CS Updates (Company Secretary)
6.19K subscribers
4.25K photos
280 videos
11.9K files
5.47K links
Join one of the largest CA, CS & CMA Community

Discussion Group @csupdatesgroup

Other Platforms - t.me/csupdates/6060

For Promotions, Credit, Removal, Issues Contact @Commerceupdates
Download Telegram
Forwarded from DT MCQ
Q279
An employee is covered under Payment of Gratuity Act, 1972 For purpose of computing 15 days’ salary, the number of days in a month shall be taken as _____ days
Anonymous Poll
24%
(a) 30
69%
(b) 26
4%
(c) 31
3%
(d) Any of the above
Markets regulator Sebi  imposed a total penalty of over Rs 22 crore on Aurobindo Pharma, its promoter PV Ramprasad Reddy, his wife P Suneela Rani and other connected entities for violating insider trading norms.
Forwarded from DT MCQ
Limited liability partnerships (LLPs) may lose their sheen in the country as the tax differential vis-a-vis companies has widened following the government’s decision to slash corporation tax rates. 

The basic tax rate for companies has been reduced to 22 per cent from 30 per cent earlier, and that for new domestic manufacturing companies has been cut to 15 per cent. The effective tax rates for these entities, including surcharge and cess, is 25.17 per cent and 17.16 per cent, respectively. LLPs, on the other hand, are taxed at 30 per cent
RBI imposes restrictions on PMC Bank; withdrawal restricted to Rs 1,000 per account
IRCTC IPO may hit market on Sept 30, to fetch govt around Rs 600cr.
Demanding details of Bank Account of a person shall amount to Infringement of his Right to Privacy: Kerala HC
Accumulated credits on minimum alternate tax (MAT) cannot be adjusted against their tax liabilities by companies opting for the newly announced lower corporation tax regime, said a source in the Central Board of Direct Taxes. Officials added the board would soon issue a circular on such clarifications in the newly announced tax regime, including those on MAT credit.
A panel on direct tax legislation has recommended introducing a branch profit tax for foreign companies on the amount repatriated to their overseas partners. The task force suggested reducing the corporation tax rate for these companies to the level applicable to their domestic counterparts (25 per cent).

Branch profit tax will make up for the revenue gap, which the Centre may grapple with if it uniformly brings down the corporation tax rate for all companies,
Q305
Every company shall have at least ______________ director who has stayed in India for a total period of not less than 182 days in the previous calendar year.
Anonymous Poll
70%
(a) one
25%
(b) two
3%
(c) three
2%
(d) five
Q273
Annual return is to be filed by company to ROC in form ________ in _______ days of AGM
Anonymous Poll
13%
(a) MGT-9, 60 Days
18%
(b) MGT-9, 30 Days
43%
(c) MGT-7, 60 Days
25%
(d) MGT-7, 30 Days
Forwarded from DT MCQ
Impact of corporate tax rate cut on firms, economy
HDFC Bank beat the crowds to top the list of 75 most valued brands in India, keeping its position intact from the previous year. At second and third spots, too, the old order held its grip. Public sector insurer Life Insurance Corporation of India (LIC) and IT major Tata Consultancy Services (TCS) retained their second and third ranks in the list of most valued Indian brands