As per Section 149 (1) read Rule 3 of Companies (Appointment and Qualification of Directors) Rules, 2014 below mentioned are the companies which must have at least one director as women director: – All Listed Companies All Public companies having…
Appointment Of Independent Directors: NOW A DATABANK’S JOB
Section 150 of the Companies Act, 2013 has provided for the maintenance of Databank of Independent Directors and for the selection of Independent Directors. The Ministry of Corporate Affairs has thusvid its notification dated 22nd October 2019 set forth Companies…
Amendement: Conducting Of Board Meeting Through Video Conferencing Mode
The Ministry of Corporate Affairs has vide its notification dated 19th March 2020 ameliorated the Companies (Meetings of Board and its Powers) Rules, 2014. The Rules are hereby called as Companies (Meetings of Board and its Powers) Amendment Rules, 2020.In…
Abridged Directors Report For Small & One Person Company (OPC)
The small company concept was introduced by the government to provide various benefits to the people of India, the small company will not specifically be registered with a specific name but will be registered under a private company with a…
Taxability On Salary Paid To An Ex-Pat
Taxability on salary paid to ex-pat has always been a matter of dispute in service tax, as taxation authorities wanted to consider this transaction as supply and levy tax on the same. On the other hand, assesses did not want…
Whether SEZ Units/Developers Are Eligible to Claim Refund?
Every taxpayer making payment of taxes to the Government on their purchases is knocked off while making the outward supply. A taxpayer must bear the tax liability on the value addition made by him, at each stage. But sometimes supply…
Why The Outsourcing Model Is Important As Compared To The Hiring Model?
You have probably wondered the same thing as your competitors: Should you do in-house hire or recruitment process outsourcing (RPO)? But, before we get to that, let us discuss what exactly RPO is and how it works. Recruitment Process Outsourcing-…
GST Applicability on Import
The main objective of any economy is development and trade plays an important role in achieving the objective of development. Imports are potential weapons for the development of an economy therefore, lawmakers had placed their specific sight on Imports. Considering…
Why System Controls Are Important
In the modern era, the role of IT and automation in almost every walk of life has become indisputably massive. The commercially oriented enterprises are always at the forefront of adopting new and sophisticated technologies to introduce just that innovation…
The Tale of Two Contrasting Decisions
Refund of ITC on Input Services Within GST, the term “Inverted Tax Structure” represents the situation when the GST rate paid on inward supplies (or purchases) is higher than the GST rate paid on outward supplies (or sales). According to…