CAclubindia Articles

Contributory negligence - Passengers travelling in horse cart

Posted by FCS Deepak Pratap Singh 14 February 2022 1026 Views

Passengers travelling in vehicle cannot be held responsible for contributory negligence of the driver of the vehicle and claim cannot be reduced on the same ground.

Some facts related to Pradhan Mantri Mudra Yojaja (PMMY)

Posted by FCS Deepak Pratap Singh 14 February 2022 2329 Views

The Government of India has launched the Micro Units Development and Refinance Agency Limited (MUDRA) Bank in April,2015 with principal objectives

Corporate Compliance Calendar for the m/o February, 2022

Posted by CS Lalit Rajput 13 February 2022 4445 Views

This article contains various Compliance requirements for the Month of February, 2022 under various Statutory Laws.

Role of cryptocurrencies and tax implications in Budget 2022

Posted by B Sathyanarayanan 12 February 2022 3744 Views

Cryptocurrency has not yet been given legal sanction in India though it has been mentioned that RBI would bring in digital currency - Central Bank Digital Currency (CBDC) using blockchain and other technologies from 2022-23.

Introduction of Digital Rupee - New Digital Currency

Posted by CS Lalit Rajput 12 February 2022 3512 Views

Finance Minister, SmtNirmala Sitharaman, has announced the introduction of Digital Rupee to be issued by the Reserve Bank of India starting 2022-23 while presenting the Union Budget 2022-23 in the Parliament. T

Decoding Implications of Crypto Tax in India

Posted by CA Jigar Shah 11 February 2022 6908 Views

The Indian union budget 2022 came with much joy and anxiety for the crypto industry in India. While it is unclear if the much awaited crypto regulations will be tabled in the parliament this month, there is plenty to decode from the tax related announcements.

Five

Posted by Ramanuj Mukherjee 11 February 2022 4212 Views

Here are five add-ons you can easily provide to your employer or client to add value

PMC bank's scheme of amalgamation: Was it not a travesty of justice?

Posted by Shivaprasad Laxman Chhatre 11 February 2022 1996 Views

In this write-up, I have used the terminology retail, institutional deposit as has been used in the Scheme of amalgamation of PMC Bank with Unity Small Finance Bank (USFB) as published in the gazette of India notwithstanding it is a ridiculous and misleading terminology not consistent with provisions of DICGC or any existing law.

Incorporation Of Indian Subsidiary

Posted by vidhi jhalani 11 February 2022 3716 Views

The company in which the holding company holds 100% share capital is termed as a wholly-owned subsidiary. As per Law, an Indian subsidiary company is an Indian company and treated as one and is required to meet all the compliances applicable to Indian companies.

Reduction of share capital is a domestic affair of a company - NCLAT

Posted by FCS Deepak Pratap Singh 11 February 2022 3901 Views

Reduction of Capital' under Section 66 of the Companies Act, 2013 is a 'Domestic Affair' of a Company in which, ordinarily, a Tribunal will not interfere because of the reason that it is a 'majority decision' which prevails.