Simplifying Taxation in India
A mutual fund is a pool of money from numerous investors who wish to save or make money just like you. Investing in a mutual fund can be a lot easier than buying and selling individual stocks and bonds on your own.Obtain a valid certification from the National Institute of Securities Market(NISM) by passing their … Read more
As per section 12 of the Companies Act’2013:Registered office of company(1) A company shall, on and from the fifteenth day of its incorporation and at all times thereafter, have a registered office capable of receiving and acknowledging all communications and notices as may be addressed to it. (2) The company shall furnish to the … Read more
INC-1 – Application for reservation of name INC-2 – Incorporation and nomination (One Person Company – OPC) INC-3 – Consent of nominee of OPC INC-4 – Change in member / nominee of OPC INC-5 – Intimation of exceeding threshold of OPC i.e. ceased being an OPC INC-6 – Application for Conversion of Private company into OPC INC-7 – … Read more
Conversion of Private Limited Company/ Unlisted Public Company into Limited Liability Partnership Key Benefits: 1. One of the most important reasons for the conversion of a Company into a Limited Liability Partnership is derived from the Income Tax Act. The Income Tax Act, 1961 provides for Minimum Alternate Tax and payment of Dividend Distribution Tax by … Read more
Effective Date: 02.12.2014.The Corporate Affairs Ministry has had extensive consultations with stakeholders in the matter. The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, on 2ndSr No. December 2014 approved the introduction of the Companies (Amendment) Bill, 2014 in Parliament to make certain amendments in the Companies Act, 2013. This would be among … Read more
The Lok Sabha today passed the Companies (Amendment) Bill, 2014, after Corporate Affairs Minister Arun Jaitley told the house that some of the original provisions were only posing hurdles to doing business in the country. “The object of these amendments is solely to ease the process of doing business in India. None of them have … Read more
Section 185 now applies to all companies including private companies.A Company shall not directly or indirectly advance any loan or give any guarantee or provide security to any of its directors or to any other person in whom the directors are interested.The provisions of this section does not apply in the following cases:1. loan given … Read more
SECTION 139, 141,142, and 144 of the Companies Act, 2013 and the Companies (Audit and Auditors ) Rules, 2014 deal with appointment of Auditors, the criteria to become Auditors and payment of their remuneration etc. The new Act has not simplified the process. It is for us to understand the complexities involved and to a … Read more