HUF is a separate legal entity from its members and is created primarily to save taxes on income. As per Hindu law, a HUF consists of all people from a common ancestor. Their wives and unmarried daughters are also a part of HUF. What is a HUF? HUF means Hindu Undivided Family. You can save taxes […]
A 2-Judge bench of the Supreme Court suggested a comprehensive statutory audit of the Maharashtra Slum Areas Act and emphasized that reviewing and assessing the implementation of a statute is an integral part of Rule of Law. Directive came in response to several systemic issues in implementation of the Act including problematic processes of land identification as
Kolkata Municipal Corporation (KMC) is responsible for issuing the death certificate in West Bengal. The death certificate intends to maintain a legal record of deceased people. In West Bengal, the death certificate will only be issued after death is registered with the corporation Who can Register Death? The family members or close relatives of an
Section 44AB of the Income tax Act, 1961, requires certain classes of taxpayers to get their accounts audited. It is mandatory for them to provide statement of particulars or specific information on various subjects as prescribed under Form 3CD. The audit aims to ascertain the compliance of various provisions of the Income-tax Law and the fulfilment
Institution of proceedings A person shall not be proceeded against for any offence under section 109 except with the previous sanction of the Chief Commissioner of Income-tax.
Resignation of Members The Chairperson or the Full-time or Part-time Member may, by notice in writing, under his hand addressed to the Central Government, resign his office: Provided that the Chairperson or the Full-time Member shall, unless he is permitted by the Central Government to relinquish his office sooner, continue to hold office until the expiry
Protection of action taken in good faith No suit or other legal proceedings shall lie against the arbitrator for anything which is in good faith done or intended to be done under this Act or the rules or regulations made thereunder.]
Confidentiality of information Notwithstanding anything contained in any other law for the time being in force, the arbitrator, the arbitral institution and the parties to the arbitration agreement shall maintain confidentiality of all arbitral proceedings except award where its disclosure is necessary for the purpose of implementation and enforcement of award.]
The MOA (Memorandum of Association) and AOA (Articles of Association) are the two foundational documents required for incorporating a company. The MOA is the constitution document of the company consisting of all its basic details and the AOA is a document which contains all the rules and regulations formulated by the company for its internal management.
CA Bhuvnesh Kumar Goyal
Chartered Accountants
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9971782649
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