To attain the objectives prescribed in the Memorandum of Association of the company, the company depends on Board of Directors (collectively) and directors (individually). Directors of a Company are its eyes, ears, brain, hands and other essential limbs. Independent Director The Cadbury Committee in 1992, which itself was set up following the corporate scandals involving BCCI, Poly Peck and Maxwell, provided respectability to the concept of independent directors, by focusing on independent directors as a part of the new practices for better governance....

The term ‘dividend’ has been defined under Section 2(35) of the Companies Act, 2013. The term “Dividend” includes any interim dividend. It is an inclusive and not an exhaustive definition. According to the generally accepted definition, “dividend” means the profit of a company, which is not retained in the business and is distributed among the shareholders in proportion to the amount paid-up on the shares held by them Final dividend Dividend is said to be a final dividend if it is declared at the annual general meeting of the company....

Definition of Mortgage A mortgage is the transfer of an interest in specific immoveable property for the purpose of securing the payment of money advanced or to be advanced by way of loan, an existing or future debt or the performance of an agreement which may give rise to pecuniary liability. Definition of Charge A charge is a security given for securing loans or debentures by way of a mortgage on the assets of the company....

If you like this article then please like us on Facebook so that you can get our updates in future ……….and subscribe to our mailing list ” freely “ Complete Details on Direct Entry Scheme to CA Course The ICAI allows the following candidates to enter directly to its Intermediate Course A. Commerce Graduates/Post-Graduates (with minimum 55% marks) or Other Graduates/Post-Graduates (with minimum 60% marks) andB. Intermediate level passed candidates of Institute of Company Secretaries of India and Institute of Cost Accountants of India...

In 2013, she reached the Australian Open where she defeated Andrea Hlaváčková in the first round. She has entered into the list of Top 100. She has also played at the Miami Open. She started her 2014 season at the Shenzhen Open but she lost this match to Klára Zakopalová in the third round. She played at the Pattaya Open. Donna has played various international matches such as Grand Slam, Australian Open, and US Open....

Numerous Antoine Fuqua enthusiasts have never dropped a single film, and this is the best performance. Denzel is a flexible actor and has a big show here as a post-army support expert living with a different cast. What is quite fit to random people who appear from difficulty is what this film concentrates on. Keep regularly watching again and again. The first evidence for the following Equalizer film originates from uncertainty from the last two movies....

She has millions of fan following across the country. Erica Fernandes gained popularity in the Industry for her role as Sonakshi Bose in Kuch Rang Pyar Ke Aise Bhi. Later she came to the limelight when she appeared in the serial ‘ Kasautii Zindagi Kay’ in the role of Perna. Apart from the Tv shows Erica Fernandes also appeared in some Bollywood movies and received so much appreciation for her performance....

Examples of various situations requiring deduction of TDS under GST Conditions for & amount of deduction: Tax deduction is required if all the following conditions are satisfied a. Total value of taxable supply > Rs.2.5 Lakh under a single contract. This value shall exclude taxes & cess leviable under GST. b. If the contract is made for both taxable supply and exempted supply, deduction will be made if the total value of taxable supply in the contract > Rs....

Q 1. Whether any person aggrieved by any order or decision passed against him has the right to appeal? Ans. Yes. Any person aggrieved by any order or decision passed under the GST Act(s) has the right to appeal under Section 107. It must be an order or decision passed by an “adjudicating authority”. However, some decisions or orders (as provided for in Section 121) are not appealable. Q 2....

Q 1. What is the purpose of returns? Ans. a) Mode for transfer of information to tax administration;b) Compliance verification program of tax administration;c) Finalization of the tax liabilities of the taxpayer within stipulated period of limitation; to declare tax liability for a given period;d) Providing necessary inputs for taking policy decision;e) Management of audit and anti-evasion programs of tax administration. Q 2. Who needs to file Return in GST regime?...

Felix Mallard is one of the rising stars in the Hollywood industry who gained so much appreciation for his performance in the Australian television soap opera Neighbours. One of his most popular American comic series is “Happy Together, in which he played the role of Cooper and earned so much fame across the world. Felix has acted in more than 10 series and short films in his career. Apart from acting, he is also a good guitarist and singer....

Financial app development Contactless payments, remote finance management, AI and blockchain technologies for innovations and secure services. Nowadays, the financial domain is a mushrooming field where new habit-forming services are being implemented and new opportunities are being tested. The right time to offer customers new experience while dealing with money. In order to catch ideas you can jump into a portfolio by a financial app development company and explore the actual solutions designed recently....

Types of Forex Brokers Forex brokers are generally classified as floor traders or market makers. The forex broker offers the trading platform and a trading system. The platform provides information on currency pairs that are traded, such as the current value and time. The information is displayed in real-time, meaning when something happens within the system – the platform shows you the information. This allows the trader to take decisions based on the information available, and not on rumors, market rumors, or other “spoof” information that may affect trading....

Muniz has been honored with plenty of accolades and awards for his work in the show. Frankie Muniz is active in the acting industry since 1997. From 2007 to 2009, he worked as a race car driver, where he achieved critical success. In 2005 he managed to win Toyota pro/celebrity race, which made him very successful. Now, coming to his acting career, he has also worked in numerous other movies, which includes Deuces Wild, Big Fat Liar, Agent Cody Banks, and many more....

It was a significant achievement for this actor to get this big award in his career. In 1992, he played the role of Bill Daggett in the movie Unforgiven, for which he got the Best Supporting Actor, and there are various awards he has won in his career as an actor. He has worked in movies such as The Conversation, French Connection II, A Bridge Too Far, and Superman. Hackman has made his name in the industry as an excellent actor and won people’s hearts through his performance....

He has won almost every award in the field of basketball. He has been a member of the all-star team many many times. He has been declared player of the year. He has been nominated Best improved player six different times. Last but not least he is not only a retired NBA player but he is currently part the owner of one NBA team. This team is the Atlanta Hawks....

GST A Boon or Bane For Manufacturing & Services Sector of India FMCG: Companies could generate substantial savings in logistics and distribution costs as the need for multiple sales depots will be eliminated. GST will be positive for household and personal care space as the effective tax rate reduces by 200-500 basis points. Warehouse rationalization and reduction of overall tax rates, is expected to generate savings which could cumulatively range between 200-300 bps....

GST Benefits in India Benefits of GST (a) Simpler tax regime with fewer exemptions.(b) Reductions in the multiplicity of taxes that are at present governing our indirect tax system leading to simplification and uniformity.(c) Reduction in compliance costs – No multiple record keeping for a variety of taxes – so lesser investment of resources and manpower in maintaining records.(d) Simplified and automated procedures for various processes such as registration, returns, refunds, tax payments, etc....

GST on Govt Departments, Local Bodies, with TDS, RCM Applicability Question 1: Are all services provided by the Government or local authority exempted from payment of tax ? Answer: No, all services provided by the Government or a local authority are not exempt from tax. As for instance, services, namely, (i) services by the Department of Posts by way of speed post, express parcel post, life insurance, and agency services provided to a person other than Government;(ii) services in relation to an aircraft or a vessel, inside or outside the precincts of an airport or a port;(iii) transport of goods or passengers; or(iv) any service, other than services covered under (i) to (iii) above, provided to business entities are not exempt and that these services are liable to tax....

The historic Goods and Services Tax (GST) regime would have already been rolled out, with effect from 1st July 2017. Our Prime Minister said recently on the GST preparedness that it is indeed a turning point in the country’s economy and unprecedented moment in the country’s history. The implementation of this biggest tax reform since independence in the spirit of One Nation, One Market, One Tax will benefit our national economy....