Articles by CA Sumat Singhal

Whether RBI should extend moratorium?

CA Sumat Singhal 31 July 2020 at 09:40

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

CA Sumat Singhal 02 April 2020 at 10:22

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

CA Sumat Singhal 30 March 2020 at 11:12

COVID-19 from Legal's perspective

Analysis of RBIs regulatory packages for COVID-19

CA Sumat Singhal 30 March 2020 at 11:12

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)

CA Sumat Singhal 26 May 2016 at 10:08

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

CA Sumat Singhal 28 April 2016 at 10:59

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

CA Sumat Singhal 31 March 2016 at 10:59

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

CA Sumat Singhal 06 January 2016 at 11:04

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

CA Sumat Singhal 06 January 2016 at 11:04

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

CA Sumat Singhal 24 December 2014 at 12:28

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