Articles by Affluence Advisory

Compliance in the Age of Digital Transformation: Balancing Innovation with Regulation

Posted by Affluence Advisory 13 August 2024 263 Views

Digital transformation brings about new business models, operational processes, and different ways of interacting with customers and stakeholders. As a result, governance structures and practices must be reevaluated and updated to ensure they remain relevant and effective.

Rapid Yen Appreciation and Its Global Impact: A Shift in Japan's Monetary Policy

Posted by Affluence Advisory 08 August 2024 221 Views

Over the past few weeks, there have been significant changes in the value of the Japanese Yen, with several key events leading to a major shift

Taxation of Alternative Investment Funds (AIFs) - Category I and II

Posted by Affluence Advisory 03 August 2024 1193 Views

Introduction· Alternative Investment Funds (AIFs of Funds) are an investment pooling vehicle that invests in various financial instruments. Such inves

Insolvency and Bankruptcy Code, 2016 - Boon and Curse

Posted by Affluence Advisory 31 July 2024 251 Views

The Insolvency and Bankruptcy Code, 2016 (IBC) is an Indian Law which creates a consolidated framework that governs insolvency and bankruptcy proceedings for corporate person, partnership firms, and individuals.

Secretarial Audit Compliance under Companies Act, 2013

Posted by Affluence Advisory 27 July 2024 550 Views

Secretarial Audit is a compliance audit and it is a part of total compliance management in an organization. The Secretarial Audit is an effective tool for corporate compliance management. It helps to detect non-compliance and to take corrective measures.

SEBI Releases Consultation Paper Introducing New Asset Class/Product Category

Posted by Affluence Advisory 23 July 2024 191 Views

Securities and Exchange Board of India ('SEBI') released a consultation paper dated: July 16, 2024 on introduction of new asset class/ product category.

RBI allows remittances for all permissible purposes to IFSCs under the LRS

Posted by Affluence Advisory 20 July 2024 326 Views

The Reserve Bank of India (RBI) has vide its Circular dated July 10, 2024 allowed remittances for all permissible purposes under the Liberalized Remittance Sche...

GST Implications in Case of Accommodation Service Pursuant to recommendations made in the 53rd GST Council Meeting

Posted by Affluence Advisory 19 July 2024 971 Views

Heading 9963 which also covered Accommodation services has been removed from Sl. No. 12 of Notification no. 12/2017. Also, a new explanation i.e. Explanation 2 is inserted in Sr. No. 12 of the said notification.

Signing of Board's report and financial statement - Companies Act and SEBI (LODR)

Posted by Affluence Advisory 17 July 2024 1587 Views

Section 134(1) of Companies Act, 2013 (‘the Act’) provide for signing of board’s report. It read as follows:“(1) The financial statement

Notifications & Circulars - In light of 53rd GST Council Meeting Recommendations

Posted by Affluence Advisory 16 July 2024 1869 Views

The 53rd GST Council Meeting brought forth significant recommendations that have been elucidated in recent notifications and circulars. The key Notifications an...