Business

The country’s largest lender State Bank of India is exploring ways to declare the company, Chairman and CEO of the company a Wilful defaulter and is presently making forensic audit of the documents What is  Forensic Audit? It is a known fact that every company has to get its books audited …

  While writing about Kingfisher Airlines TDS default, my co-panelist CA Prasad mentioned about Speical Leave Petition (SLP) filed by the company at Supreme Court. In this connect, I chose to write about SLP. Article 136 of the Constitution of India gives power to the Supreme Court of India to grant …

(Continued from yesterday’s article) KFA failed to deposit 50% of TDS dues as directed by High Court. So, the department initiated Criminal Proceedings against KFA and its CEO. Stage Two – Criminal Proceedings Summary of Facts – The department initiated criminal proceedings against the company and its CEO and the …

Kingfisher Airlines (KFA) was the dream Airlines, India had seen. It started operations in 2005 and shut down its operations in 2012. During this period, the company suffered a total Net Loss of over Rs.6000 Crores. The company has borrowed over Rs.8000 Crores from various banks, led by State Bank …

Everyone would have heard about Gratuity. It is a lump sum payment made by the employer to an employee in appreciation of the past services rendered by the employee. Payment of gratuity is governed by the Payment of Gratuity Act, 1972. This Act provides for a scheme for the payment of  …

Basic exemption limit is increased from Rs.2 Lakhs to Rs.2.50 Lakhs What it means to you? Your annual taxes will be lesser by Rs. 5,150 i.e, monthly take home salary will go up by Rs.400. In case of senior citizens, the basic limit is increased to Rs.3 Lakhs. Investment deductible …

He won’t forget this day in his life. This is the day he was jailed.Mr.Subrata Roy Sahara, 66, is the founder of the Sahara India Pariwar. He was born in Bihar and studied Diploma in Mechanical engineering. Sahara Finance: Mr. Roy joined Sahara Finance in 1978, ran it as a …

This is a hot topic in the business world. Some of the corporates are busy in discussing the pros and cons of CSR. Some of the corporates are suggesting changes in the CSR guidelines. Some of NGOs are finding this as a ‘great opportunity’ to mobilize funds. Needless to say, …

Want to know the meaning? It’s simple. Converting Green field (Agricultural Land) into a Project (Industrial Project). It is converting farmer’s land into business tycoon’s paradise. It is converting jungle into a concrete jungle.  This is the answer coming right from the heart. But, sorry, this is not the right …

Beware! There are people who may copy the logo or the name of your company. The long years of your efforts in building the brand and your market share should never go unaddressed. The law of the land has a solution to protect your interest.  You can register logo and …