After receiving subscription capital, company members decided to appoint directors. These appointed directors automatically retired in first Annual General Meeting. In first AGM, number of directors fixed which can only be change in upward scenario through elections u/s 162 of…
Board Of Investment (BOI) It is a sole autonomous body who has the right to register the foreign company’s branch office in Pakistan. There are many steps involved in the registration process of branch office in Pakistan. Difference Between Branch…
Every foreign company has the motive to expand their business globally. For this purpose, once the company has decided to mark its presence outside the home country it requires special permission from the government officials of that particular country. Pakistan…
LLP (Limited Liability Partnership) can wind up through two ways either by court or volunteer. In section 29 of LLP Act 2017 mentioned that only two possible ways to quit partners from LLP. Section 31 of LLP describe the procedure…
In current income tax ordinance, 2001 witholding is the key factor to identify tax evaders and those indulge in tax evasions. Real Estate sector is still undocumented sector. There are billions of transactions occur every month whose records doesn’t exist…
As the word itself reflects that its the amount paid to the company against the subscribed shares either in form of cash or in bank deposit. This amount can be lesser then actual paid up capital amount because companies act…
Following person are only allowed to represent on behalf of taxpayer in any tax proceedings. (a) A relative of the taxpayer;(b) a current full-time employee of the taxpayer;(c) any officer of a scheduled bank with which the taxpayer maintains a…
Only the following persons are authorized to represent a taxpayer before the adjudicating authorityand Appellate Tribunal, namely:– (a) a person in the employment of the taxpayer working on a full- time basis and holding at least a bachelor’s degree in…
Who can present on tax payer behalf; here is the list of people who are eligible to represent tax payer in KPRA. Persons authorized to represent a tax The following persons maybe authorized by a taxpayer to represent him before…
There is list of people who are represent on behalf of tax payer in SRB Persons authorized to represent a taxpayer: A Tax Practitioner registered under Income tax rules, Sales tax rules, Customs Act, an advocate enrolled with Bar and…
