VALUATION OF THE PHYSICIAN SAMPLE WHEN PRODUCT IS MRP BASED AND MANUFACTURING IS CONTRACT AND JOB WORK BASIS. Law cannot be interpreted broadly. It has to interpret case to case basis. It is very much clear that if the product is being manufactured for ultimate consumer and covered under provision of Legal Metrology Act and […]
Analysis of MCA order on Applicability of Special Courts MCA has issued an order on 18.05.2016 clarifying the commencement of section 2(29), sections 435 to 438 and 440 of Companies Act, 2013. Extract of these Section is as follows:- Section 2(29) “court” means— (i) the High Court having jurisdiction in relation to the place at […]
Proposed amendment to Related Party Transaction under Companies Act, 2013 INTRODUCTION 1. With an objective of addressing and resolving the ‘shoe-pinching’ issues in Companies Act, 2013 (‘the Act’), the Government on 4th June, 2015, constituted 8 members’ Company Law Committee. The said Committee was headed by Secretary, Ministry of Corporate Affairs. On 1st February, 2016, […]
EXEMPTION TO CONSTRUCTION RELATED SERVICES PROVIDED TO GOVERNMENT Services provided to Government, Local Authority or Governmental Authority by way of Construction etc of Civil Structure / Residential Complex (w.e.f. 1.3.2016)(Entry No. 12A of Notification No. 25/2012-ST
Changes in Service Tax, Excise, Customs Duty vide Union Budget 2016: Open issues The Union Budget, 2016, proposing flurry of changes in Indirect Taxes, has been a talk of the town since the day of its presentation. On May 5, 2016, the Lok Sabha passed the Finance Bill, 2016 and later on May 11, 2016, […]