Articles by Affluence Advisory

Procedure for Reclassification of Promoters

Affluence Advisory 21 April 2025 at 08:25

Reclassification of promoters refers to the process in which the individuals or entities holding substantial shares in a Company or control over the Company, classified as "Promoters", are re-designated as "Public Shareholders".

High Court Ruling on NBFC's Net Owned Fund Requirement: A Precedent for Regulatory Clarity

Affluence Advisory 16 April 2025 at 08:29

The recent High Court ruling on the Net Owned Fund (NOF) requirement for Non-Banking Financial Companies (NBFCs) has provided much-needed clarity on the regulat..

Related Party Transactions - SEBI LODR, 2015

Affluence Advisory 12 April 2025 at 08:32

This article outlines the key provisions governing related party transactions as per SEBI LODR, 2015 focusing on the regulatory framework, approval processes and disclosure requirements.

Reviving Active Companies That Have Been "Struck Off"

Affluence Advisory 09 April 2025 at 08:27

This section provides mechanisms for Companies to be reinstated in the register if they have been removed due to non-compliance or other reasons

The Social Stock Exchange: A New Era of Impact Investing

Affluence Advisory 03 April 2025 at 08:25

This article delves into the key aspects of SSE, its objectives, benefits, and operational framework.

NBFC - A Step by Step Takeover Process

Affluence Advisory 29 March 2025 at 08:26

This article covers a comprehensive NBFC takeover checklist, leading to seamless business transactions.

Provisions Relating to the Foreign Currency - Transfer of Shares and its Reporting Thereto

Affluence Advisory 26 March 2025 at 08:31

The Reserve Bank of India ("RBI") has notified Master Direction for Foreign Investment in India Updated up to January 20, 2025), read with Foreign Exchange Management (Non-Debt Instruments) Rules, 2019 (NDI Rules) and Foreign Exchange Management

Overview of the Legal Framework Governing Cost Records and Cost Audits in India

Affluence Advisory 24 March 2025 at 08:31

Introduction:The Significance of Cost Audit and Cost Records in Modern Businesses:In today’s competitive business environment, effective cost management i

Unlocking Growth Potential: Understanding Stock Appreciation Rights (SARs) in India

Affluence Advisory 20 March 2025 at 08:32

This article explores the mechanics, benefits, and regulatory framework of SARs in India.

NBFC Factors: Meaning, Role & RBI Regulations in India

Affluence Advisory 17 March 2025 at 08:28

A NBFC-Factor is a type of Non-Banking Financial Company (NBFC) that is primarily engaged in the business of factoring.