May, 2015 has just passed….a big relief for many from the hot summer. This time it was a talk of the nation and a few international media as well that Telangana and AP had the highest death toll due to high temperature. Union Government Narendra Modi’s Government successfully completed its maiden year. Though not achieved …
INTRODUCTION: The Companies (Amendment) Bill 2015 was recently passed in Rajya Sabha on 13th May 2015 and in Lok Sabha on 17th December, 2014. The Bill received the assent of the president on 25th May, 2015 and was published in official Gazette of India on 26th May, 2015. The Central Government has appointed May 29, 2015 as …
S.No. Compliance Forms to be Filed Relevant Law Due Date 1 Excise Duty payment GAR 7 Central Excise Rules, 2002 5th June, 2015 2 Payment of service tax to the department GAR 7 Service Tax Rules, 1994 5th June, 2015 3 Tax Deducted at Source Payment Challan No./ITNS 281 Income Tax Act, 1961 7th June, …
LABOUR & OTHER COMPLIANCE’S FOR THE MONTH OF JUNE 2015 Read More »
Criminal Appeal No. 568 of 2008 S. Muralidhar, J.[Decided on 31/07/2014] Foreign Exchange Regulation Act,1973- section 68- offences by company- director’s vicarious liability-nonexecutive director- non submission of proofs of imports – SCN issued to the company and its directors- no specific averments in the SCN- reply of the director not considered by Assessing officer (AO)– …
UMESH K. MODI (Appellant) Vs. DEPUTY DIRECTOR OF ENFORCEMENT [DEL] (Respondent) Read More »
R & A family had a team outing on 25th & 26th April, 2015 at the Domus Resorts, Shameerpet, Hyderabad. R & A had hired event mangers to facilitate the two day event. The event managers had planned the entire event with one major objective in mind which was to have ‘FUN’. Various team building …
Case Decided On: 17-03-2015 J. Chelameswar & R.K. Agrawal, JJ. [Decided on 17/03/2015] Section 186 of the Companies Act 1956 read with section 9 of Civil Procedure Code,1908 – disputes in holding general meeting – civil court admitted the suit filed by respondent – appellants contested that the issue should go before CLB – whether …
Jyoti Limited & Others (Appellants) Versus Bharat J. Patel & Others (Respondents) Read More »
Sl. No. Particulars Companies Act, 2013 Companies Act, 1956 1. Number of directors Section 149(1) Minimum No. of directors: Private Company – 2 (Two) Public Company – 3 (Three) Maximum No. of directors: Can be increased beyond 15 (Fifteen) by means of special resolution Section 259 Minimum No. of directors: …
The provisions relating to Independent Directors have been taken from Sections 149, 150 of Companies Act, 2013 and Schedule IV read with Rule 4, 5 & 6 of the Companies ( Appointment and Qualification of Directors) rules, 2014 ESSENCE : The Companies Act, 2013 (“Act”), aims to overhaul the provisions relating to independent directors completely …
DEFINITION: “Corporate Governance involves a set of relationships between a company’s management, its board, its shareholders and other stakeholders. Corporate governance also provides the structure through which the objectives of the company are set, and the means of attaining those objectives and monitoring performance are determined.” INTRODUCTION: The German Corporate Governance Code presents essential statutory …
Introduction: The Undisclosed Foreign Income and Assets (Imposition of Tax) Bill, 2015 (also known as the “Black Money Bill”) is proposed to be tabled before Lok Sabha next week which was introduced earlier in the parliament in the month March, 2015. The objective of the bill is to make provisions for undisclosed foreign income and …
UNDISCLOSED FOREIGN INCOME AND ASSETS (IMPOSITION OF TAX) BILL, 2015 Read More »
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