Articles by CA Sumat Singhal

RBI Moratorium Extension: Pros & Cons Explained

Posted by CA Sumat Singhal 27 January 2021 2673 Views

Should the RBI extend the loan moratorium? Explore the advantages and disadvantages of the RBI's moratorium extension for businesses and borrowers.

COVID-19 Legal Advice for Companies: Force Majeure

Posted by CA Sumat Singhal 26 September 2020 2723 Views

Understand the legal implications of COVID-19 for your company. Explore Force Majeure clauses and contract frustration under Indian law.

RBI COVID-19 Relief: Credit Flow & Liquidity Measures

Posted by CA Sumat Singhal 26 September 2020 1439 Views

Discover RBI's COVID-19 regulatory packages designed to boost credit flow and ease liquidity for businesses, especially SMEs. Learn about TLTROs, CRR, MSF, and loan moratoriums.

AT-1 Bonds Explained: Understanding the Yes Bank Crisis

Posted by CA Sumat Singhal 02 April 2020 4898 Views

Discover what AT-1 bonds are and how they played a role in the Yes Bank crisis. Learn about their risks and who they're suitable for.

All about internal financial control (IFC)

Posted by CA Sumat Singhal 26 May 2016 291498 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 72244 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 9208 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 8659 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 153871 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 16858 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