CAclubindia Articles

Section 186 of Companies Act - Loan and Investment by Companies

Rish s 18 April 2022 at 08:49

Acquire shares of any Body corporate (Investment cannot be from more than 2 layers of investment companies)

Section 185 of Companies Act - Loan to directors

Rish s 18 April 2022 at 08:49

Guarantee/security in connection with loan taken by Pvt Co. in which such director is director or member and the loan is utilised for principal business activities.

Some important judgments on Income Tax, GST, IBC and other corporate laws

FCS Deepak Pratap Singh 16 April 2022 at 17:39

Important judgments on Income Tax, GST, IBC and other corporate laws has been listed in this article

Income Tax Questions & Answers Series Consolidated

FCS Deepak Pratap Singh 16 April 2022 at 08:05

As we are aware that Income of a resident in India from sources anywhere in world will be taxable under provisions of Income Tax Act, 1961. In case a person, who is a non-resident in India during previous year and he earns any income from India, then taxability of that Income will be decided on the basis of source of income as well as residence of assessee.

Importance of Non Disclosure Agreement (NDA) or Confidentiality Agreement

CA Puja Sharma 16 April 2022 at 08:04

A Non Disclosure Agreement is a legal contract signed between two or more parties who share personal and sensitive knowledge or information for varied purposes and want to ensure that such information remains confidential.

Whether provisions of Section 143A of NIA, 1881 is prospective or retrospective

FCS Deepak Pratap Singh 16 April 2022 at 08:04

Negotiable Instruments Act,1881 is an Act to define and amend the law relating to Promissory Notes, Bills of Exchange and Cheques.

Notice from Customs for recovery of Drawback on Non-Realisation of Exports Proceeds

CA Sachin M Jain 15 April 2022 at 17:32

Lot many exporters have started receiving notice from Customs department for recovery of Drawback

Legal Compliance Calendar for FY 2022-23

CA Harshawardhan Nigade 15 April 2022 at 07:23

Legal Compliance Calendar for FY 2022-23 Covering Important due dates Company Law, GST Act, Income tax Act, Labour laws etc.

Whether mere endorsement of the Bank "payment stopped" is sufficient to entertain the complaint u/s 138 of NI Act?

FCS Deepak Pratap Singh 14 April 2022 at 07:45

A well appreciated and welcome decision from the Apex Court in which court held that the object of Chapter XVII, which is intituled as "OF PENALTIES IN CASE OF DISHONOUR OF CERTAIN CHEQUES FOR INSUFFICIENCY OF FUNDS IN THE ACCOUNTS" and contains Sections 138 to 142, is to promote the efficacy of banking operations and to ensure credibility

Whether operational creditor includes a purchaser of goods and services

FCS Deepak Pratap Singh 14 April 2022 at 07:45

In a recent judgment, the Supreme Court of India, while keeping up the efforts of plugging various loopholes in the Insolvency & Bankruptcy Code, 2016 ("Code"), decided an interesting legal issue relating to the scope of Section 5(20) of the Code, which provides the definition of "operational creditor".