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Yearly Archives: 2020

SECTION 68 ADDITION NOT JUSTIFIED IN CASE OF ISSUE OF SHARES IN EXCHANGE OF SHARES

ITO Vs DSR Impex Pvt. Ltd. (ITAT Kolkata) The issue under consideration is whether the addition u/s 68 is justified in case of issuance of...

I-T DEPARTMENT ALLOWS CONDONATION OF DELAY IN FILING AUDIT REPORTS BY TRUSTS, INSTITUTIONS – ZEE BUSINESS

The Income Tax Department has allowed condonation of delay in filing audit reports by trusts, institutions, universities and hospitals who claim tax exemption The Income...

SEBI: ISSUES GUIDELINES TO FURTHER STRENGTHEN INVESTOR GRIEVANCE REDRESSAL MECHANISM

SEBI issues guidelines to further strengthen investor grievance redressal mechanism, reiterates that stock exchanges shall ensure that investor grievances are resolved within 15 days...

SEBI: LEAD MANAGERS CANNOT SHARE BIDDING DATA WITH INVESTORS DURING BIDDING-PERIOD

SEBI vide an Informal Guidance to Citigroup (‘Applicant’) clarifies that Merchant Bankers shall not share bidding data with investors or on request of investors...

I-T SURVEY TO BE CONDUCTED ONLY AFTER APPROVAL OF SENIOR OFFICERS: CBDT

Income tax surveys to collect information for scrutiny assessment will be undertaken by the tax deducted at source (TDS) directorate only after approval from...

COMPOSITION TAXPAYERS WITH ‘NIL’ RETURNS CAN FILE VIA SMS: GSTN

With this, composition taxpayers can now file NIL statement in Form GST CMP-08 through SMS and without logging in to the GST portal. CMP-08...

ARE YOU A STARTUP OR A STARTING ORGANIZATION?

Most of the businessmen like to use the term “STARTUP” without knowing the actual meaning of STARTUP. There is a big difference between a...

ROC CANNOT DEACTIVATE DIN OF DIRECTOR FOR DISQUALIFICATION IN ANY COMPANY

Meethelaveetil Kaitheri Muralidharan Vs Union of India (Madras High Court) The issue under consideration is whether the ROC is correct and empowered to deactivate the...

INDEPENDENT DIRECTORS QUITTING OVER GOVERNANCE ISSUES SHOULD STATE IT CLEARLY: SEBI

Sebi chairman Ajay Tyagi on Wednesday said independent directors resigning over governance concerns should come forward and state the same clearly to the public...

Our clients looking to acquire K12 Schools in any City in India.

We also arrange Debt funding or operational management / Franchise for Schools and Educational Institutions in India. We also organise funding from HNIs / Angel...

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