GST, recent changes in GST, input tax credit, e-way bill generation, new invoice series

Recent Changes in GST and its Impact

Jul 4th, 2019 Corporate Law Prerana 15 min read

Introduction to GST: Goods and Service Tax (GST) is the biggest indirect tax reforms since independence. Before implementation of GST, all states had their own VAT laws for local sales. Excise was applicable on manufacturing of goods, and service tax was applicable on services, both of which were collected by the Central Government. After implementation of GST, professionals and traders faced a lot of problems…

#minor #shareholder #guardian #companylaw #companiesact #companiesact2013 #companiesact1956

Can A Minor be Shareholder in A Company?

Jul 13th, 2017 Corporate Law Prerana 8 min read

Minor as Shareholder in a Company: A minor being incompetent to contract as per Indian Contracts Act, 1872 cannot become a shareholder of the Company. However, a minor acting through his/her legal guardian may become a shareholder. Under Companies Act 2013, a minor cannot become shareholder of a company unless shares are either: (a) gifted, (b) transferred or transmitted to them by an adult In…

mobile wallet, mobile wallets, digitisation, demonetisation, e-cash, digital india, mobile banking, e-banking, e-cash

Mobile Wallets in India: Who Governs Them by the way?

Dec 20th, 2016 Corporate Law, Miscellaneous Prerana 8 min read

Mobile Wallets growing popularity post demonetisation: This post has been written by Sanjana Buch, a lawyer based out of Mumbai India has been a beneficiary to several revolutions ever since the twentieth century leading to the emergence of its economy from an underdeveloped one to a developing status. The country has in the last 5 years seen a paradigm shift in its economy being exposed to…

crowdfunding, SEBI, securities, subscriptions, money, start up

Is Crowdfunding Banned in India?

Nov 29th, 2016 Corporate Law Prerana 6 min read

SEBI’S CAUTIONARY MESSAGE ON CROWDFUNDING PLATFORMS-IS THE ACTIVITY BANNED IN INDIA? This Article has been written by Sanjana Buch, a Corporate Lawyer from Mumbai.  The Securities and Exchange Board of India (“SEBI”) has again brought into scrutiny in the activities of various companies involved in fundraising through the adoption of unconventional modes. One such mode of issue is through the medium of crowdfunding or raising…

Bankruptcy, money, law, india, bankruptcy bill

New Bankruptcy Law in India: What you need to know!

May 12th, 2016 Corporate Law Prerana 6 min read

National Bankruptcy Law: India finally passed the much-awaited national bankruptcy law in order to allow banks to recover their debts in a timely manner from insolvent companies. “Some debts are fun when you are acquiring them, but none are fun when you set about retiring them.” -Ogden Nash Law Present until now for Insolvent Companies: Until now, Sick Industrial Companies (Special Provisions) Act, 1985 (SICA) was…

Panama, Panama Papers' Leak, Scandal, Corruption, Black Money, Bollywood, Hollywood

Understanding Panama Papers’ Leak and Its Astounding Revelations!

Apr 4th, 2016 Corporate Law Prerana 5 min read

Panama Papers’ Leak: Panama Papers’ leak is a work done by a special team over a period of eight months starting from July. The project was called The Prometheus, a new ICIJ (International Consortium of Investigative Journalists) project on offshore companies considered as one of the most ambitious collaborative journalism. They had to work on the leads by going through 2600 GB of data, which…

(VIDEO) Debentures and Fixed Deposits

Feb 8th, 2016 Corporate Law Prerana 2 min read

Debentures and Fixed Deposits! The difference between the two. Watch video: Debentures and Fixed Deposits from Prerana Saraf on Vimeo. There is always a confusion on whether one must invest in non convertible debentures or fixed deposits. The video above explains the concepts and how they are different. Investors are always looking out for opportunities that can give them attractive returns with less risk. Keeping this…

national herald case, national herald, sonia gandhi, rahul gandhi, narendra modi, corruption

National Herald Case- Law takes on Gandhis, Gandhis take on Narendra Modi

Dec 23rd, 2015 Corporate Law, Criminal Law, Property Law Prerana 10 min read

National Herald Case The riveting National Herald Case that gave Congress another reason to stall the functioning of the Parliament yet again has drawn everyone’s attention, and why not? What with Congress members bawling slogans like “Down with dictatorship… Vendetta politics wont work.’ Sonia Gandhi stating that ‘I am the daughter-in-law of Indira Gandhi, I am not scared of anyone.’ The statement is ironic in…

black money, imposition of tax bill, 2015, modi, corruption

The Tribulation of Black Money!

Oct 28th, 2015 Constitutional Law, Corporate Law, Criminal Law Prerana 6 min read

‘Political will is missing to curb the black money issue’ – Porus Kaka, Senior Advocate, President, International Fiscal Association Introduction: Money that is unaccounted and has not suffered tax is known as black money. It is classified into two: (i) domestic and; (ii) foreign. Black Money is a parallel economy that represents a segment that is not legal. There are various sources through which black…

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