Corporate Law News

Now Company Secretaries can prefix the word CS

27 June 2007 at 03:40

The Council of the Institute (ICSI) in its 173rd meeting held on June 23-24,2007 has decided that a member of the Institute may prefix CS to his name inorder to distinguish himself from other professionals and to create brandimage of the CS professio

Posted in Corporate Law | 6993 Views

Significant changes in MCA 21 after July 1 2007

26 June 2007 at 00:24

Announcement on Significant changes scheduled to be implemented under MCA-21 with effect from July 1, 2007Sub: Significant changes scheduled to be implemented under MCA-21 with effect from July 1, 2007As you are aware that the Ministry of Corporate A

Posted in Corporate Law | 7458 Views

Common Causes for rejection of DIN applications

04 June 2007 at 23:45

MCA NotificationBefore you fill-in application for DINPlease remember following common causes of REJECTIONS * Mismatch in the Name and Father's Name in DIN form with the ID (Identity) proof enclosed. The Name of the applicant should exactly match

Posted in Corporate Law | 5844 Views

FBT cutoff: Esops get April Fool's Day surprise

24 April 2007 at 08:21

COMPANIES hoping to escape the fringe benefit tax (FBT) on employeestock option plans (Esop) by allotting shares to their employees aheadof the government notification are in for a rude shock. The tax will beapplicable from April 1, 2007, and, theref

Posted in Corporate Law | 4692 Views

Pay FBT in advance

13 March 2007 at 23:25

TAX payers will now have to pay FBT when they make payments for advancetax to the governments. Budget 2007-08 has aligned the due dates forpayment of FBT with advance corporate or income tax.Finance Minister P Chidambaram has proposed amendments in t

Posted in Corporate Law | 8196 Views

Esops too are fringe benefits, to be taxed

13 March 2007 at 23:19

Companies may not be as generous with Esops since it would result in a rise in their tax expenses. Employee stock option plans (Esops) will now be brought under the purview of the fringe benefit tax (FBT). Thus,companies will now have to pay tax at f

Posted in Corporate Law | 6414 Views

Ministry orders e-filing of excise, service tax

13 March 2007 at 23:04

After the launch of the e-filing process for income tax returns, it is now the turn of excise and service tax departments.Thefinance ministry has made it mandatory for all assessees paying exciseand service tax of Rs 50 lakh and above, to pay the tax

Posted in Corporate Law | 6516 Views

Exemption - Form & Contents of Accounts

11 March 2007 at 11:42

In certain situations, a company can seek exemption from therequirements of Sec. 211 of the Companies Act, 1956 relating to theForm & Content of Balance Sheet and Profit & Loss Account.Application to Central Government -Sec.211(4) provides th

Posted in Corporate Law | 7776 Views