Interest on deposits made out of borrowed fund before commencement of business constitutes income from other sources

INCOME TAX : Interest earned by assessee-company on short-term deposits made by it with bank out of loans borrowed for setting-up of commercial complex in pre-operative period before commencement of … Read More

Private Placement norms for issuance to QIBs made easier – “Umbrella” special resolution to be sufficient for a year

Private Placement of securities is one of the most frequently used means for raising funds by companies. Section 42 of the Companies Act, 2013 (“Act, 2013”) read with Companies (Prospectus … Read More