Definition of the dividend (Section-2(35)) Dividend includes interim dividend. The dividend shall be paid out of profits of the company only. Applicability All the company can declare the dividend except the company registered under section-8 (Non-profit organisation). Company may before…
India is a Big Market, in order to attract the market and new business in India, the government has established ease of doing business which leads the businessman to incorporate their companies within one/two days and the process of incorporation…
Once the company is incorporated,thereare initial compliancesthat are applicable to the company and some of these compliances are specified below: FIRST BOARD MEETING WITHIN 30 DAYS FROM THE DATE OF INCORPORATION The Company has to conduct its first Board Meeting…
In the wake of COVID-19 the Ministry of Corporate Affairs has pursuant to a circular dated 08th April 2020 allowed conducting of Extra-Ordinary General Meetings through Video Conferencing or other Audio-Visual means earlier not allowed in the companies. The Companies…
In the wake of COVID-19, the Ministry of Corporate Affairs has pursuant to circular dated 08th April 2020 allowed conducting of Extraordinary General Meetings through Video Conferencing or other Audio-Visual means earlier not allowed in the companies. The Companies can…
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…
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…
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…
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 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…