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Deduction in new regime: The New Tax Regime is new reforms in the income tax consideration introduced within the Union Budget of India in 2020. It supports lower rates of taxation in return for excluding nearly all deductions and incentives that are afforded under the pre–reform laws. The intended outcomes of this regime are namely […]
Read MoreDeductions in the Old Tax Regime The Indian taxes structure has evolved many times with the multiple tax systems having been implemented in order to enhance the ease of tax compliance. one such regime is the old or the previous tax regime which provides innumerable deductions to the individual with an aim to bring down […]
Read MoreBONUS ISSUE Bonus Issue is provided for in the section 63 of the Companies Act, 2013. Bonus shares are issued by way of utilizing the profits and reserves of the company and issuing shares against those profits. The main purpose is to utilize the reserves of the company for the company as well as please […]
Read More– Quarterly Compliances Regulation compliance Timeline Due dateQ1Ending June Due date Q2Ending September Due date Q3Ending December Due date Q4Ending March Regulation 31 (1) (b) Disclosure of shareholding pattern Within 21st day from the end of the quarter By 21st July By 21st October By 21st January By 21st April 27 (2) (a) Corporate Governmance […]
Read MoreWHAT IS RIGHT ISSUE As per Section 62(1)(a) of the Companies Act, 2013, a right issue is explained as follows: 62(1) Where at any time, a company having a share capital proposes to increase its subscribed capital by the issue of further shares, such shares shall be offered— (a) to persons who, at the date […]
Read MorePREFERNTIAL ISSUE OF SECURITIES A “Preferential Offer” refers to the issuance of shares or other securities by a company to a selected individual or group on a preferential basis. This does not encompass shares or other securities offered through public issues, rights issues, employee stock option schemes, employee stock purchase schemes, or the issuance of […]
Read Morestatutory registers under companies act 2013 As per the Companies Act, 2013 there are twenty-three registers but out of that fifteen registers have been made mandatory by the act. The format of the Register or the contents of the Register are provided by the law under section 21 (1). Some of them apply to all […]
Read MoreWhat is Private Placement Section 42 of the Companies Act, 2013 (‘Act’) provides that a company can make a private placement to a select group of persons. Private placement by companies means offering its securities or inviting to subscribe its securities for a select group of persons through an offer letter. It is different than […]
Read MoreWhat are options to resolve dispute between directors of a company? Disagreements and dispute between directors of a company are quite common. However, if these disputes aren’t resolved quickly, they can significantly harm the business. The situation becomes even more complex if the directors involved are also shareholders. These conflicts can arise for various reasons, […]
Read MoreStrike off of a Company. Striking off a company’s name is an alternative way to wind up its operations. The Registrar of Companies (ROC) can issue a notice to strike off the company’s name from the Register of Companies for specific reasons. Alternatively, the company itself can apply to the ROC for its name to […]
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