NCLAT: Can’t Dismiss Restoration App. if Filed in 30 Days from Date of Dismissal of Original App.  ||  Delhi HC: Communication between Parties through Whatsapp Constitute Valid Agreement  ||  Delhi HC Seeks Response from Govt. Over Penalties on Petrol Pumps Supplying Fuel to Old Vehicles  ||  Centre Notifies "Unified Waqf Management, Empowerment, Efficiency and Development Rules, 2025"  ||  Del. HC: Can’t Reject TM Owner’s Claim Merely because Defendant Could have Sought Removal of Mark  ||  Bombay HC: Cannot Treat Sole Director of OPC, Parallelly with Separate Legal Entity  ||  Delhi HC: Can Apply 'Family of Marks' Concept to Injunct Specific Marks  ||  HP HC: Can’t Set Aside Ex-Parte Decree for Mere Irregularity  ||  Cal. HC: Order by HC Bench Not Conferred With Determination by Roster is Void  ||  Calcutta HC: Purchase Order Including Arbitration Agreement to Prevail Over Tax Invoice Lacking it    

Draft Guiding Principles for determination of Place of Effective Management of a Company - (Ministry of Finance ) (23 Dec 2015)

Draft to determine company’s ‘Place of Effective Management’

Direct Taxation

The Ministry of Finance has released draft guidelines proposing principles to determine the ‘place of effective management’ of a company, for the purposes of Section 6(3) of the Income Tax Act, 1961. Place of effective management refers to the location where “key management and commercial decisions…necessary for the conduct of business as a whole” are made. Some guiding criteria include the place where the company’s board meets and makes decisions regularly and location of the head office; secondary factors such as the place where substantial activity of the company is carried out can also be used. The Draft Principles can be accessed here.

Tags : INCOME TAX   COMPANY   EFFECT MANAGEMENT   DRAFT   PRINCIPLES  

Share :        

Disclaimer | Copyright 2025 - All Rights Reserved