Overview on Trademark vs. Certification Mark Since these terms are frequently misinterpreted, we’ll explain this to you in details. This will allow you to distinguish better between a certification mark and a trademark. A certification mark is a kind of specific mark used to show that a product which should fulfil the requirements and specifications …
ROC may physical verification of Registered office Of company. Registered Office is the primary location for the authorities to make any kind of correspondence. In the past times, it has been found that there have been instances where following malpractices have taken place at time of incorporation of Companies: A fictious address has been provided …
What Happened when Goods Vehicle Stopped during Transit? In case company truck loaded with goods can be stopped and intercepted midway during transportation by a Officer? The GST officer can demand the driver to Disclose Company Goods in Transit e-way bill copy. It is enough to have the e-way bill No & show that it …
GSTN has enabled the functionality to validate IRN or search IRN from the document number. https://einvoice.gst.gov.in/einvoice/search-irn You may useful above link to verify the genuineness of E-invoice bcoz otherwise ITC can be rejected. Penal Consequences for the non-Issuance of IRN or E-Invoice. Every registered Taxpayer under GST whose overall turnover for the financial year or …
GST will be levy on the cancelled of confirmed train ticket. According to a CBIC circular released (GST circular no. 11/2022) : Cancellation of confirmed railway tickets will now incur GST on cancellation fees for the specific class of travel. Why is mean of GST on cancellation? As per the CBEC of Tax Research Unit …
Dormant Company Meaning of Dormant Company The word “Dormant” means inactive or inoperative. A dormant company is an excellent opportunity to start a company for a future project or hold an asset/intellectual property without having significant accounting transactions. On the other hand if a company has not filed its annual returns for two consecutive years …
Non-Performing Assets (NPAs) of Banks The Gross Non-performing assets (GNPAs) of banks are expected to Cross ₹10 lakh Crore by March 2022, an ASSOCHAM-CRISIL Joint Study. “NPAs are expected to rise to 8.5-9 percent by March 2022, driven by slippages in Retail, Micro, Small and Medium Enterprise (MSME) Accounts, besides some Restructured Assets,” Bank Loans are to be …
Law of UNCITRAL Cross Boarder Insolvency Cross Border Insolvency Meaning Insolvency of borrowers who have assets or creditors in different jurisdictions, or are subject to insolvency proceedings in multiple jurisdictions. Existing Provisions / Development Currently, only section 234 and 235 of the Code deal with cross border having limited scope. Separate Framework dealing with Cross …
What is meaning of Liquidation Estate under the IBC ? Liquidation Estate (Sec 36) The liquidator shall form an estate of the assets mentioned in section 36(3), which shall be called the liquidation estate in relation to the corporate debtor. Liquidator shall hold the liquidation estate as a fiduciary for the benefit of all the …
Initiation of Liquidation under the IBC Who can order for Liquidation? “Adjudicating Authority”, for the purposes of Insolvency and Bankruptcy Code, means National Company Law Tribunal constituted under section 408 of the Companies Act, 2013. When can be liquidation order can be pass by NCLT ? Initiation of Liquidation ( Section 33 on IBC) The …