Dividend represents a participation in the profit, based on the amount of share held by the shareholder. A Company works in a way through which an investor can flow their money to the industry and result into nation building. It is thus a matter of more than a private interest…

Our perception of values is dramatically subjective. Few years ago, a couple of Harvard Business School professors published an article titled Creating Shared Value (CSV). It was about maximising revenues, whilst also offering benefits that add to the local community. All profits are not equal, the profits which additionally does…

Articles of Association (AOA) are regulations for internal management of the company. They are the rules or bye-laws for the conduct of Board & Shareholders meetings, issue and transfer of Shares, Powers & duties of Directors, Managing Director etc. A company may prepare its own Articles or it can simply…

Have you issued or transfer any securities post 1st July 2020 or planning to do so? The rule of payment of stamp duty has now been amended by the Ministry of Revenue. The Central Government notified the Indian Stamp (Collection of Stamp Duty through Stock Exchanges, Clearing Corporations and Depositories)…

Over the last few years, there have been some major amendments notified by the Ministry of Corporate Affairs (MCA) in the provisions related to the private placement by which it reduces the timelines of filing of form PAS-3, utilisation of share money, no renunciation rights, etc. Here, we have highlighted…

The Ministry of Corporate Affairs (MCA), during the last couple of years or so, has been on a spree of cleaning up the corporate field. In doing so, many private limited companies, which had not filed their financial statements and annual returns regularly with Registrar of companies (ROC), were struck…

All of us are aware that many counties have entered into double taxation avoidance agreement (“tax treaties” or “DTAA”) with other countries to mitigate the problem of double taxation which reduces the tax liability of residents of one treaty country in other treaty country i.e. by avoiding double taxation of…

“No one can give what they don’t have”. In most of the cases, beneficial interest is created through a contract between the registered owner and the beneficial owner, which also governs the rights of nominee/registered holder relating to transfer of shares, right to receive dividend, right to vote, etc. However,…

Beneficial Ownership in shares is a well-accepted concept domestically as well as internationally, which means to have a beneficial interest in property, goods or securities/shares without being registered as an owner in the records. The law permits a shareholder to transfer the beneficial interest in a share to another person…

Section 135 of the 2013 Act prescribes a mandatory spending of two percent of average net profits of the company on CSR activities made during the three immediately preceding financial years for all companies that meet the specified financial thresholds. The company is required to undertake activities in areas or…