A company incorporated under the Companies Act, 2013 being an artificial person, is not entitled to sue a natural person or to sue another company incorporated under the Companies Act, 2013. Comment
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person
natural
against
artificial
Whether a Nominee Director can be prosecuted in case of dishonourment of cheques merely because he is a director, where cheques issued by the company before the resignation of nominee Director and dishonourment takes place after such resignation?
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nominee
against
prosecution
The National Company Law Tribunal (NCLT) has initiated insolvency proceedings against McDowell Holdings Ltd and appointed an interim resolution professional. The Bengaluru Bench of NCLT admitted the plea filed by Sun Star Hotels and Estate Pvt Ltd, a financial creditor of the erstwhile Vijay Mallya-promoted company, claiming default of Rs 16.80 crore. he insolvency tribunal has also appointed KR Raju as the interim resolution professional of the company in its order passed on April 8, 2022.
Can anyone do share the more details about the case.?
mcdowell
holdings
appoints
against
proceedings
initiates
insolvency
nclt
Dear Members,
I company Y Ltd holds one sixth of the total debentures issued by the company X Ltd, can Z Ltd provide loan to Y Ltd on debentures to be kept as security. IS debenture a security for a company in case company Y Ltd default payments, what are the key points to be looked into.
Kindly advise on the above transaction, Thanks in Advance
security
debentures
against
loan
I filed a belated return for the A.Y 2018 - 2019 with a business loss due to Unabsorbed depreciation. Can I carry forward the respective unabsorbed depreciation in the current A.Y 2019 - 2020?
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unabsorbed
depreciation
carry
profession
gains
business
profits
Society is under redevelopment in which assessee is a flat owner . Assessee is to receive larger flat (with additional area of say 500 sq feets) against old flat, out of 500 sq feets assessee is relinquishing rights on 200 Sq Feets to developer against a consideration. Taxability of such consideration ??
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society
members
implications
gains
capital
Father and son wish to buy residential property jointly. Father shall be claiming exemption u/s 54 ( he shall sell his owned residential property and invest in new one jointly with son). lets see by example: New property purchased on 25/12/2019 for 1.5 crs Fathers' estimated capital gain from sale of his old property 40lakhs. Father's residential property has to be sold within one year of the purchase of new property to claim under 54. If he is unable to sell the old property before 25/12/2020, what shall happen? Can he invest in the new property ( for claiming u/s 54 ) by buying 1/3rd share of the new property from his son? What shall be the stamp duty on the same?
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JDA was entered in F.Y. 2004-05 and flats acquired from JDA were sold in F.Y. 2014-15, while no tax has been till now, whether old provisions or new (as per Sec. 45(5A)) would be applicable now?
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Good Morning Members!
Please suggest how can workmen or employees prove their claims against the corporate debtor under IBC, 2016.
