After being approved by Parliament last month and receiving assent from President Pranab Mukherjee, the historic Companies Bill has been enacted. http://icsi.edu/WebModules/LinksOfWeeks/Companiesact_2013_Gazette.pdf
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Foreign students arriving in India are facing difficulties in complying with the Know Your Customer (KYC) norms while opening a bank account due to non-availability of any proof of local address therefore it has been decided to lay down a procedure for opening accounts of foreign students who are not able to provide an immediate […]
The new Companies Bill has received President’s assent, that will make it into a law replacing the nearly six-decade old regulations that govern corporates in the country. The Companies Bill 2013 received assent from the President Pranab Mukherjee on August 29 2013. The new Bill, providing for sweeping changes in the way companies operate and […]
The High Court held as under: 1) Proviso to sec. 56(2)(vi) provides that gift received on the occasion of the marriage of an individual would be exempt from tax. There is no ambiguity in such proviso; 2) The expression “individual” appearing in proviso (b) to section 56(2)(vi) of the Act, is preceded by the word […]
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