Others – Neeraj Bhagat & Co.

October 13, 2020 / Others

Companies (Amendment) Act, 2020- Overview of provisions

The Companies (Amendment) Bill, 2020 Assented by President as Companies (Amendment) Act, 2020, provides the following, namely: —

♦ To incorporate a new Chapter XXIA in the Act related to Producer Companies.

♦ To decriminalize certain offences under the Act.

♦ To make provisions for allowing payment of adequate remuneration to non-executive directors in case of inadequacy of profits.

♦ To speed up timeline of right issue under section 62.

♦ To extend exemptions to certain classes of…

September 25, 2020 / Others

FCRA Squabble: Experts Bat For Rationalization Of Admin Expenses

Views of our Founder, Mr. Neeraj Bhagat on FCRA Amendment Bill published in Business World

However, Neeraj Bhagat, a Delhi-based reputed tax consultant and the head of his own Chartered Accountant firm has a different take. Bhagat said: “It will minimize the illicit and fraudulent usage of overseas funds. Moreover, inclusion of public servants in prohibited list under section 3 will significantly address the ills and reduce corruption in the economy,” said Bhagat.