Section 108 of the Companies Act,1956 read with Section 2(47) of the Income Tax Act, 1961 – transfer of shares – assessee transferred pledged shares and showed capital gains as well as loss – AO rejected the claim on the ground that pledged shares cannot be transferred – whether tenable- Held, No. Brief facts …
Assistant Commissioner Of Income Tax V. Biraj Investment (P) Ltd [Guj] Read More »
Case Decided on – 11.10.2012 Issue Involved: In this case, the issue involved was that if there is a default on the part of a private limited company in payment of its income tax dues to the Income Tax Department then the liability of the company can be shifted to its director(s) u/s 179 of …
Default by Cost Auditors in filing Form 23D against the corresponding Form 23C – MCA vide General Circular No.15/2011 dated April11, 2011 had prescribed a revised procedure to be followed for appointment of cost auditors. As per the revised procedure, each company was required to e-file its application with the Central Government in the …
General Order – SEBI (Framework for Rejection Of Draft Offer Documents) Order, 2012: SEBI has, vide General Order dated October 9, 2012, notified the framework for rejection of draft offer documents filed with the Board. Public issues in electronic form and use of nationwide broker network of Stock Exchanges for submitting application forms – SEBI has …
I started a company with a baby on my lap” – Rashida Adenwala, Founder Partner, R&A Associates, Company Secretaries
R &A is proud to announce the excellent participation of its traniee’s in 13th National Students Conference held on 7th and 8th September, 2012 at Hyderabad. The trainees had been given the opportunity to enact a Mock Annual General Meeting. R & A congratulates all the trainees for putting up a great show and for …
Sl.No Activities Sections /Rules /Clauses,etc. Acts / Regulations, etc. Compliance Due Date 1 Compliance Certificate on Corporate Governance Clause 49 Listing Agreement 15th October,,2012 2 Shareholding Pattern Clause 35 Listing Agreement 21st October,2012 3 Compliance Certificate on Share Transfer Process (Half Yearly Compliance) Clause 47(c) Listing Agreement 31st October,2012 4 Submission of Reconciliation of …
“Tough times never last, but tough people do” the title of the book by Robert H. Schuller, is so apt for all those corporates and business houses that have been able to sustain themselves in these very prolonged depressed economic markets. With the government of India, now pushing the pedal on perhaps the biggest economic …
Foreign Direct Investment (FDI) in India – Allotment of Shares to person resident outside India under Memorandum of Association (MoA) of an Indian company – Pricing guidelines :RBI has vide its circular RBI/2012-13/223 A.P. (DIR Series) Circular No. 36 dated September 26, 2012 has intimated that in cases, where non-residents (including NRIs) make investment in an …
Filling Of Balance Sheet and profit and loss Account by Companies in Non-XBRL for the accounting year commencing on or after 01.04.2011 : In supersession to all the earlier circulars issued in this regard, the Ministry has now issued General_Circular_30/2012. dated 28.09.2012 as per which the due date of filing of e-forms 23AC(Non-XBRL) and 23ACA …
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