Introduction: The Right to Information Act, 2005 (“the Act”) came into force on 12th October 2005. The main objectives of this Act is to ensure greater and more effective access to information, maintain transparency and to improve accountability in the working of the public departments both Central and State. The Act extends to the whole […]
RIGHT TO INFORMATION ACT, 2005 Read More »
Income Tax Act, 1961 – Can the Assessee claim deduction for expenditure incurred for such income which is exempt from Tax ? Brief facts Assessee was a dealer in Shares and Securities. 63 % of the Shares, which were purchased were sold and the income derived therefrom was offered to Tax as Business income. The remaining
CCI Ltd Vs Jt. CIT [High Court of Karnataka] Read More »
Section 138 read with Section 142 of Negotiable Instruments Act, 1881 – Section 482 0f Code of Criminal Procedure – Cognizance of an offence punishable under Section 138 of the Negotiable Instruments Act, 1881, taken on the basis of a cause of action that has not accrued at the time of making the complaint but
Yogendra Pratap Singh Vs. Savitri Pandey & Anr.[SC] Read More »
Constitution of a Committee for Reforming the Regulatory Environment for doing Business in India – Considering the report of the World Bank and the International Finance Corporation, entitled “Doing Business 2012: Doing business in a very Transparent World” in which India has been ranked at a low of 132 amongst a sample of 183 Countries,
Ministry of Corporate Affairs Read More »
Manner of achieving minimum public shareholding requirements in terms of SCRR, 1957– SEBI has with a view to facilitate listed entities to comply with the minimum public shareholding requirements within the time specified in Securities Contracts (Regulation) Rules, 1957 (“SCRR, 1957”), allowed the following additional methods:- Rights Issues to public shareholders, with promoters/promoter group shareholders
SECURITIES AND EXCHANGE BOARD OF INDIA (SEBI) Read More »
Overseas Direct Investments – Rationalisation of Form ODI: RBI Vide RBI/2012-13/171 A. P. (DIR Series) Circular No.15 informed that in terms of Regulation 15(iii) of the Notification ibid, an Indian Party is required to submit to the Reserve Bank through the Authorised Dealer every year within 60 days from the date of expiry of the
RESERVE BANK OF INDIA (RBI) Read More »
1. Word: “Malfeasance” Meaning: Misconduct or wrongdoing, especially by a public official. Example:The government wants to draw a line under the glut of financial malfeasance Pronounciation: mal+fea+sance 2. Word: Ratification Meaning: the act of ratifying; confirmation; sanction. Example: We should remain in mind that it is not a time bound agreement and its implementation
Case/Question decided Mr. X, son of Mr. Y, has died in an accident. Then Ms. Z, mother of Mr. X made a claim against the insurance company stating that Mr. X was employed as driver by Mr. Y and Mr. X has died during the course of the said employment. The question that has been
Introduction A Trademark is a name or a logo or a jingle or a piece of original music, the means by which a business makes itself visible in the marketplace. A trademark is “a word, symbol, numeral, combination of colours or a device that is used in trade on goods to indicate the source of
Trade Mark – Intellectual Property Read More »
Compliance for the month of September, 2012 S.No. Compliance Forms to be Filed Relevant Law Due Date 1. Excise Duty payment GAR 7 Central Excise Rules, 2002, 5th September 2. Payment of service tax to the department GAR 7 Service Tax Rules, 1994 5th September 3. Profession Tax Monthly Return Form V Andhra Pradesh Tax
Compliance for the month of September, 2012 Read More »