A man wanted to change his place of residence for some reason, so he sold his old house and bought another house with the sale proceeds. In this case, the purpose of the seller was not to make money by selling the old house but by getting another suitable house. Now, if the seller is…
Table of contents Shares: Statutory Definition Transferability of shares Share Capital Share Transfer with no consideration chargeable to Income Tax Facts of the Case Shares: Statutory Definition According to Section 2(84) a share may be defined as a share capital of a company and it includes stocks. All shares of the company must have a…
Each entity accountable for the business is relied upon to lead an audit on a day by day, week by week, month to month, half-yearly, or yearly basis. The Company should direct an audit to decide its monetary adequacy, just as to check the Annual Accounts, Risk Policy, Compliance, and different guidelines that apply to…
The Foreign Emergency Management Act of 1999 (FEMA) governs cross-border funds, foreign exchange transactions, and even trade between Indian residents and non-residents. FEMA is a short Act with 49 sections, and its operation is similar to that of any other corporate law. FEMA has a number of rules and standards that must be followed. If…
The Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI LODR’) apply to all registered companies that have designated securities listed on acknowledged stock exchanges. Regulation 5 of the SEBI LODR norms impose a general compliance obligation on the listed entity to ensure that key managerial personnel, directors, promoters, or…
As, of December 2019, the outbreak of the pandemic called COVID-19 has severely affected the lives of the people and the economy across the globe. Because of the same our Prime Minister, Mr.Narendra Modi announced to initiate PM Care Fund to provide special reliefs and support to citizens. Meanwhile, the PM Care Fund came to…
Whenever an investment is made in the financial market, the investor typically receives certain securities of the company in exchange for his money. Shareholders could subscribe to the corporation’s equity shares, preferential shares, or debentures. Equity is similar to owning a piece of a company. ‘Sweat Equity,’ in its broadest sense, is a contribution made…
Union Finance Minister Nirmala Sitharaman will unveil the Union Budget 2022-23 in Parliament on Tuesday .The Budget, which is Sitharaman’s fourth in a row, is being presented as India recovering from the third wave of Covid-19. It also comes at a time when hundreds of thousands of young people around the country are protesting against…