As per Rule 7(1) of the Companies (Incorporation) Rules 2014, a Section 8 Company cannot be converted into a One Person Company. It can only be converted into a Private Company or Public Company.
The most important section in Income Tax Act, 1961 that lays down various products/options available to taxpayers is Section 80C. The total admissible deduction under Section 80C is Rs.150,000.
Paytm is available at a price of Rs 2,300 in the grey market, a premium of Rs 150 or 7 percent over the upper price band of Rs 2,150 per share, as per the IPO Watch.
A vital question arises at this juncture and is also a matter of prolonged litigation as to whether the reasons to believe can come into existence after the issuance of a warrant of authorization.
In an industry dominated by men, women have gained immense popularity over the past couple of years. Let us know seven such powerful women across the globe who have made a mark in the Finance Industry.
Once a director is disqualified u/s 164(2), they shall be eligible to be re-appointed as a director of that company or appointed in another company for a period of five years from the date of disqualification.
IPO means Initial Public Offering where a company lists its shares for the general public in the stock market. A company raises funds through it.
As per Section 32(1)(ii), depreciation is allowable in respect of know-how, patent, copyrights, trademarks, licenses, franchises or any other business or commercial rights of similar nature.
SEBI has notified the SEBI (Listing Obligations And Disclosure Requirements) (Sixth Amendment) Regulations, 2021. These regulations shall come into force w.e.f. 01st April 2022.
Under GST law before taking credit of input tax the important test is the business nexus test where we have to check that input is used or intended to be used in the course or furtherance of business.
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