over the past few years has resulted in an increase in fundraising by businesses. While launching a business has many obstacles, raising finance is the main one that all new businesses must overcome.
Introduction of RCM Liability/ ITC statement
A statement called RCM liability/ ITC statement has been introduced on GST portal.
Unpaid and Unclaimed Dividend - Treatment and Transfer to Investor Education and Protection Fund IEPF
The shareholders in a Company except a Company registered under Section 8, are eligible to get a portion of the Company's profit depending on the number of shares held, this is known as a dividend. It is a distribution of gains by a Company to its members/shareholders.
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