Author: Damodhar C

Micro and Small Enterprises comprises largest portion of the MSME Sector

September 14, 2021 By Damodhar C Off

Being repsonsible for contributing the expansion of entrepreneural endeavours the Micro, Small and Medium Enterprises sector (hereinafter MSME)  has been widening its domain across country. The recent data published by the government through the ministry of MSME https://msme.gov.in/  speaks that there are nearly 633.88 lakhs…

Choose your Career – CA vs CS vs CMA

September 14, 2021 By Damodhar C Off

Many of us are confused as to what to choose as a professional career after 12th or undergraduate. Undoubtedly, these three are considered to be the most prestigious and most popular professions in the fields of Commerce, Finance and Legal in India. But the question…

All about LLP and its registration process

September 14, 2021 By Damodhar C Off

What is an LLP? Limited liability partnership is a body corporate and legal entity separate from its partners. LLP has fewer compliances as compared to registered companies. Registration process Admission/Cessation of Partner Compliances to be done by LLP How to Register an LLP in 3…

Companies Act 2013 List of all Sections

September 14, 2021 By Damodhar C Off

DECLARATION AND PAYMENT OF DIVIDEND 123 Declaration Of Dividend 124 Unpaid Dividend Account 125 Investor Education And Protection Fund 126 Right To Dividend, Right Shares And Bonus Shares To Be Held In Abeyance Pending Registration Of Transfer Of Shares 127 Punishment For Failure To Distribute…

July 2021 CA Foundation and Final Results Declared

September 13, 2021 By Damodhar C Off

The Institute of Chartered Accountants of India has declared the results for the July 2021 CA Foundation and Final Exams that were held from 5th July 2021 onwards. July 2021 CA Foundation and Final Results Declared Steps for checking the result Step 1: Visit icaiexam.icai.org,…

Decisions by supreme court – till 13.09.2021

September 13, 2021 By Damodhar C Off

 Possible view by Arbitral Tribunal on construction of contractual terms cannot be substituted by High Court under Section 37(1)(c) of Arbitration Act The Supreme Court has discussed and summarised the principles applicable to a Court’s interference with an arbitral award in exercise of its jurisdiction…

Tax Exemptions Available For Startups In India

September 13, 2021 By Damodhar C Off

According to Section 2(40) of the Companies Act, 2013, startup means (i) A private company registered under companies act, 2013 or any previous act (ii) Recognized as a startup in accordance with the Department of Industrial Policy and promotions (DIPP). In order to accelerate the…

CBDT amends Rule 11UAC of the Income Tax Rules, 1962

September 13, 2021 By Damodhar C Off

The CBDT has notified Income-tax (28th Amendment) Rules, 2021 to amend Rule 11UAC of the existing Income-Tax Rules, 1962. The notification shall come into force from 1st April, 2022 and shall be applicable from A.Y. 2022-23 onwards. Vide this notification, the CBDT has inserted the…