Company Law and IBC
Compliances after Incorporation of Company:-
1.Bank Account:-
After the incorporation of the company there must be a bank account in the name of the company so that authenticity of each and every transaction can be maintained for the sake of...
Company Law and IBC
Extension invalidity for Names Reserved and Resubmission of Forms by MCA
In view of the situation arising due to COVID-19 pandemic and extended lock down period in the country, Ministry of Corporate Affairs has extended PERIOD/DAYS OF EXTENSION FOR NAMES RESERVED AND RE-SUBMISSION OF FORMS.
Sr....
Company Law and IBC
Petition for initiation of insolvency proceedings by Home Buyers
Insolvency and Bankruptcy Code 2016 is the law relating to insolvency and bankruptcy in India. This code was enacted with a view to consolidate and amend the law relating to insolvency and to remove...
Company Law and IBC
Penalty u/s. 270A and 271(1)(c)
Before the introduction of S. 270A, Section 271(1)(c) of the Income Tax Act was in place being penalty on concealment of income and or furnishing inaccurate particulars of income. However this section always caused...
Company Law and IBC
Covid-19: Bankruptcy Dominoes
As on 10th of May 2020, there are around 4.06 million reported cases of coronavirus confirmed all around the globe, costing humanity as many as 280’K lives. And, looking forward it looks like the...
Company Law and IBC
Section 115 BAB – New Corporate tax rate for new manufacturing companies
The Government, via Taxation Laws (Amendment) Ordinance, 2019 passed on 20 September 2019, has introduced a favorable new corporate tax rate for new manufacturing companies. It has inserted Section 115BAB offering a low...
Company Law and IBC
“LLP Settlement Scheme 2020”- File all pending returns with reduced additional fees- One time benefit for LLPs
The Ministry of Corporate Affairs, Government of India has introduced the "LLP Settlement Scheme 2020" vide General Circular No. 06/2020 dated 04.03.2020 and modified the same further vide General Circular No. 13/2020 dated 30.03.2020.
What...
Company Law and IBC
KYC for Companies to be filed with Registrar latest by 25th April, 2019 as notified by MCA
Ministry of Corporate Affairs (MCA) has introduced KYC of Companies by inserting Rule 25A under Companies (Incorporation) Rules, 2014. This has been notified by MCA vide notification dated 21st February 2019 and shall be effective from 25th February 2019. Below...
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