Ilma Siddiqua

A Guarantee is a declaration to provide some sort of collateral against any loan availed. A corporate Guarantee is a kind of guarantee where a corporation, business house, or enterprise undertakes a guarantee for another group or another company. The Guarantee provided at the time of availing the term loan, working capital, or credit line […]

The tax Audit Limit for AY 2023-24 serves as a crucial benchmark in the constantly changing field of fiscal legislation, dictating the extent and suitability of audits for both people and corporations. These criteria, which are subject to periodic modifications, represent the financial levels that, in accordance with the Income Tax Act, require an audit. […]

A lack of regulation and unclear definition initially characterised the emergence of securitisation in India. To our knowledge, the initial securitisation transaction in India was completed in the early 1990s. However, it is worth noting that until 2006, there was a lack of dedicated legislation governing securitisation transactions and the associated taxation. The primary objective […]

Food irradiation is an effective method that may be used to extend the shelf life of food by getting rid of diseases and insects. Products that are frozen or fresh might use this method without losing any of their nutritional worth. Food irradiation helps to enhance food preservation and facilitate international trade by addressing safety […]

GST, a landmark reform in India’s post-independence history, unifies the taxation of goods and services, replacing numerous central and state taxes. By creating a seamless chain of set-offs, GST eliminates cascading effects, benefiting producers and reducing costs. It operates on a value-added tax model, ensuring that taxes are levied only on the final consumer, simplifying […]

Corporate social responsibility (CSR) entails businesses regulating themselves to be socially accountable and positively impact society. Companies can embrace CSR through various means, such as promoting eco-friendly practices, fostering workplace diversity and inclusion, respecting employees, engaging in community philanthropy, and making ethical business decisions. CSR has transitioned from a voluntary choice by individual companies to […]

As a legal entity, a company relies on natural persons, notably its Board of Directors, to represent it and oversee daily operations. The Board of Directors, elected by shareholders, acts as their representatives and plays a pivotal role in shaping the company’s direction and strategy, managing its affairs, and ensuring that it operates in the […]

The implementation of Goods and Services Tax (GST) marks a shift from the existing taxation model, where the focus is on taxing the supply of goods or services rather than the traditional approach of taxing the manufacture or sale of goods or the provision of services. GST operates as a destination-based consumption tax, meaning that […]

In the ever-evolving finance and corporate governance landscape, the Social Stock Exchange (SSE) emerges as a potentially transformative force. This article embarks on a journey into the unexplored realm of Social Stock Exchanges, unravelling the conceptualisation, development, and paradigm shift they bring to the world of capital markets. To begin, the article seeks to define […]

Following India’s economic liberalisation reforms in the post-1991 era, significant changes occurred in the competition law regime. The Monopolies and Restrictive Trade Practices Act, 1969 (MRTP Act) was repealed, and the Raghavan Committee recommended a new competition law aligned with international standards. This led to the enactment of the Competition Act 2002, which aimed to […]

The Companies Act of 2013 is a significant milestone in the legal framework governing all Indian-incorporated companies. This legislation extends its influence far and wide, impacting businesses nationwide. The Act adopts an outward-looking perspective and intends to align India’s corporate regulations with international standards. It is poised to serve as a blueprint for a more […]

On August 29, 2013, Parliament passed the Companies Act, 2013, and the President of India signed it. The Companies Act, 2013, was published in the Official Gazette on August 30, 2013. Furthermore, a few provisions or sections were added to the legislation by a notification issued on September 12, 2013. Furthermore, this statute applies throughout […]

Shares that could be used to raise more funds for the business make up the company’s capital. While private companies choose an initial public offering, or IPO, to offer shares to the public, public corporations issue shares to the public so they are able to subscribe to their share capital. A company can issue its […]

The Companies Act of 2013 is a landmark case which had bought many significant changes in the way companies are run in the country. The main objective of this Act was to align all the practices with the global practices, keeping in mind the Indian stakeholders and the public at large. The laws relating to […]