COMPANY LAW
Distribution of Profits under the Companies Act, 2013
RJA 10 Nov, 2026
Distribution of Profits under the Companies Act, 2013 The distribution of profits is one of the most important aspects of corporate financial management. While earning profits is a primary objective of a company, the law regulates how and when such profits can be distributed among shareholders. Under the Companies Act, 2013, the ...
COMPANY LAW
Guide and Compliance Requirements of Dormant Company
RJA 10 Nov, 2026
Dormant Company under the Companies Act, 2013 – Detailed Guide and Compliance Requirements A Dormant Company is a company that is legally registered but is not carrying on any business operations or commercial activities. Instead of closing the company, the promoters may choose to retain its legal existence by obtaining dormant ...
COMPANY LAW
Directors in a Public Limited Company under Companies Act
RJA 10 Nov, 2026
Directors in a Public Limited Company under the Companies Act, 2013 The Companies Act, 2013 lays down a comprehensive framework governing the composition, appointment, qualifications, duties, resignation, removal, and compliance obligations of directors in a public company. These provisions are primarily contained in Sections 149 to 171 of the Act and aim to ensure ...
INCOME TAX
Diwali Gifts under I.T. Act, 2025: Employee Gift Exemption Up to 15k
RJA 10 Nov, 2026
Diwali Gifts under the Income-tax Act, 2025: Employee Gift Exemption Increased to INR 15,000 The Income Tax Act, 2025, and the Income Tax Rules, 2026, have introduced an important change in the taxation of employee gifts. Beginning with tax year 2026-27, the tax-free limit for gifts provided by employers has been significantly increased. ...
GST Registration
GST Registration Comparison: Rule 9 vs Rule 14A vs Rule 14B
RJA 06 Nov, 2026
GST registration mechanisms Comparison: Rule 9, Rule 14A & Rule 14B Normal GST Registration (Rule 9) This is the standard GST registration process applicable to most businesses. Following are Key Features of Normal GST Registration (Rule 9) Principal Place of Business (PPOB) is mandatory. Physical verification may be conducted based on risk parameters. ...
Goods and Services Tax
GSTN Introduces E-Invoicing for RCM Self-Invoices: RCMDOM & RCMIMP
RJA 01 Nov, 2026
GSTN Introduces E-Invoicing for RCM Self-Invoices: RCMDOM & RCMIMP In line with the recommendations made during the 57th GST Council Meeting, the Goods and Services Tax Network (GSTN) has announced a significant enhancement to the e-Invoicing framework. The e-Invoice system is being expanded to cover recipient-generated self-invoices issued under the ...
INCOME TAX
New Rule 281A & Form 173A for Key Changes for Foreign Investors
RJA 01 Nov, 2026
CBDT Proposes New Rule 281A & Form 173A for Exemption on Government Securities Income: Detailed Analysis The Central Board of Direct Taxes has issued draft Notification-no-137-2026 proposing the Income-tax (Seventh Amendment) Rules, 2026. The proposal seeks to introduce a new Rule 281A and Form No. 173A under the Income-tax Act, 2025 ...
INCOME TAX
Overview on Private Trusts, Trust Taxation & Family Governance
RJA 08 Oct, 2026
Private Trusts, Trust Taxation & Family Governance: A Comprehensive Guide for Business Families In India, many business families focus intensely on wealth creation but often overlook an equally important challenge: preserving wealth across generations. As family businesses expand and family trees become larger, issues relating to ownership, succession, governance, and ...
INCOME TAX
Overview of The Family Office – More Than Wealth Management
RJA 08 Oct, 2026
Overview of The Family Office – More Than Wealth Management The Family Office—More Than Wealth Management a Family Office is not merely an investment management platform. Instead, it is a comprehensive structure designed to manage a family's wealth, succession planning, governance, taxation, philanthropy, and long-term legacy. Key ...
INCOME TAX
Taxation of Family Office and Alternative Family Office Vehicles
RJA 08 Oct, 2026
Taxation of Family Office and Alternative Family Office Vehicles This is blog explain about on family office structures. It introduces different legal vehicles through which a wealthy family can manage investments, succession planning, governance, asset protection, and inter-generational wealth transfer. Main Objective : The family must choose the most suitable ...
INCOME TAX
Typical Trust Structure or Types of Trusts: An Overview
RJA 08 Oct, 2026
Typical Trust Structure or Types of Trusts: An Overview Trusts can be structured in different ways depending on the objectives of the settlor, the needs of the beneficiaries, and the level of control or flexibility desired. The following are some of the most commonly used types of trusts: 1. Discretionary ...
AUDIT
Highlights Importance of Mandatory Disclosures in Audits
RJA 08 Oct, 2026
Materiality Cannot Override Mandatory Disclosure Requirements: Auditor's Responsibilities Explained A common question during the preparation and audit of financial statements is whether a disclosure prescribed by law can be omitted simply because the amount involved is insignificant. The answer is generally no. While materiality is a key audit ...
Goods and Services Tax
Detailed Analysis of 57th GST Council Meeting (8 Oct 2026)
RJA 08 Oct, 2026
Detailed Analysis of the 57th GST Council Meeting (8 October 2026) The 57th GST Council Meeting is one of the most significant reform-oriented GST meetings since the introduction of GST. Unlike earlier meetings that focused heavily on GST rate changes, this meeting concentrated on ease of doing business, faster refunds, wider Input ...
COMPANY LAW
Overview of filling in an Auditor appointment & MCA clarification
RJA 07 Oct, 2026
Overview of Filing of Auditor Appointment (Form ADT-1) & Recent MCA Clarifications Form ADT-1 is a statutory form filed by a company with the Registrar of Companies (ROC) to intimate the appointment or re-appointment of its auditor under Section 139(1) of the Companies Act, 2013. It serves as a notice to the ...
NGO
Taxation of NPOs under I Tax Act, 2025: Guide for Trusts, Societies etc
RJA 04 Oct, 2026
Taxation of NPOs under the Income-tax Act, 2025: A Practical Guide for Trusts, Societies and Section 8 Companies A new rulebook for charities from Tax Year 2026-27 From Tax Year 2026-27, every charitable and religious trust, society and section 8 company in India is taxed under a new framework in the Income-tax Act, 2025. ...
Goods and Services Tax
GST Exemptions for Charitable Trusts – Quick Summary
RJA 04 Oct, 2026
GST Exemptions for Charitable Trusts – Quick Summary Being a charitable trust does not automatically make all income GST-exempt. Exemption depends on the specific nature of the activity. Sale of books, souvenirs, marathon participation fees, commercial renting, sponsorship arrangements, or other business-like activities may still attract GST. the following major ...
Goods and Services Tax
Landmark Ruling on GST Input Tax Credit u/s 16(2)(c)
RJA 03 Oct, 2026
Landmark Ruling on GST Input Tax Credit under Section 16(2)(c) Introduction One of the most persistent grievances of GST-registered businesses has been the denial or reversal of Input Tax Credit (ITC) on genuine purchases, only because the supplier failed to deposit the tax, filed nil or short returns, or had ...
GST Filling
GSTR Errors That Commonly Lead to Notices, Audits & Demand
RJA 03 Oct, 2026
GST Return Errors That Commonly Lead to Scrutiny Notices, Audits and Demands Small errors in Goods and Services tax returns rarely stay small. Figures that don't match across returns, or Input tax credit claimed without the right support, are now picked up quickly by the department's data analytics. ...
GST Filling
GSTN Makes emSigner v3.3 Mandatory for New DSC Tokens from 21 09.2026
RJA 02 Oct, 2026
GSTN Makes emSigner v3.3 Mandatory for New DSC Tokens from 21 September 2026 GSTN has released an advisory requiring users with newly issued DSC USB tokens (dongles) issued on or after 21 September 2026 to upgrade to emSigner version 3.3. The change is intended to ensure compatibility with new-generation DSC tokens. Key Points—GSTN ...
IBC
IBBI Further Extends Deadline for Filing PGIRP Forms
RJA 02 Oct, 2026
IBBI Further Extends Deadline for Filing PGIRP Forms The Insolvency and Bankruptcy Board of India (IBBI) has issued Circular No. IBBI/II/108/2026 dated 24 September 2026, granting a further extension for filing electronic Forms PGIRP-1 to PGIRP-6 relating to insolvency resolution processes of Personal Guarantors to Corporate Debtors. Key Highlights of IBBI ...
IBC
IBBI Introduces Fee for Delayed Filing of Liquidation Forms
RJA 02 Oct, 2026
IBBI Introduces Fee for Delayed Filing of Liquidation Forms The Insolvency and Bankruptcy Board of India (IBBI) has issued Circular No. IBBI/LIQ/107/2026 dated 24 September 2026, notifying the commencement of fees for delayed filing of forms under Regulation 47B of the IBBI (Liquidation Process) Regulations, 2016. The circular applies to all Registered ...
IBC
IBBI Fifth Amendment 2026: Liquidator Can Now Modify the List of Stakeholders
RJA 02 Oct, 2026
Overview of IBBI Fifth Amendment 2026: Liquidator Can Now Modify the List of Stakeholders A liquidator can now correct any entry in the List of Stakeholders when fresh information supports it, provided the Adjudicating Authority is told within 30 days. This is the core of the IBBI (Liquidation Process) (Fifth Amendment) ...
IBC
Cessation of Interim Moratorium for PG's to Corporate Debtors
RJA 02 Oct, 2026
Cessation of Interim Moratorium for Personal Guarantors to Corporate Debtors The Insolvency and Bankruptcy Code (Amendment) Act, 2026 introduced Section 96(4) and Section 124(4) with effect from 26 May 2026, clarifying that the interim moratorium shall not apply to personal guarantors of corporate debtors. Following are Key Judicial Clarifications Bombay High Court : Case: Tata ...
IBC
Due Diligence by Insolvency Professionals to Identify and Prevent Misuse of the IBC Framework
RJA 02 Oct, 2026
Due Diligence by Insolvency Professionals to Identify and Prevent Misuse of the IBC Framework The Insolvency and Bankruptcy Board of India (IBBI), based on information received from law enforcement and regulatory authorities, has highlighted concerns regarding the potential misuse of the Insolvency and Bankruptcy Code, 2016 (IBC). In certain cases, insolvency ...
