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Corporate Policy Legal

All about the Doctrine of Indoor Management under Compa...

All about the Doctrine of Indoor Management under Companies Act 2013

The doctrine of indoor management, commonly referred as "TURQUAND'S RULE," is a 150-year-old notion that protects outsiders from the company's activities....

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Income Tax Taxation

Penalty for Tax Evasion

Penalty for Tax Evasion

In India, evading income taxes is a crime. Tax evasion is punishable by severe fines under Chapter XXII of the Income-tax Act of 1961, and in some circumst...

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Legal Agreements

Difference between Force Majeure and Doctrine of Frustr...

Difference between Force Majeure and Doctrine of Frustration

The COVID-19 pandemic has caused significant disruption to companies all across the globe, with several finding it hard, if not impossible, to meet their c...

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Compliances

Dormant (Inactive) Company: Meaning, Benefits, Complian...

Dormant (inactive) Company: Meaning, Benefits, Compliances etc.

Dormant Company was introduced under the Companies Act 2013, and it was not there earlier in the Companies Act of 1956. Section 455 of the Companies Act 20...

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Finance

Global Initiatives to Prevent Money Laundering

Global Initiatives to Prevent Money Laundering

Money laundering is the unlawful process of presenting "dirty" money as legitimate rather than ill-gotten and there is a die-hearted need to prevent money...

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Income Tax Taxation

Best Methods to Prevent Tax Evasion

Best Methods to Prevent Tax Evasion

Concerning the Income-tax Act of 1961, the words "tax avoidance" are often implemented. Remembering tax evasion is categorically prohibited and punishable...

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Finance Legal

Legal Provisions Concerning Money Laundering Cases

Legal Provisions concerning Money Laundering Cases

Money laundering is an offence where a person through an illegal activity earns money and spends it in a lawful manner. The PMLA 2002 involves provisions f...

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News

Delhi District Court entitles accused legal consultatio...

Delhi District Court entitles accused legal consultation of 20 minutes everyday while the custody of ED under PMLA

Accused under the PMLA are entitled to 20 minutes of legal consultation each day while in the custody of the ED, as stated by the Delhi Court. The Rouse Av...

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