Company Secretary Required Appointment Company Secretary Required Appointment,The obligation to appoint a company secretary differs based on the jurisdiction and the legal framework under which the company operates. Here are some common scenarios when a company secretary may be required to be appointed: 1.Legal Requirement: In many jurisdictions, the law mandates the appointment of… Read More »
LLP Reconstitution What is the Process of Reconstitution Deed in an LLP? Limited Liability Partnerships (LLPs) have become a popular choice for businesses, combining the benefits of partnerships and limited liability companies. Over time, LLPs may undergo changes that necessitate altering the original partnership agreement. This is where the reconstitution deed comes into play.… Read More »
PAN card for all PAN card for all,No, possessing a Permanent Account Number card is not obligatory for all Indian citizens. However, it is mandatory for specific financial transactions and activities. The following are some instances when it is mandatory to have a Permanent Account Number Filing Income Tax Returns (ITR): Anyone who has… Read More »
Secretarial compliance Secretarial compliance, refers to the adherence and fulfillment of legal and regulatory requirements related to corporate governance and company law by a company or organization. It involves ensuring that the company’s activities, operations, and decision-making processes comply with the applicable laws, regulations, and guidelines. Secretarial compliance typically covers a range of activities and… Read More »
Taxation Compliance Taxation compliance is for several reasons: Legal Obligation: Paying taxes and complying with tax laws is a legal requirement in most jurisdictions. Failure to meet tax obligations can result in penalties, fines, or even legal consequences. Complying with tax laws ensures individuals and businesses remain in good standing with tax authorities and… Read More »
Corporate Secretary Website Link Corporate Secretary:”Yes, a company secretary can sign board resolutions. In fact, the Corporate Secretary often plays a crucial role in preparing and signing board resolutions on behalf of the company. The board resolution is an official document that documents the decisions and activities undertaken by a company’s board of directors in… Read More »
Section 194Q of Income Tax Act Section 194Q of the Income Tax Act, introduced in the Union Budget 2021 and effective from 1st July 2021, is a provision that specifically applies to buyers making payments to resident sellers for the purchase of goods. To visit:https://www.incometax.gov.in According to this provision, if a buyer makes payments exceeding… Read More »
GST registration eligibility In India GST registration eligibility depends on businesses and individuals engaged in the supply of goods or services require to register for GST if their annual turnover exceeds Rs. 20 lakhs and Rs. 10 lakhs for businesses in some special category states). For more information to Visit https://www.gst.gov.in/ Some categories of businesses,… Read More »
Income Tax Act 1961 Section 195 of the Income Tax Act, 1961 is a crucial provision for the taxation of non-residents in India. It focuses on the tax implications of payments made to non-residents, ensuring that taxes are deduct at source (TDS) on specific types of income earn by non-residents from an Indian… Read More »
Memorandum of Association The Memorandum of Association (MoA) outlines the company’s objectives and the scope of its activities. It specifies the primary, incidental, ancillary, and other objects of the company. Additionally, it includes important details such as the company’s name, registered office address, and authorized share capital. On the other hand, the Articles… Read More »
