Within 30 days of return of the cheque a notice should be served to the drawer informing the drawer about dishounour of the cheque and should make demand of cheque amount...
Meeting Requirements of Companies as per Indian Companies Act, 1956
A company once formed should conduct different kinds of meetings as per the provisions of Indian Companies Act, 1956. There are three kinds of General meetings of Members of a company...
Directors meeting requirement as per Indian Companies Act, 1956
Those who are doing business in companies should be aware of the statutory requirement of holding meeting of directors of a company...
Borrowing power of a company and its limits as per Indian Companies Act, 1956
It is a common practice in many companies to give unsecured loan to the companies in the same group. To avoid any kind of questions about such transactions, it is necessary to keep in mind the statutory limits while executing such transactions...
Income Tax Appeal rejected by ITAT due to non appearance, then what? Remedies and Options
After filing Appeal with ITAT the assessee was waiting to receive notice of hearing, but no notice was received for few months. Later a rejection order received...
Personal Liability of Directors or Members - Indian Companies Act, 1956
Limited liability is one of the main attractions while forming a Private Limited or Public Limited Company. But the company law incorporates personal liability on the directors or members...
Hindu Undivided Family (H.U.F) or Joint Hindu Family form of Business
Joint Hindu Family form is a peculiar form of business firm exists in India. It is different from sole proprietorship and partnership firm in many ways...
Deemed Public Company - Section 43-A of Indian Companies Act, 1956
As per provisions of Indian Companies Act, 1956 there are certain circumstances under which a Private Company will be treated as Deemed Public Company...
Register your property at the actual sale price, else more liability will follow
The first question while finalizing a property deal for many buyers and sellers is "how much in white" and "how much Black". i.e. how much black money will be paid to execute the sale deed..
Precautions while purchasing Property
Property purchase is a once in a life time decision for many. It is not easy to contribute sufficient money in genuine way to purchase a property...
Rights of Promoters of a Company - Indian Companies Act, 1956
The promoters have certain rights which include Right to receive preliminary Expenses, Right to recover proportionate amount from the Co-promoters, Right to Remuneration etc...
Liabilities of Promoters of a Company - Indian Companies Act, 1956
A Promoter of a company is subject to certain liabilities under the Indian Companies Act, 1956..
Your income tax planning for financial year 2012-13 as per eligible deductions
Deductions under chapter VI from gross income and others as per Income Tax Act, 1961..
Corruption in Purchase and Admin Department, Facts
Employer's attitude towards purchase managers, admin people and those who deal for procuring materials for the organization may have surprised you...
In August last week we were busy in filing Tax Returns. One person approached me to file some income tax returns. He was accompanied by a young man...
Low investment home based business for women
There are number of options for ladies and house wives to run their home based low cost business or profession. Some of them are..
MBA through distance education is it worth Or it is wastage of time and money
Few days back we were busy in finding solution for one of our clients. Suddenly one of our employees jumped from the seat and loudly said "Sir, my result came"...
Precautions while purchasing assembled computers assembled computer purchase guide
Purchase decision of assembled computers is complex decision. People who chose to purchase higher configuration computer in lowest cost are normally doing it...
Why demand for MBA s is diminishing and your business school showing downward growth
Demand for MBA's is changing every year. Sometimes it is in the peak and sometimes it is at lowest level. Many business school owners are of the belief that the demand for MBA's reduced...
Why people are crazy about discount and free offers? Is it worth to chose discount and free offer?
We all know that nothing in the world can be produced without a cost. But people are very interested in purchasing products at discount and are crazy about free offers...
Continuing studies with a job, a good idea? Is it easy?
It is necessary to continue education even if you are in a well settled job. Yes, It is the best way to gain knowledge and share experiences with people of different professions...
There are thousands of NGOs, Charitable Trusts and Charitable Societies working in India...
Dishonour of Cheque - Offences by Companies - Section 141 of Negotiable Instruments Act 1881
Issue of Sweat Equity Shares - Section 79-A of Indian Companies Act, 1956
Software Piracy and Law regarding software piracy - The Copyright Act 1957
Filing of Annual Returns with Registrar of Companies - Indian Companies Act, 1956
Section 498A of Indian Penal Code - use and mis use by women and relatives
Banking Regulation Act - Applicability to certain co-operative Banks
Cheque Returned without payment?, Cases in which banker is Justified in Refusing Payment
Stop payment of Cheque by drawer and applicability of Section 138 of Negotiable Instruments Act 1881