Provisions relating to the disclosure of significant beneficial owners (“SBOs”) have been introduced into the Companies Act 2013 (“the Act”) to prevent the misuse of legal structures for tax evasion ...

A show cause notice was issued proposing to demand service tax of over Rs.8 crores under “works contract” service based on comparison between TDS data (26AS) and ST-3 returns filed by the appellant.

As per Section 173 (3) of the Companies Act, a board meeting must only be called by giving a notice of not less than 7 days to every director at his address registered with the company, handing them ...