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Section 2(68) of CGST defines 'job work' to mean any treatment or process undertaken by a person on goods belonging to another registered person, and the expression 'job worker' shall be construed accordingly. In terms of the definition, any treatment or process done on goods belonging to another pe

Corporate Social Responsibility is a through provoking idea to tap the wealth of Corporates for social well being. Section 135 of the Companies Act, 2013 deals with Corporate Social Responsibility (CSR). What are the provisions in Companies Act, 2013 governing the CSR? 1. Section 135 of the Compani

As there is no specific provision enabling the Limitation period for the proceedings under the Code, at the time of introduction of the Insolvency and Bankruptcy Code, 2016 , there was a confusion regarding the applicability of the Limitation Act, 1963 to the applications that are being filed under

There are some confusion among the corporates about the the usage of CSR funds for Covid related activities. The MCA had clarified the same vide General Circular No. 15 /2020 and details of which given below. Whether contribution made to ‘PM CARES Fund’ shall qualify as CSR expenditure? Contributi

IN THE SUPREME COURT OF INDIA CIVIL APPELLATE JURISDICTION CIVIL APPEAL NO. 5120 OF 2019 in the matter of Duncans Industries Ltd. .. Appellant Versus A. J. Agrochem .. Respondent/ Facts of the case. 1. The appellant is a Corporate Debtor. It is a company which owns and manages 14 tea gardens. Ou

With the introduction of Companies Act, 2013 the Government intends to streamline to corporate sector of the country. Numerous measures such as striking off the inactive companies, marking the directors of such companies disqualified, increasing the monetary penalty etc. Do you think that such chang

1. The Act is destined to to consolidate and amend the laws relating to reorganisation and insolvency resolution 2. The Act is covering the Insolvency and Bankruptcy of • Corporate persons • Partnership firms • Individuals 3. The Act is intended to complete the insolvency resolution in a time bo

In India we are having a very casual attitude about introduction of any new laws. We are accustomed to the lethargic attitude of the Governmental systems to effectively implement any laws however strong it may be. It will take years to discuss it before it become an Act, then another few years to ma

IN THE SUPREME COURT OF INDIA CIVIL ORIGINAL/APPELLATE JURISDICTION WRIT PETITION (CIVIL) NO. 43 OF 2019 Pioneer Urban Land and Infrastructure …Petitioners Limited & Anr. Versus Union of India & Ors. …Respondents The large number of writ petitions that have been filed before the Court challenging

Jaiprakash Associates Ltd & Anr… Appellant Versus IDBI Bank Ltd. & Anr. … Respondents ( CIVIL APPEAL NO. 6486 of 2019 Order passed by Supreme Court of India) In this particular matter, the Hon:Supreme Court, in order to do complete justice to the home buyers , h