Articles by FCS Deepak Pratap Singh

Some facts related to Stamp Duty on Insurance Policies

FCS Deepak Pratap Singh 29 April 2023 at 11:30

As you are aware that an Insurance Policy if a contract between an insurance company and the insured. An Insurance Policy/Contract in which insurer promises to indemnify the insured financially loss or damage due to insured risks/perils.

Void Insurance Policies And Refund Of Premium Paid

FCS Deepak Pratap Singh 27 April 2023 at 10:20

As you are aware that a Contract ,which has no legal validity is a void contract. Same in the case of an Insurance Policy, when an insurer discovers that the In..

Online proficiency self-assessement test for independent directors

FCS Deepak Pratap Singh 21 April 2023 at 11:33

X has applied to the Indian Institute of Corporate Affairs (IICA) for inclusion of his name in the data bank of independent directors. He is working as a director of X Ltd and Y Ltd, both are unlisted public companies having the paid-up share capital of Rs. 10 crores since last 7 years.

When an insurance policy starts to cover risk

FCS Deepak Pratap Singh 04 April 2023 at 14:08

As you are aware that Insurance is a contract between insured and insurance company, and it covers injuries /damages due to insured perils/risks. The time of commencement of risk cover is the utmost important in the insurance policy.

Q&A Series: Directorship in Companies

FCS Deepak Pratap Singh 14 March 2023 at 11:11

Ajay Oza was a director in several companies and was barred from being appointed or reappointed as a director for a term of five years under Section 164(2)(a) due to a failure by one of the firms to file annual returns and financial statements for the financial year 2015-17

Case Study on FEMA - RBI slapped Rs 125 Crore on Reliance Infrastructure

FCS Deepak Pratap Singh 28 February 2023 at 10:03

The Reserve Bank of India (RBI) has asked the Anil Dhirubhai Ambani Group firm, Reliance Infrastructure (earlier, Reliance Energy), to pay just under Rs 125 crore as compounding fees for parking its foreign loan proceeds worth $300 million with its mutual fund in India for 315 days, and then repatriating the money abroad to a joint venture company.

Procedure of succession of properties of hindu female intestate under Hindu Succession Act, 1956

FCS Deepak Pratap Singh 23 February 2023 at 11:04

As you are aware that the amendment in Hindu Succession Act, 1956 in year 2005 is a revolutionary amendment, which has changed the whole criteria of holding of properties in Hindu Families. First time the constitution acknowledged the equal rights of daughter on equal footings with the son. The amendment act has also taken care of widows of Hindu Families.

Case Study: Taxation of Charitable Institutions

FCS Deepak Pratap Singh 22 February 2023 at 09:57

A charitable trust derived its income from the business of providing mineral water to various companies situated in Software Technology Park in Hyderabad. A sum of Rs. 30 Lakhs has been derived as income from such business activity, which has been applied for the purpose of "General Public Utility".

Role of company secretary with disclosures and compliances

FCS Deepak Pratap Singh 16 February 2023 at 08:54

In this article we are going to explore the rights and duties of a Company Secretary on the basis of a decided case of Deccan Chrinicals Holdings Ltd. Vs. SEBI...

Enforceability of Foreign Awards in India

FCS Deepak Pratap Singh 15 February 2023 at 10:30

As you are aware that India is one of the few countries that still has exchange controls and does not have full capital account convertibility. The Foreign Exch..