According to the Oxford Dictionary, a moratorium is “a legal authorization given to debtors to postpone payment.” In contexts of the Insolvency and Bankruptcy Code, 2016 (‘IBC’), a moratorium is a timeframe during which no legal procedures for recovery, enforcement of security interests, sale or transfer of assets, or termination of essential contracts could be…

On December 24, 2020, the Ministry of Corporate Affairs published the Companies (Incorporation) Third Amendment Rules, 2020, which included Rule 9A ‘Extension of Reservation of Name in Certain Cases.’ This Rule extends the deadline for reserving a name affirmed by the Central Registration Centre (CRC). Table of Contents Rule 9 of Companies (Incorporation) Rules, 2014…

Form MGT 14 was presented in the Companies Act of 2013 with the objective of documenting specific goals with the Registrar of Companies. Such resolutions should be filed after the death of the equivalent at the meeting held by the Board/Shareholders/Creditors of the company. This article takes a gander at the resolutions to be filed…

Introduction GSTR-2B is another static month-wise auto-drafted statement for citizens (whether or not selected into the QRMP scheme) presented on GST portal. The statement was launched from the August 2020 tax period time onwards. Table of Contents What is GSTR-2B? What are the features of GSTR-2B? What are the benefits of GSTR-2B? Steps to view…

A private placement is an offer or invitation by a company to apply for or issue securities to a specific group of people (except by public offering).  In any fiscal year, private placements may, at the discretion of the Board of Directors, be made to only a small number of persons, excluding qualified institutional investors…

All major corporations entering the Indian market must abide by the government’s rules and regulations. This is true whether the companies are owned by Indian or foreign entities or citizens. The one and only real difference is that foreign-owned subsidiary companies must adhere to more rules and regulations than Indian-owned companies. Table of Contents Definition…

The Income-tax Act imposes numerous forms of interest for various types of delays/defaults. This article discusses the provisions of sections 234A, 234B, and 234C of the Internal Revenue Code that deal with interest charges. The failure to file a tax return on time Advance tax non-payment or underpayment Non-payment or underpayment of individual advance tax…

Meaning of Equity Shares A company limited by shares ‘equity shares’ mean share capital which is not preference share capital. This is the portion of the company’s money that is raised in exchange for a share of ownership in the company. Equity share capital is negatively defined by Section 43 of the Companies Act, 2013, being…

What is a charge? Section 2(16) of the Companies Act, 2013, defines the term ‘charge’as an interest or lien that is created on the property or assets of a company or it may be created on any of its undertakings or securities including a mortgage. In simple terms, it may be said that a charge…

A property title search is really important as a property’s value is estimated through its title. It should be free from any encumbrance; a defective titled property holds no value. Before investing your money in real estate always scrutinize that the title of the property is clear. A marketable title can be acquired when the…

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