When Distributions are to be made during Liquidation, the same can be taxable in the form of Deemed Dividend in the hands of Contributory or as Capital Gains. Deemed Dividend Section 22 (2) (c) states that dividend includes: “Any distribution made to the shareholders....
When Distributions are to be made during Liquidation, the same can be taxable in the form of Capital Gains or Deemed Dividend in the hands of Contributory. What are Capital Gains? Section 45 of Income Tax Act, 1961 (“the Act”) provides that any profits or gains....
Winding Up The liquidation or winding up of a company is the process whereby its life is ended and its property is administered for the benefit of its creditors and members. An Administrator, called a liquidator, is appointed and he/she takes control of the company,....
With an innovative idea, efficient team, stable business model, sufficient funding and the right timing, you have got yourself a Start- Up! Change is the only constant and Start-Ups are the way to bring this change: Meru Cab to Ola, Orkut to Facebook, Messengers to WhatsApp,....
Our perception of values is dramatically subjective. Few years ago, a couple of Harvard Business School professors published an article titled Creating Shared Value (CSV). It was about maximising revenues, whilst also offering benefits that add to the local community. All....
Articles of Association (AOA) are regulations for internal management of the company. They are the rules or bye-laws for the conduct of Board & Shareholders meetings, issue and transfer of Shares, Powers & duties of Directors, Managing Director etc. A company may prepare its own....
Have you issued or transfer any securities post 1st July 2020 or planning to do so? The rule of payment of stamp duty has now been amended by the Ministry of Revenue. The Central Government notified the Indian Stamp (Collection of Stamp Duty through Stock Exchanges,....
Over the last few years, there have been some major amendments notified by the Ministry of Corporate Affairs (MCA) in the provisions related to the private placement by which it reduces the timelines of filing of form PAS-3, utilisation of share money, no renunciation rights,....
External Commercial Borrowings are commercial loans raised by eligible resident entities from recognised non-resident entities. The RBI regulates ECB by specifying parameters, such as eligible borrowers and lenders, permitted end use, minimum average maturity period, maximum....
The objectives of the IBC Code, is ‘reorganisation and insolvency resolution’ which implies ‘revival and not liquidation’. When a company falls into insolvency, the first step is to try and resolve and not liquidate. The Code particularly deals with ‘Corporate....
