1. Compliances and Litigation Under the Companies Act
The Companies Act lays down rules for corporate governance, financial disclosures, and legal compliance. Companies must adhere to provisions regarding board meetings, annual filings, and auditing. Litigation arises in cases of non-compliance, fraud, or mismanagement.
2. Compliances and Litigation Under the Income Tax Act
Businesses and individuals must comply with tax return filing, tax deductions, and financial disclosures. Litigation often involves tax evasion, incorrect reporting, or disputes over tax assessments.
3. Compliances and Litigation Under the GST Act
Businesses must register for GST, file returns, and maintain proper records. Non-compliance leads to penalties, litigation over tax evasion, and disputes regarding input tax credits.
4. Compliances and Litigation Under the Customs Act
Importers and exporters must comply with customs duties, declarations, and trade regulations. Violations can lead to legal disputes, confiscation of goods, and financial penalties.
5. Compliances and Litigation Under the Limited Liability Partnership (LLP) Act
LLPs must file annual statements, maintain financial records, and adhere to partnership agreements. Litigation arises in cases of partner disputes, financial mismanagement, or regulatory non-compliance.