Corporate Compliance Services

  Duties of an Assessee during Income Tax Search: To allow free and unhindered ingress and access into the premises to the Search team To hand over the keys to all receptacles in which books of accounts, documents, records and assets are kept to the Search team Not to remove or let anyone to remove any goods, articles, documents and records without notice or permission of the authorised officers of the Search team. If an assessee or any of his team members destroy any documents, records or assets they shall be punishable under Section 204 of IPC. Being legally bound by an oath to state the truth, the assessee shall answer all queries truthfully and to the best of his knowledge. If he makes any false statement, he shall be punishable under Section 181 of IPC. to identify every person, present in the premises during the Search and to explain their relationship to the person being searched. In case of any attempt ...

  What is ESOP Section 2(37) of Companies Act, 2013 defines “employees stock option” which means, ‘the option given to the directors, officers or employees of the company or of its holding or subsidiary company or companies, if any, which gives such directors, officers or employees, the benefit or right to purchase, or to subscribe for, the shares of the company at a future date at pre-determined price.’ How is ESOP beneficial for an Employee Employee Stock Option Plan  are offered by the companies to their employees as a benefit scheme. Employees get the reward for hard work in the form of equity rather than cash. They get option to buy the company’s shares at a lower price after a predetermined vesting period i.e., minimum 1 year. How is ESOP beneficial for Company ESOP attracts and retains talents it also improves employee’s morale and productivity. It reduces employee turnover, which provides a greater job security and better employee retention. It increases cash...