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Details about Company Board Meeting conducted through Video Conference

Details about Company Board Meeting conducted through Video Conference

In India, registered companies are expected to hold the initial meeting of Board of Directors within the duration of 30 days of registration of the company. On successful completion of the first board meeting, companies must carry out a bare minimum of 4 board meetings annually. Furthermore, there should not be more than 120 days disparity in between meeting. The prevalent …

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Functioning of GST in India

-Functioning of GST in India

Goods and Services Tax or GST was first introduced on 1st July 2017. GST is considered as one of the most praise worthy changes in the Indian taxation system. On 29th March 2017, the GST Act was passed in the Lok Sabha and it has been termed as a ‘Good and Simple Tax’. This indirect tax has replaced VAT, Service tax, Excise, Entry tax, Entertainment …

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Steps for revival of a company under Companies Act, 2013

Steps for revival of a company under Companies Act, 2013

Section 248 has declared several steps through which restoration of dissolved companies name is possible. When companies are dissolved, it is possible to re-establish it according to the laws laid on the Register of Companies by National Company Law Tribunal order. The application to restart a company can be applied by the member of the company, the creditor, or even …

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GST registration Process in India

GST registration Process in India

What is GST?

Goods and Services Tax or GST was first introduced on 1st July 2017. GST is considered as one of the most praiseworthy changes in the Indian taxation system. On 29th March 2017, the GST Act was passed in the Lok Sabha and it has been termed as a ‘Good and Simple Tax’. This indirect tax has replaced VAT, Service tax, Excise, Entry …

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Insolvency & Bankruptcy Code, 2016

Insolvency & Bankruptcy Code, 2016

The concepts of Insolvency and Bankruptcy

When an entity or organization is not capable to assemble its unsettled financial debt towards its lender, thereafter such a situation is referred as Insolvency. Insolvency can be settled by modifying the plan of repayment. In addition, a part of that loan can be written off as well. In case, such a problem is not resolved, a lawsuit may …

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