Dear Professional Friends,
I am a CA with experience in the manufacturing industry and have the exposure of finance & accounts profile in the industry. Today the industry has to obtain and submit numerous certificates from CA/CS/CMA about their financial & business transactions to v..
A entered into a contract with B for the sale of a property. As per the contract, A was required to pay six instalments of 100000 to B on 1st of every month starting from January to June. These instalments were required to be paid on the first day of each month without any failure. The payments from..
Securities and Exchange Board of India vide circular dated November 26, 2018, introduced the new borrowing framework for the large entities in order to bring into the effect announcement made under the Union Budget for 2018-19.
The Union Budget for 2018-19 which inter alia include the foll..
The Section 185 of the Companies Act, 2013 is among the most important section of the Act. The section deals with the provisions for advancing loan and providing guarantee and security to Director, any person in whom director of the company is interested and power of the company to grant loan to, or..
Step 1: Online application portal for the entity master form (the RBI introduced an online portal called the Foreign Investment Reporting and Management System ("FIRMS"), under which every Indian entity3, with existing direct or indirect foreign investment, was req..
Cost of (Un) representation
Analyzing: PCIT vs. NRA Iron and Steel Works
First the verdict
A two judge Supreme Court (SC) bench, comprising of Justice Indu Malhotra and Justice U.U. Lalit held that merely providing the identity of investors and showing that the investments were made using pro..
Ubi jus ibi remedium means 'where there is a right there is a remedy' clearly justifies the essence of the intention of the legislature. In recent days, people use their right as a weapon to get their malafide intention accomplish. These days, every second person is surrounded by a greed of..
With effect from 21st February, 2019 - Government of India has brought banned on Unregulated Deposit Schemes. This article is glimpse of provisions of this Ordinance and focuses majorly on its implications on Individuals and Small Businesses.
What is Unregulated Deposit Schemes?
Applicability & Notification for Specified
SPECIFIED COMPANIES ARE REQUIRED TO FILE MSME FORM I IN RESPECT OF WHOSE
OUTSTANDING PAYMENTS TO MSMES SUPPLIERS EXCEED 45 DAYS
Order Named: Sp..