Personal Guarantor to Corporate Debtor: A Comprehensive Overview
Personal Guarantor to Corporate Debtor: A Comprehensive Overview INTRODUCTION A personal guarantor to a corporate debtor is an individual who pledges their personal assets to secure a loan or credit facility extended to a corporate entity. Often a director, promoter, or stakeholder of the company, the guarantor ensures that in case the corporate debtor defaults […]
Legal Framework Of Voluntary Liquidation Of Corporate Persons
Legal Framework Of Voluntary Liquidation Of Corporate Persons INTRODUCTION The process of voluntary liquidation for corporate entities in India is governed by Section 59 of the Insolvency and Bankruptcy Code (IBC) 2016, alongside the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017. These laws provide a comprehensive framework for Liquidation of the […]
Winding Up Of A Company By A Tribunal – Analysis
Winding Up Of A Company By A Tribunal – Analysis INTRODUCTION The Companies Act, 2013 in India contains provisions for the winding up of a company under Chapter XX. The term “winding up” as outlined in Section 270 of the Companies Act, 2013, refers to the different modes of winding up by either a Tribunal […]
Shop and Establishment Registration: Your Guide to Compliance
Shop and Establishment Registration: Your Guide to Compliance Shop and Establishment registration is essential for businesses to operate legally while ensuring compliance with state labour laws. This registration certifies that your business adheres to state-specific regulations and safeguards employee rights. Every establishment requires Shop and Establishment Registration. What is Shop and Establishment Registration? This registration […]
Rebate Under Section 87A: Updated Rules and Impact on Taxpayers
Rebate Under Section 87A: Updated Rules and Impact on Taxpayers Overview of Rebate u/s 87A Rebate under Section 87A of the Income Tax Act provides financial relief to taxpayers whose total income does not exceed a specified limit. Eligible taxpayers can reduce their tax liability up to a maximum specified amount based on their total […]
Small Company under Companies Act, 2013: Definition, Benefits, and Compliance Requirements
Small Company under Companies Act, 2013: Definition, Benefits, and Compliance Requirements The Companies Act, 2013 introduced the concept of a Small Company to ease the compliance burden on smaller entities and promote the ease of doing business in India. This classification allows such companies to focus more on their growth and less on stringent legal formalities. However, […]
Appointment of a Company Secretary Under the Companies Act, 2013: A Detailed Guide
Appointment of a Company Secretary Under the Companies Act, 2013: A Detailed Guide The Companies Act, 2013 governs corporate governance and compliance in India, with the Company Secretary (CS) playing a crucial role. This blog provides a detailed understanding of the appointment process, qualifications, roles, and legal requirements for appointing a Company Secretary, including the relevant sections and […]
Unlock Tax Savings: A Complete NRI Guide to Lower or NIL TDS Certificates for Property Sales
The Indian government is actively engaging with the private equity and venture capital sectors to discuss the taxation of fund managers,
New RCM Time of Supply Rules: A Major Shift Starting November 1, 2024
The Indian government is actively engaging with the private equity and venture capital sectors to discuss the taxation of fund managers,
Share Certificate and its Key Aspects
The Indian government is actively engaging with the private equity and venture capital sectors to discuss the taxation of fund managers,
