WebSome of the important public corporations established by state governments are: (1) State Financial Corporations (2) State Road Transport Corporations ADVERTISEMENTS: (3) State Land Mortgage Banks (4) State Electricity Boards A public corporation is wholly owned by state, that is, its entire capital is provided by the government. WebFeb 19, 2024 · For non-compliance with a statutory audit, fines range from INR 25,000 (US$351) to INR 500,000 (US$7,029) for the company. For every officer in default, …
Employee Benefits in India: Statutory and Supplemental Benefits
WebOct 27, 2024 · The statutory privilege of corporate personality given to the companies must be used for legitimate purposes only. When the said privilege is used to hide wrongful or fraudulent conduct, the court shall remove the veil or pierce the veil of the corporation. This concept is called piercing of the corporate veil. WebDec 22, 2024 · For persons having business/professional income, the income tax return is required to be filed electronically on or before 31 October of the succeeding tax year. As per CBDT Circular No. 20/2024 dated 26 October 2024 the due date to furnish the income tax return for FY 2024-22 (AY 2024-23) has been extended to 7 November 2024. fashion nova gym leggings
Important Statutory Due dates for OPC Annual Filing for FY 2024-23
WebThe main characteristics of the statutory corporation are: 1. It is a Corporate Body. It is an artificial person created by law & is a legal entity. Such corporations are managed by the … WebA public corporation is that form of public enterprise which is created as an autonomous unit, by a special Act of the Parliament or the State Legislature. Since a public corporation is created by a Statute; it is also known as a statutory corporation. The Statute defines the objectives, powers and functions of the public corporation. Life ... WebJul 22, 2024 · Airport Authority of India AIR 1979 SC 1628 The Supreme Court concluded in this decision that if a body is a government agency or instrumentality, it can be an authority under Article 12 regardless of whether it is a statutory corporation, a government company, or a registered society. free wire wrapped pendant tutorial