A brief about section 397/398: Section 397 and 398 of the Companies Act, 1956 deals with “oppression” and “mismanagement” by the majority in a Company against the Minority Shareholders. How to construe “minorit ..
I have been writing articles on Company Law in India, issues touching the corporate world and especially issues pertaining to Company dispute resolution mechanism. The state is supposed to do everything that is required for the betterment o ..
Company dispute resolution mechanism – Company Law in India: With the experience of looking at the litigation before the Company Law Board and the Company Court, with the privilege of looking at various judgments under the provisions of Compa ..
Business impact of regulations in the Indian Asset Management Industry: Playing in the new market place The financial year 2008-09 was a landmark year for the Indian Asset Management Companies (AMC’s). After a 50% year on year growth for 6 pr ..
In October 2007 the British Prime Minister Gordon Brown had to personally apologize for the loss of two disks containing personal information of 25 million citizens leading to fears of breach of privacy. This breach was expected to cost the governmen ..
Estimates may vary, but clearly, the size of the black economy is monstrously large. Several factors are responsible for this. The type of faulty tax structures that we designed for ourselves, the ineffective and inefficient manner in which we implem ..
The income tax department has asked all deductors to register their TAN on NSDL web site. Once registered, the deductors will be provided User ID and password for authenticated access.Benefit of registrationThe access will result in the following be ..
The undersigned is directed to state that ‘Packaged Software’ is a type of IT software which caters to the needs of a variety of users and is capable of being used for variety of hardwares. IT software is fully exempt from basic customs d ..
you can receive any amount from your relatives without paying any income tax as there is no gift-tax at present. There are certain provisions and important points which we will discuss in this post. Gift can be received by the following ways. From Re ..
“A company (hereinafter called C) did a Cenvat fraud. A transporter (called T) assisted the company by providing fake Goods Receipts, when actually the goods were never transported. Original authority confirm the demand and imposed a penalty of ..
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