Under PMLA, Rs. 936 crore related to crypto currency is attached/seized/freezed by ED as on 31.01.2023

Crypto Assets are borderless, require international collaboration to prevent regulatory arbitrageUnder PMLA, Rs. 936 crore related to crypto currency is attached/seized/freezed by ED as on 31.01.2023Posted Date:- Feb 06, 2023 Crypto Assets are by definition borderless and require international collaboration to prevent regulatory arbitrage. This was stated by the Union Minister of State for Finance,…

Government proposes quick settlement of contractual disputes to promote ease of doing business as announced in Union Budget 2023-24 (Press release 08 Feb 2023)

Government proposes quick settlement of contractual disputes to promote ease of doing business as announced in Union Budget 2023-24Circulates scheme for graded settlement terms for stakeholder consultationPosted Date:- Feb 08, 2023 The Ministry of Finance today circulated a draft scheme for consultation with stakeholders. The scheme is aimed at bringing quick finality to certain contractual…

Procedure for altering Articles of Association :  Legal provisions, Procedure, Draft resolution

What is Articles of Association? As per Section 2(5) of the Companies Act, 2013 “articles” means the articles of association of a company as originally framed or as altered from time to time or applied in pursuance of any previous company law or of this Act; By-laws or rules and regulations which govern the management of its internal affairs and the…

48th GST Council Meeting recommendation (17th Dec 2022)

GST Council recommends to decriminalise certain offences u/s 132, increase in threshold of amount of tax for prosecution and reduction in amount of compounding in GST. The 48th GST Council met under the Chairmanship of Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman via virtual mode in New Delhi today. The meeting was…

What is private Limited Company?

“Private Company” means a company having a minimum paid-up share capital as may be prescribed, and which by its articles:– (i) restricts the right to transfer its shares; (ii) except in case of One Person Company, limits the number of its members to two hundred: Provided that where two or more persons hold one or…

Guidelines for consideration of proposals for acceptance of foreign hospitality under the Foreign Contribution (Regulation) Act, 2010 (MHA dated 21 Nov 2022)

The Foreign Contribution (Regulation) Act, 2010 (FCRA, 2010) and the Foreign Contribution (Regulation) Rules, 2011 (FCRR, 2011) came into force with effect from 01.05.2011. The provisions under the Act/Rules relating to ‘foreign hospitality’ and guidelines to be followed for consideration of proposals for acceptance of the same was circulated vide O.M. No. 11/21022/58(97)/2011 -FCRA-1 dated…

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