Jan 21, 20212 min readCeiling Limit on Number of Directorships [Section 165]:1. A person shall not hold office at the same time as director including any alternate directorship in more than 20 companies 2. A person...
Jan 21, 20213 min readDisqualification of directors [Section 164]Section 164(1): A person shall not be capable of being appointed as a director of a company, if: (a) He is of unsound mind and stands so...
Apr 29, 20192 min readINCOME TAX AMENDMENTS (For May and November 2019 exams) 1. Amendments relating to Income chargeable under Salaries a. Standard Deduction [Section 16(ia)] – Standard deduction of Rs. 40,000 or...
Dec 31, 20181 min readUpdates for May 2019 Exams!1. Amendment in Gratuity Limit: Notification dated- 8th March 2019 For the Previous Year 2018-19 [AY 19-20] Ceiling Limit shall be 20...