A. K. Chopra & Co. Chartered Accountants

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There is a 100% tax exemption U/S 10 A of the Income tax Act, 1961 with respect to profits earned by 100% Export Oriented Unit up to 31-03-2009 registered with the software technology parks of India (STPI).

Corporate governance refers to a combination of laws, regulations, procedures, implicit rules and voluntary practices which enable companies to attract financial and human capital perform efficiently and maximize long term value for shareholders, while respecting the aspect of multiple stakeholders.

Corporate governance rests on four pillars viz., transparency, full disclosure, independent monitoring and being fair to all, especially to minority shareholders. The corporate governance system has taken center stage in India after the issue of SEBI guidelines and amendment of listing agreements of the various stock exchanges in response thereto and amendment to the Companies Act.