Articles by FCS Deepak Pratap Singh

Fresh resolution plan cannot be considered by COC once a plan is approved earlier - NCLAT

FCS Deepak Pratap Singh 25 May 2022 at 08:38

Steel Strips Wheels Limited. v. Shri Avil Menezes, Resolution Professional of AMW Auto component Limited and Others [Company Appeal (AT) (Insolvency) No. 89 of 2022]

Analysis of provisions of inspection, search, seizure & arrest under GST Act 2017

FCS Deepak Pratap Singh 25 May 2022 at 08:38

The GST Act,2017 has given enormous power in the hand of GST Officers ,even to arrest person evading tax or claiming fake input tax or in case of fraud.

Article 19 - Freedom of speech and expression & its limitations

FCS Deepak Pratap Singh 24 May 2022 at 08:54

The original copies of the Indian Constitution were written in Hindi and English. Each member of the Constituent Assembly that drafted the Constitution, signed two copies of the constitution, one in Hindi and the other in English.

Preparation Of Financial Statement Of General Insurance Companies And Amended Provisions Of Insurance Laws (Amendment) Act 2015

FCS Deepak Pratap Singh 16 May 2022 at 09:12

The Insurance Amendment Act of 1950 abolished Principal Agencies. However, there were a large number of insurance companies and the level of competition was high. There were also allegations of unfair trade practices. The Government of India, therefore, decided to nationalize insurance business.

Detailed Audit Programme On Important Areas Of Insurance Business

FCS Deepak Pratap Singh 14 May 2022 at 11:50

As you are aware that an Insurance Company is a company incorporated under provisions of the Companies Act, 1956/2013, licensed under the Insurance Act, 1938 and IRDAI Act,1999.

Relaxation from compliance with certain provisions of the SEBI Regulations, 2015

FCS Deepak Pratap Singh 14 May 2022 at 08:39

The SEBI has relaxed compliance of certain provisions of SEBI( LODR) Regulations, 2015 to align with MCA Circular dated 5th May, 2022 in which MCA has given relaxation to the listed companies for sending hard copies of for the Financial Statements for the year 2022 till 31st December, 2022.

LLP can form a partnership firm with an individual or other persons

FCS Deepak Pratap Singh 12 May 2022 at 08:55

In a significant ruling, the Kerala High Court held that a Limited Liability Partnership could form a partnership with an individual or other persons.

Angel investors and concept of angel taxation under IT Act 1961

FCS Deepak Pratap Singh 11 May 2022 at 09:05

An angel investor (also known as a private investor, seed investor or angel funder) is a high-net-worth individual who provides financial backing for small start-ups or entrepreneurs, typically in exchange for ownership equity in the company.

Permission under FEMA is required to offer securities to companies of neighbouring countries

FCS Deepak Pratap Singh 10 May 2022 at 09:11

Permission under FEMA is required to offer securities to companies of neighboring countries or countries sharing borders with India

The concept of revaluation reserves in insurance companies

FCS Deepak Pratap Singh 02 May 2022 at 12:03

Revaluation fund is the accounting term utilised when a business establishes a line item on the balance sheet for the purpose of maintaining a contingency account connected to other assets. A line item will be used when a re-evaluation appraisal shows that the carrying value of the asset has changed.