Commencement Notification CA2013 :: Notified Section 127 & 133

Commencement Notification Of Companies Act 2013 :: 98 Sections Notified Chapter VIII -Declaration and Payment of Dividend (123 - 127) Section 127- Punishment for failure to distribute dividends Where a dividend has been declared by a company but has not been paid or the warrant in respect thereof has not been posted within thirty days… Read More

Tags: Board of directorsCompanies ActCompanyDividendMotley FoolNew York Stock ExchangeNotification Of Companies Act 2013Shareholder

RBI Information on Estimated Outflow of Funds

Remittance of dividend and profit amount and interest payment on external borrowings to the residents outside India are computed as current account transactions under Balance of Payments (BoP) statistics periodically prepared by RBI. As per BoP Statistics, details of profit and dividend paid by FDI enterprises and interest paid by Indian corporate on account of external commercial… Read More

Tags: Balance of PaymentDividendExternal Commercial BorrowingFDIFiscal yearIndiaReserve Bank of India

Share application money is not loan or advance

Ratio Decidendi: Money paid in advance for Share application cannot be treated as loan or advance or Deemed Dividend as under Section 2(22)(e) of the IT Act. CLR Editorial Note: The assessee was a beneficial shareholder of two companies named Kingston Properties P Ltd. (KPPL), New Dimensions Consultants P Ltd (NDCPL) & R. S. Estate Developers P Ltd… Read More

Tags: Advance paymentAllotmentsCITCommonwealth Law ReportsDividendFull Case DocumentGardensITAT MumbaiMumbaiOrder of Australia

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