CAclubindia Articles

Whether a German Company can file application under Sec 9 of IBC 2016

FCS Deepak Pratap Singh 17 March 2022 at 08:58

The Respondent, a German Company (Operational Creditor) filed an application under Section 9 of the Insolvency & Bankruptcy Code,2016 against Indian Company, M/s. Excel Metal Processors Ltd., alleging that the " Corporate Debtor" has committed default in making payment to an extent of US$1,258,2019.42 inclusive of interest @15% p.a.

Cancellation of Registration under GST: An Overview

Neethi V. Kannanth 16 March 2022 at 13:54

Cancellation of Registration under GST would mean that the person would no longer be registered under GST and is not required to pay or collect GST or claim ITC or file returns.

GST provisions for Freelancers

CA Puja Sharma 16 March 2022 at 13:28

A freelancer refers to an individual who works independently from any organisation. The freelancers do not have any fixed income. He/She earns based on tasks or assignments undertaken by them. The duration of the assignment is generally a shorter period.

A Real Estate Developer's Budget in a Joint Venture Development

Mohammed Ibrahim 16 March 2022 at 09:06

It is an arrangement between the Landowner and the Builder/Developer, where the Landowner contributes his land and the Developer takes the full responsibility of development including obtaining planning permission from the local authority, dealing with RERA, and other Government Authorities where necessary, construction complete, arranging finance, and marketing and sales.

Whether several independent units can constitute "A residential house"

FCS Deepak Pratap Singh 16 March 2022 at 08:49

Any person will construct his house according to his need and on the basis of future requirements. The house build may consist of one unit or it may consist of several separate units.

Assignment of marine insurance policies

FCS Deepak Pratap Singh 16 March 2022 at 08:49

A contract of marine insurance may by its express terms or by usage of trade be extended so as to protect the insured against losses on inland waters or any land risk which may be incidental to any sea voyage.

e-SHRAM Portal: An Overview

CS Lalit Rajput 15 March 2022 at 09:04

Shri Bhupender Yadav, Hon'ble Minister (L&E), The Ministry of Labour & Employment, has launched the eSHRAM portal on 26th August 2021.

The Most Important Interview Tip - The only thing that matters

Member (Account Deleted) 15 March 2022 at 08:52

Interviews are scary but what if I told you that there is a way to turn everything in your favour.

Section 54 & 54F: Some of the finer points and judicial decisions

CS Advocate Abhishek Goyal 15 March 2022 at 08:52

As we are aware, section 54 of the Income Tax Act, 1961 provides exemption to the assessee from long term capital gains accruing to the assessee on account of transfer of a capital asset which is a residential house property subject to conditions prescribed therein.

Management Aspects in Insolvency and Bankruptcy Process

CS Peer mehboob 15 March 2022 at 08:52

As per section 17 of the Insolvency and Bankruptcy Code, from the date of appointment of the interim resolution professional, the interim resolution professional vested with the management of the corporate debtor.