Monday, 30 March 2015

MCA CIRCULAR NO. 5/ 2015 DATED 30.03.2015

One of the major issues in Companies Act 2013 viz Deposits received from Shareholders by Private Companies, for which lots of representations made by ICAI and others finally gets a part relief i.e. Deposits accepted till 31-3-2014 will be outside the ambit. Hope like this many more irritants in the Act for which Representations have been made will be addressed.

 

2 comments:

dharmuls said...
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dharmuls said...

Anyone, please let me know what is the impact to a private company with this?

Share sale by Passive Shareholder taxable as Long-Term Capital Gains and not Business Income irrespective of non-compete clause in the SPA

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