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What 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 […]
Read MoreAs per provision of company law even though the company is registered in some state can its operation be conducted from some other state? Yes, It is possible for business firms to incorporate in one state and operate business in another state in India. The enterprise registration in India is carried under the law of […]
Read MoreWhen is a Director Considered Disqualified from the Position of a Director? A company functions as a legal entity via natural beings known as directors. These experts, often known as corporate officials, are in charge of managing the company’s operations. – Unsound Mind: If the court declares a director to be unsound of mind. – […]
Read MoreWhat are options to resolve dispute among directors? Disagreements among 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, such as differing opinions on […]
Read More√Loan from Shareholder: Yes, shareholders and their relatives can give a loan to the company. However, there are some important rules to keep in mind. According to Rule 3 of Chapter V (Terms & Conditions of Acceptance of Deposits) in the Companies Act, a company is restricted from accepting or renewing deposits from its members […]
Read MoreLoan from Director under Companies Act 2013. A common question that arises is whether a director or shareholder can give a loan to a company. This applies to both private companies and unlisted public companies. If a company accepts a loan from an individual who is both a director and a shareholder, should this be […]
Read MoreOVERVIEW FOR ALL THE FORMS 1 TO 6. the Income Tax Department of India recently the updated Income Tax Return (ITR) forms for the assessment year 2024-25. Let’s dive into what’s changed, who’s eligible, and how these forms connect in a nutshell: Specific changes and Eligibility criteria For Filing ITR Forms. √ITR Form 1 Specific […]
Read MoreWhat does ITR- 6 Form stand for? ITR 6 is the Income Tax Return filing form designed exclusively for companies who do not claim exemption under Section 11 and must file their income tax returns in ITR-6 Form. What companies are claiming exemptions under Section 11? Companies that claim an exemption under section 11 are […]
Read MoreWhat is ITR-5 Form? This income tax return is designed for various entities, including firms, LLPs (Limited Liability Partnerships), AOPs (Associations of Persons), BOIs (Bodies of Individuals), AJPs (Artificial Juridical Persons), estates of deceased individuals, estates of insolvent individuals, business trusts, and investment funds. You can view the latest ITR-5 form from the Income Tax […]
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