The business would also not be allowed to claim any un-availed input tax credit for "goods lost" or "destroyed".
On Wednesday, Daiichi Sankyo's lawyers argued for a stay on stake sale by Fortis, which was opposed by counsels of the hospital chain and promoter entities.
Legal experts are not sure if threat of confiscation of property will be deterrent enough for fleeing offenders
While the scam highlights the need for an overhaul of the oversight mechanism of banks and of their internal controls, questions are being raised on why multiple audits failed to raise an alarm
While the concerned property may be confiscated, a person indulging in such a transaction is liable to pay a fine up to 25 per cent of fair market value of the property
Top firms get GST notices on credit claims on Friday; replies sought within hours.
India serves as the company's R&D hub as it morphs into a health tech major.
While looking at consumer behaviour in the post demonetisation period, the research found that rural consumers were equally enthusiastic about cashless payments.
Even though the powers of the board of directors stand suspended once a company's insolvency process begins, it does not absolve the directors from actions taken up to two years earlier.
The tax imposed on buyback of shares and employee stock options is different in case of listed and unlisted companies, says Sudipto Dey
'If you wish to expand your business in a competitive global environment, you have no option but to be ethical.'
Under the Companies Act, all the rights of at least 300,000 disqualified directors cease to have any validity.
Some experts says that the high net-worth requirement of Rs 50 crore for setting up an IU is a deterrent.
Since the inception of the code, the threat of insolvency has brought many debtors in line
Businesses that are engaged in both taxable and non-GST supply have re-structured themselves into separate entities to avoid elaborate compliance, says Sudipto Dey.
Any business that makes inter-state supply is outside the ambit of the scheme
'A 180-days period -- for insolvency resolution -- is aggressive, but by no means inadequate.'
Businesses need to get on board in 15 days, ahead of indirect tax roll-out
Sudipto Dey discusses the changing nature of jobs with Paul Dupuis, who recently took charge as India head of HR services major Randstad.
Sudipto Dey discusses the changing nature of jobs with Paul Dupuis, who recently took charge as India head of HR services major Randstad.
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