Articles by FCS Deepak Pratap Singh

Liability Of Individual / HUF To Deduct Tax At Source - Section 194M

Posted by FCS Deepak Pratap Singh 10 September 2021 2170 Views

An individual or HUF paying commission, brokerage, contractual fees or professional fees is required to deduct tax at source from the amount paid or to be paid.

Legal position when cheque issued for payment of premium dishonoured

Posted by FCS Deepak Pratap Singh 10 September 2021 10492 Views

Payment of premium is the consideration in the Contract of Insurance and hence without payment of consideration, any contract will not carry on. The premium must be received before the issue of the insurance policy.

Some Facts related to Fast Track Insolvency Process

Posted by FCS Deepak Pratap Singh 10 September 2021 4510 Views

The IBC Code, 2016 was introduced in Lok Sabha on 21st December 2015 and passed on 5th May 2016. The upper house of the Parliament passed it on 11th May 2016 and it got the President's assent on 28th May 2016.

Concept of soft and hard market cycles under insurance

Posted by FCS Deepak Pratap Singh 24 August 2021 11103 Views

In a soft market, buyers have more bargaining and negotiation power while in a hard market the negotiation power of buyers is less as they are not in a position to quote their terms and conditions.

Restrictions imposed on travel abroad under Section 5(3)(F) of IBC, 2016

Posted by FCS Deepak Pratap Singh 24 August 2021 4970 Views

DRT does not have power to impound the passport of an individual and impose restrictions on his travel abroad. Any restriction of travel abroad will be violative of Articles 21 and 14 of the Constitution of India.

Some Facts Related To Consequential Loss (Fire) Policy Or Loss Of Profit Policy

Posted by FCS Deepak Pratap Singh 24 August 2021 3450 Views

Any interruption in business operations caused by fire or other special perils, resulting in a financial loss of various kinds is called consequential loss.

Analysis of Provisions related to Transfer, Assignment and Nomination under the Insurance Act, 1938

Posted by FCS Deepak Pratap Singh 23 August 2021 10391 Views

The transfer or assignment of policies of insurance is governed by the provisions of the Transfer of Property Act, 1882. The provisions of the Transfer of Property Act, 1882 apply to all types of insurance policies.

COVID-19 expenses can be claimed for EDLI scheme under EPF scheme, 1952

Posted by FCS Deepak Pratap Singh 23 August 2021 1486 Views

Employees Deposit Linked Insurance Scheme or EDLI is an insurance cover provided by the EPFO (Employees Provident Fund Organization) for private sector salaried employees.

Understanding the Process of Underwriting by Insurer

Posted by FCS Deepak Pratap Singh 23 August 2021 4964 Views

Underwriting involves measuring the risk exposure and determining the premium that needs to be charged to insure that risk. Thus, in the underwriting process, insurers evaluate the risk and exposure of potential clients.

Analysis of New Rule 33A inserted vide Companies (Incorporation) Fifth Amendment Rules, 2021

Posted by FCS Deepak Pratap Singh 21 August 2021 1623 Views

MCA has notified the Companies (Incorporation) Fifth Amendment Rules, 2021 by inserting Section 33A after Rule 33 of the Companies (Incorporation) Rules, 2014.