Interpretations of statutes -CS Executive

The term interpretation means “To give meaning to”. Governmental power has been divided into three wings namely the legislature, the executive and the judiciary. Interpretation of statues to render justice is the  primary   function   of  the  judiciary.   It  is   the   duty  of   the   Court  to interpret the Act and give meaning to each word of the Statute. The  most   common   rule  of   interpretation  …

ESTABLISHMENT OF BRANCH/LIAISON/PROJECT OFFICE OR ANY PLACE OF BUSINESS IN INDIA BY FOREIGN ENTITIES

  Post liberalisation, India is growing as a big market for businesses across the globe. As the growth pace has increased, enthusiasm from foreign entities to have business operations in India also grown. India have a unique advantage of largest young human resource in the word with one of the fastest growing market. There are…

Income Tax Rates for Assessment Year 2020-21 / Financial Year 2019-20

  Tax rates are not same for all type of assesses under Income Tax Act 1961. It is different for different categories of taxpayers and for different source of income. Individuals/HUFs/AOP/BOI are taxed as per the different slab rates. However, companies are taxed at fixed rate, except for certain specified incomes. This article will provide…

Case laws -landmark judgements on Constitution of India

Judicial review is the power of the Supreme Court to examine the constitutionality of legislative enactments and executive orders of both the Central and State Governments. On examination, if they are found to be violative of the constitution, they can be declared as illegal, unconstitutional and invalid (null and void) by the Supreme Court. Consequently,…

Corporate Governance -present

Corporate Governance is a wholesome mix of measures that are necessary for creating a corporate culture of accountability and transparency. The term refers to a combination of transparency related practices, laws, rules, regulations, procedures and voluntary initiatives on the part of the companies to maximise the shareholders’ long term value and maintain accountability to different…