"An advocate must carry both the constitution in his pocket and compassion in his heart."
Shares Transfer or Transmission in a private limited company are bound by few rules and regulations. Here we are discussing few steps and process how transfer and transmission of shares happen in a private limited company among its shareholders. The shares or debentures or other interest of any member in a company is a movable […]
Independent directors, per India regulations, play a pivotal role in balancing corporate interests and enhancing governance in companies. As per the Companies Act 2013, they offer expertise without being involved in daily operations. Their role spans guidance, risk management, stakeholder protection, and ethical oversight. Qualifications are stringent, ensuring independence. There are limits on directorships, and […]
A legal notice is a written communication that the affected party sends to the opposing party, informing them of the legal action they plan to take against them. This is done when the affected party has suffered a civil grievance and is seeking compensation or legal remedy. The legal notice is a formal and […]
Introduction: Income from House Property – Income Tax Act, 1961 The Indian Income Tax Act, 1961 classifies income under five heads, one of which is “Income from House Property”, governed primarily by Sections 22 to 27. This head is unique because it taxes not the actual activity of earning income, but the ownership of a […]
AFFIDAVIT FOR EXTENDING TIME TO FILE THE INCOME TAX RETURN BEFORE THE INCOME TAX OFFICER, ________________ – In the matter of ABC & Co. (Pvt.) Ltd. ______________. Affidavit of Mr. K aged about ___ years S/o Mr. L R/o _________________________. I, the above named deponent solemnly affirm and state as under : 1. That the […]