The Central Board of Direct Taxes has amended the Income Tax Rules, 1962 vide Notification No. 38/2015 dated April 10, 2015. The said Notification provides that the proposed companies which have not been incorporated/registered under the Companies Act, 2013, the application for allotment of a Permanent Account Number (PAN) and Tax deduction and collection Account … Continue reading No separate application is required for obtaining PAN/TAN of new company- File E-form INC-7 only

Background: Section 149 of the Companies Act read with the Appointment and Qualifications of Directors provides that the following companies are required to have at least one woman director on its board: Every listed company; Every other public company having paid up share capital of 100 crore rupees or more; or turnover of three hundred … Continue reading Fine structure for non-compliance with the requirement of Clause 49(II) (A) (1) of Listing Agreement (at least one woman director shall be on Board of every listed company)