The Bill to amend Companies Act, 2013 was passed in Rajya Sabha today. Interestingly, this is second Amendment Bill passed by the Parliament after notification of the Companies Act, 2013 i.e. within a span of

The Union Cabinet chaired by Prime Minister Narendra Modi has approved the Promulgation of the Companies (Second Amendment) Ordinance 2019 and for replacement of the said Ordinance in Parliament by a replacement Bill. It is

The Rajya Sabha Tuesday passed the Companies (Amendment ) Bill 2019, which seeks to amend the Companies Act 2013. The Bill was cleared by the Lok Sabha on July 26. It is based on the

In a significant move, the Lok Sabha today passed the Companies (Amendment) Bill 2016 which aims to amend the Companies Act, 2013 in relation to structuring, disclosure and compliance requirements for companies. The Bill was

Companies Act 2013 is one of the most sophisticated legislation ever produced by the Parliament. The law aimed at providing greater autonomy of operations to the companies. With the ever-increasing field of business, there was

The Union Cabinet, chaired by the Prime Minister, Shri Narendra Modi has approved the Companies (Second Amendment) Bill, 2019 to amend the Companies Act, 2013. The Bill would remove criminality under the Act in case

Amidst the ruckus, Lok Sabha on Wednesday has passed the Goods and Services Tax (Compensation to States) Amendment Bill 2017. Last week, the Union Finance Minister Arun Jaitley had introduced the bill in the lower House The

The Union Cabinet, chaired by the Prime Minister, Shri Narendra Modi has approved the Companies (Second Amendment) Bill, 2019 to amend the Companies Act, 2013. The Amendment Bill, inter alia, would enable the listing of

The Central Government, today notified the Companies (Amendment) Act, 2017 which provides some major changes to the Companies Act, 2013. The amendment aims at strengthening corporate governance standards, providing for strict action against defaulting companies

Budget advancement for efficient resource utilization; due care will be taken as it comes ahead of polls, says Finance Minister.  Addressing floor leaders of parties in the Rajya Sabha and Lok Sabha here today, ahead of

The Madras High Court while commenting on the  effect of 2019 Insolvency and Bankruptcy Code, 2016 (IBC) amendment said that Legislators never intended to beeline Tax authorities before the National Company Law Tribunal (NCLT) to

After passing the Karnataka Goods and Services Tax Amendment Bill, 2018, the Chief Minister, H D Kumaraswamy opined that the State will receive a comparatively low revenue from the GST Compensation Cess. According to him, the

The Income Tax Appellate Tribunal (ITAT) has held that the amendment to Section 40(a)(ia) of the Income Tax Act 1961 by Finance Act 2014 would not have the retrospective effect. The assessee Purulia Central Co-Op.

The Income Tax Appellate Tribunal (ITAT), Delhi Bench allowed the set off of depreciation and business loss. The assessee company, ACE Infracity Developers P. Ltd. is engaged in the business of real estate development as

Amendment to the Companies Act, 2013 (‘the Act’) seems to be a routine activity of the Government. The Act was amended by the Companies Amendment Act, 2015, 2017, 2019 and now, in 2020 (as proposed).