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Section 2(84) indicates ownership of an individual towards the company whose shares was purchased. By owning shares from a company one becomes an investor and as per Companies Act, 2013 claims the voting rights. Those who hold the share of the company fall under the category of shareholder thus they…

The MCA (Ministry of Corporate Affairs) has amended LLP Rules by introducing form 24 which paves way to easily dissolve the LLP by making an application to strike down the name. Section 63 of Limited Liability of Partnership Act, 2008 outlines on winding procedures of LLP. The mentioned winding up/…

Indian culture always gives equal importance to benevolence as well as socializing. Both these concepts are deeply rooted in our households. Our topic of discussion today revolves around these two concepts. We will discuss Charity and Mutuality under GST. Charity means doing something for helping a needy without expecting anything…

All the commercial banks, financial institutions, authorised foreign exchange dealers and non-banking financial institutions are required to file returns. These return formats are controlled by RBI.RBI seeks data in specified and uniform formats. These days the prescribed return format is eXtensible Business Reporting Language (XBRL). In this article we will…

MCA or the Ministry of Corporate Affairs deals with the Companies Act 1956, Limited Liability Partnership Act 2008, and other regulations and acts associated with the functioning and administration of the corporate sector. ROC (Registrar of Companies) is an office or a branch of MCA and is responsible for registering…

  The taxation laws are a very important part of the economic cycle of any society. These laws are for betterment of citizens as well as better governance by government. However, with time just like other things legal provisions also need a review and change as per the needs of…

GST has always been in news since its inception on 1st July 2017. The centre is doing a comprehensive study on the GST law to examine the main issues in this system. This study will examine the services given by multinational company's back offices. In addition to this, they will…

The registered office of a company is computed as a place where all the official connections concerning the company are sent. Other than the registered office, a company owns many various offices such as administrative office, branch office, corporate office, and factory. At the same time, it is essential for…

The meaning of term differential voting rights is the difference between voting rights of two classes of shareholders. Now, this difference can either give them more or less voting rights. In this article we will understand the concept of Differential Voting Rights of Company. We will see that what are…

TDS under Section 194Q of the Income Tax Act,1961 was introduced in Union Budget 2021 which is effective from 1st July 2021. Businesses are required to deduct TDS on purchase of goods if the amount exceeds fifty lakh rupees in the current financial year and ten crore rupees in preceding…