Independent directors have a crucial role to play for keeping good governance practices. Ministry of Corporate Affairs (“MCA”) along with Indian Institute of Corporate Affairs (IICA) has developed a databank of Independent Directors in accordance with the provisions of Section 150 of the Companies Act, 2013. APPLICABILITY: Individual already acting or aspiring to become Independent...Continue Reading

New Tax regime for Individuals and HUFs. The new optional tax regime has been provided to Individuals and HUFs by insertion of new section 115BAC in the Income Tax Act, which provides the following: – On satisfaction of certain conditions, an individual or an HUF has the option to pay tax in respect of its total income at the following rates: S...Continue Reading