Articles by CA Sumat Singhal

Whether RBI should extend moratorium?

Posted by CA Sumat Singhal 31 July 2020 2670 Views

The Reserve Bank of India (RBI) keeping in the mind the intensification of COVID-19 disruptions has imparted priority to relaxing repayment pressures and improving access to working capital

AT-1 bonds & Yes Bank Crisis

Posted by CA Sumat Singhal 02 April 2020 4891 Views

We all are aware of the Yes Bank Crisis that shook the banking world. Let us go deep into technicalities and start learning with AT-1 Bonds.

COVID-19: The legal perspective for companies

Posted by CA Sumat Singhal 30 March 2020 2719 Views

COVID-19 from Legal's perspective

Analysis of RBIs regulatory packages for COVID-19

Posted by CA Sumat Singhal 30 March 2020 1437 Views

Through this write up efforts have been made to explain point wise much-awaited steps taken by RBI to smooth the flow of credit and ease out the liquidity problem currently faced by business specially SMEs.

All about internal financial control (IFC)

Posted by CA Sumat Singhal 26 May 2016 291484 Views

What is Internal Financial Control (IFC)? (Sec 134) As per Section 134 of the Companies Act 2013, the term �Internal Financial Controls� means the policies and procedures adop

Complete understanding of Section 62 and 42 of the Companies Act 2013

Posted by CA Sumat Singhal 28 April 2016 72221 Views

A COMPLETE AND CLEAR UNDERSTANDING OF SECTION 62 & 42 OF THE COMPANIES ACT 2013FURTHER ISSUE OF SHARE CAPITAL Section 62 of the Companies Act 20131) Where at any time, a company having a share capital proposes to increase its subscribed capital b

Computation of Base Rate based on Marginal Cost of Funds

Posted by CA Sumat Singhal 31 March 2016 9199 Views

The Reserve Bank vide its circular DBOD.No.Dir.BC88/13.03.0/2009-10 dated April 9, 2010 introduced the Base Rate system with effect from July 1, 2010, which replaced the Benchmark Prime Lending

Strategic debt restructuring - An introduction

Posted by CA Sumat Singhal 06 January 2016 8648 Views

1. PREAMBLE: The concept of Strategic Debt Restructuring ("SDR") has been introduced by the Reserve Bank of India (the "RBI") in the SDR Scheme (the "Scheme")

Analysis of Sec 185 of the companies act 2013: Every banker should know

Posted by CA Sumat Singhal 06 January 2016 153865 Views

Giving a corporate guarantee to banks/lenders by a company, other than the borrower, that the loan will be paid back, is a usual practice in the normal course of trade and commerce across the world. By and large, a larger company (often a known flagship

Plastic money strengths

Posted by CA Sumat Singhal 24 December 2014 16855 Views

PLASTIC MONEY STRENGTHS 1. Introduction: We are all well aware of the couplet defining the strengths of traditional money: Money has functions four, Medium, measure, Standard & Store. Society moved from barter system to common medium of exchan