Corporate Actions – Taxation Contributed By: Shilpa Agarwal Email id: shilpa@simplybiz.in Corporate actions such as issue of shares, transfer of shares, buy-back, dividend etc is governed by the provisions of the Companies Act, 2013 but there is taxation implication on various corporate actions as per Income Tax Act, 1961. Taxation also applies to the shareholder […]

Bills Replacing IPC, CrPC & Indian Evidence Act Contributed By: S. Prabhakar Email id: sprabhakar@simplybiz.in Union home minister Amit Shah on 11th August 2023 introduced three Bills in the Lok Sabha to replace over 150 years old colonial-era Indian Penal Code (IPC), 1860; Criminal Procedure Code (CrPC), 1898; and the Indian Evidence Act, 1872s with the object of  completely overhauling […]

Provident Fund Act – an Employee-Friendly Welfare Legislation Contributed By: S. Prabhakar Email id: sprabhakar@simplybiz.in Employees Provident Fund (EFP) is one of the welfare schemes introduced by the Government for the benefit of the employees/workmen. Every company, big or small, need to take compliance with the provisions of EFF Act seriously to avoid stringent prosecution […]

Indian Capital Markets to move to T+0 Settlement soon. Contributed By: S. Prabhakar Email id: sprabhakar@simplybiz.in Close on the heels of moving from T+2 to T+1 settlement cycle in January 2023, Indian capital markets are tipped to move to T+0 settlement, which is an instantaneously same day settlement. The settlement cycle in stocks markets refers […]