SAC stands for Service Accounting Code and is applicable to all the services rendered within India. This system is used for classifying, measuring and determining the applicability of GST services in India. The Harmonized System Nomenclature (HSN) code is used for Indian goods and follows the World Customs Organization’s global classification system. Meanwhile, the SAC […]
The gender category of the applicant should either be male or female. For this very reason, transgender across the country could not enroll in schools, get a job, or apply for government-issued identity proof documents. To end this issue, the Government of India announced that going forward, transgenders can apply for Pan Card and perform tax-related transactions
https://www.cabkgoyal.com/wp-content/uploads/2025/04/Concept-of-Numbering-of-Shares-under-Companies-Act.mov When we think of a company’s shares, it’s easy to view them as simple units of ownership. But beneath this simplicity lies a critical mechanism that ensures clarity, traceability, and transparency—share numbering. As per Section 45 of the Companies Act, 2013, every share in a company with share capital must be identified by a
In the evolving Indian capital market, transparency and investor protection remain central to regulatory reforms. One such powerful provision is Section 25 of the Companies Act, 2013, which governs the “Deemed Prospectus”—a concept often misunderstood but vital for companies offering securities to the public. This blog simplifies the broad scope of Section 25, explains the
India’s rise as a global economic power is no longer a future forecast—it’s a present reality. With the country now ranking as the 5th largest economy and projected to be among the top 3 by 2050, it’s no surprise that India is attracting global interest. A major sign of this interest is the increasing number
The Companies Act, 2013, marked a significant shift in corporate governance in India by introducing electronic voting (e-voting) mechanisms. This initiative aimed to enhance transparency, increase shareholder participation, and streamline the decision-making processes within companies. By leveraging technology, e-voting facilitates a more inclusive and efficient approach to corporate voting, aligning with global best practices. Legal
General meetings are the heart of shareholder democracy in any company. They are essential for ensuring transparency, enabling decision-making, and upholding the rights of stakeholders. While the Chairperson may lead these meetings, the Company Secretary is the orchestrator behind the scenes — making sure the entire process is compliant, efficient, and smooth. The Company Secretary’s
In the sphere of corporate governance, general meetings are a vital forum through which shareholders exercise control and influence over the affairs of a company. Presiding over these meetings is a role of great significance — one that requires impartiality, order, and a sound understanding of both legal and procedural obligations. The Companies Act, 2013,
Terms and conditions of appointment of Members of Monetary Policy Committee (1) The Members of the Monetary Policy Committee appointed under clause (d) of sub-section (2) of section 45ZB shall hold office for a period of four years and shall not be eligible for re-appointment. (2) The terms and conditions of appointment of Members of
Eligibility and selection of Members appointed by Central Government (1) The Members of the Monetary Policy Committee referred to in clause (d) of sub-section (2) of section 45ZB shall be appointed by the Central Government from amongst persons of ability, integrity and standing, having knowledge and experience in the field of economics or banking or
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