Understanding Section 185Section 185 of the Companies Act, 2013 is the replacement section of 295 of the Companies Act, 1956. Upon a perfunctory glance at the section, the key points of departure from the old act is wiping out of Central Government&r
Dear Professional Colleague,Finance Bill, 2015 enacted: Significant changes under the Central Excise and the CustomsThe Hon�ble President has given assent to the Finance Bill, 2015 on Thursday, May 14, 2015. Accordingly, the Finance Bill, 2015
1. General Circular No. 07/2015 - Clarification whether a managerial person appointed in accordance with such provision of Schedule XIII of Earlier Act may receive relevant remuneration for the period as approved by the company in a
INDEPENDENT DIRECTOR (ID):The term is defined in sec 149(5). In nut shell, a person qualifies for being appointed as the ID if (a) he is not the Promoter or related to the promoters of the company, its holding co., subsidiary companies or associate c
IntroductionAppointment of statutory auditor has always been an eye-popping issue under the Companies Act, 1956. Lawmakers have always given a great significance to these provisions in order to maintain the integrity, objectivity and unbiasedness o
1. INTRODUCTIONAll state under their respective VAT law has made the provision for deduction of VAT from payment to be made to the contractor at the time of payment. Every contractee make payment to the contractor to disch
The details of the amendments are as under:1. Requirement of minimum paid- up share capital for private and public companies is proposed to be omitted. (For ease of doing business)In terms of section 2(68) and 2(71) of the Companies Act, 2013, privat
Fees u/s 234E held as constitutionally valid, will still missing�. Recently, in the case of Rashmikant Kundalia and another vs Union of India and others, the constitutional validity of the fees being charged u/s 234E for delay in filing TDS re
Service Tax Amendments applicable w.e.f 14.05.2015 On 14-05-2015, Finance Bill 2015 has become Finance Act 2015 as it received assent from the president. Let us analyse certain provisions which become applicable on enactment of the Finance Bill 2015
Karneeti Part 89 Beware of the side effects of TDS on the Interest of Deposits in Co-op. Banks w.e.f 1st June, 2015Arjuna (Fictional Character): Krishna, Income Tax Department has introduced the provision of TDS deduction on the Interest of Fixed Dep
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