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Indian Laws - Highlights / Catch Notes

Home Highlights February 2016 Year 2016 This

Proposed Amendments in the Companies Act, 2013 - as per the ...


Proposed amendments to Companies Act, 2013 aim to streamline governance, increase penalties, and enhance transparency in India.

February 2, 2016

News     Indian Laws

Proposed Amendments in the Companies Act, 2013 - as per the report of the Companies Law Committee

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  1. The proposed amendment rationalizes the timelines for funds or institutions to file applications seeking approval u/s 80G, which provides for deduction of donations to...

  2. The proposed Income Tax Bill 2025 aims to replace the Income Tax Act 1961 with a modernized and streamlined tax framework comprising 536 sections across 23 chapters. Key...

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  12. Income Tax: The proposed amendment to sub-clause (iiihg) of clause (a) of sub-section (2) of Section 80G of the Income Tax Act seeks to provide deduction for donations...

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  14. Penalty u/s 271D - violation of provisions u/s 269SS - cash receipt claimed as advance against sales - recording of the satisfaction by the AO is sine qua non for...

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