- 10 Sep 2024 06:04 PM
- New
Procedure of Conversion of Loan into Equity shares
Source: https://taxguru.in/company-law/procedure-conversion-loan-equity-shares.html
Summary: Companies can convert loans into equity under certain conditions, as specified in their loan agreements. This conversion can improve the company’s balance sheet and debt-to-equity ratio, leading to a more favorable growth outlook. The process involves obtaining shareholder approval through a special resolution, filing necessary forms with the Registrar of Companies, updating the loan agreement, and conducting board meetings for allotment. While conversion can offer benefits, it also has potential drawbacks, such as dilution of existing equity, reluctance from creditors, and restrictions on share trading. Companies must carefully consider these factors before deciding to convert loans into equity.
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- 10 Sep 2024 05:52 PM
- New
India’s urban agglomerations are no longer held back by state boundaries
Sarjapura is a small town lying at the very edge of the expanding Bengaluru metropolitan sprawl. It is geographically closer to the town of Hosur than to the centre of Bengaluru. Reaching it by car from Bengaluru airport can sometimes take close to three agonizing hours. The drive from the proposed airport in Hosur is expected to be far more convenient.
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- 10 Sep 2024 05:30 PM
- New
Thank digital tools for small businesses going formal on their own
Despite all that has been said about the success of India’s digital transformation, questions are still being asked as to whether the digital public infrastructure (DPI) we are so proud of actually reaches those who really need it. And, if it does, whether the intended beneficiaries are actually using it.
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- 10 Sep 2024 05:47 PM
Bikaji Foods, Gopal Snacks, Prataap Snacks shares jump up to 10% after GST cut on namkeen
Bikaji Foods share price gained as much as 7.76%, while Gopal Snacks share price jumped 10% and Prataap Snacks shares surged 8.05%.
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- 10 Sep 2024 05:22 PM
Mint Quick Edit | Is a GST rate cut for insurance good news?
It’s good that the GST Council has reportedly reached a consensus on slashing this tax rate on life and health insurance premiums. But rate multiplicity and frequent tweaks go against reformist ideals.
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- 10 Sep 2024 05:24 PM
GST earnings of Ram Mandir in Ayodhya? ₹400 cr, says Champat Rai
GST earnings of Ram Mandir in Ayodhya? ₹400 cr, says VHP leader Champat Rai
During a visit to Indore, Champat Rai confirmed estimated GST revenues of nearly ₹400 crore from the construction of Ram Temple complex that will feature 18 temples and is designed to handle a significant influx of devotees.
- 10 Sep 2024 05:06 PM
GST Council reduces taxes on helicopter services for religious travel to 5 per cent, says Uttarakhand FM
The GST Council has reduced taxes on helicopter services for religious travel from 18% to 5%, according to Uttarakhand Finance Minister.
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- 10 Sep 2024 05:14 PM
Top news on Sept 9: HUL stocks at record high, iPhone 16 launch event and more
Top news on Sept 9: HUL stocks at record high, Bajaj Housing Finance IPO, iPhone 16 launch event and more
Top news on Sept 9: HUL stocks at record high to Bajaj Housing Finance IPO that was fully subscribed with 4 hours of opening on Day 1, Apple's flagship iPhone 16 series is all set to make its debut today at the company's 'It's Glowtime' event
- 09 Sep 2024 06:34 PM
GST Council today: Insurance premium tax, online gaming report — Expectations
GST Council meet today: From insurance premium taxation, rate rationalisation, to online gaming report — What to expect
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- 09 Sep 2024 06:23 PM
Top Events of the Day: Apple to unveil iPhone 16 at Glowtime event and more
Top Events of the Day: Prime Minister Narendra Modi will meet Abu Dhabi Crown Prince Sheikh Khaled bin Zayed Al Nahyan to discuss key bilateral relations. Meanwhile, Bajaj Housing Finance, India’s second-largest housing finance NBFC, opens its much-anticipated IPO for subscription. In the tech world, Apple is set to launch its highly awaited iPhone 16 series during the 'It’s Glowtime' event.
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