Increased presence of cross-border economic activities have led to increase in tax challenges around the world. India is no exception. Normally, India applies the ‘resident rule’ for tax purposes. Which simply means that if an individual or corporation is a resident or is incorporated in India, its income is taxable in India. Additionally, the ‘source…
INTRODUCTION: The doctrine of corporate veil is a borrowed English legal concept that separates the actions of the company from the actions of the persons associated with the company. It originates from the concepts of Separate Legal Entity and Limited Liability which protects the people associated with the company from being jointly liable for the…
In today’s article, we will discuss the topic related to the residential status of an assessee as defined in the income tax act 1961. The residential status will help determine the taxable income in India. The residential status of an assessee as defined in SECTION 6 OF INCOME TAX ACT, 1961. Residential status is very important in…
INTRODUCTION A Special Economic Zone (SEZ) is a geographical area with more liberal economic laws than the rest of the country. It’s a mechanism for building trade capacity, with the purpose of promoting rapid economic growth by attracting foreign investment and technology through tax and corporate benefits. Special Economic Zones (SEZs) attract investment and foreign…
INTRODUCTION This paper presents an analysis towards one of the most famous judgments in the corporate law: ‘Sahara India Real Estate Corporation Ltd. & Ors v. Securities and Exchange Board of India & anr’[1]. “The facts of the case are as follows: Sahara group issued Optionally Fully Convertible Debentures(OFCDs) to the public through their two…
The essence of equality develops the Constitution of India, as the principal point of the constitution-creators was to make a vote-based society in which equity in all structures, for example, social, financial, and political equity won, alongside the balance in status and open doors. Positive activity objects to advance cultural fairness through the extraordinary treatment…
In this article, today I will discuss the different types of trademarks as it is a very vast and significant topic. The article focuses on the basics and technicality of the topic. Many of us in day-to-day life buy goods according to the brands and marks printed on them, Like Puma, Adidas, etc. in shoes…
MRINAL MUKUL A multinational corporation (MNC) has offices and different resources in something like one country other than its nation of origin. A worldwide organization for the most part has workplaces or potentially industrial facilities in various nations and a brought together administrative center where they coordinate worldwide administration. A portion of these organizations, otherwise…
Concept of Copyright Societies:Collective administration of copyright by societies is a concept where management and protection of copyright in works are undertaken by a society of authors and other owners of such works. No authors and other owners of copyright in any work can keep track of all the uses others make of his work.…
Introduction: A company in law is a separate legal entity. Independent corporate existence is a company’s most prominent feature. As soon as a company is incorporated it becomes a separate legal personality which means it is independent from its members which was determined in the case of Salomon vs. Salomon & Co. Ltd.[1] Principle of distinct personality…
