Articles by Affluence Advisory

Some knowledge nuggets about Structured Digital Database

Affluence Advisory 22 August 2023 at 09:00

SDD is a kind of Digital Database which should be maintained internally in a non-tamperable manner along with time-stamping and audit trail. The Database must contain the name and PAN number of Persons with whom the UPSI has been shared.

Significant Beneficial Owners

Affluence Advisory 18 August 2023 at 08:57

It is well known to us that black money creates imbalances in the economy, finances terror and crimes like money laundering etc., and that it puts the honest at a disadvantage also deprives the State of the much-needed revenues which adversely affects the poor people of the country.

SEBI mainstreams Online Dispute Resolution

Affluence Advisory 16 August 2023 at 08:47

The Securities and Exchange Board of India (SEBI) published a Circular on 31 July 2023 on Online Dispute Resolution of Disputes in the Indian Securities Market (SEBI ODR Circular) making Online Dispute Resolution (ODR) the default mechanism for resolving almost all disputes arising out of transactions on the securities market.

Small and Medium Enterprise Exchange Role and Function in Capital Markets

Affluence Advisory 05 August 2023 at 14:23

The market regulator SEBI vide its circular dated May 18, 2010, has provided for the setting up of a stock exchange/ trading platform by a recognized Stock Exchange having a nationwide trading terminal for SMEs

Applicability of Legal Entity Identifier (LEI)

Affluence Advisory 01 August 2023 at 10:55

The Legal Entity Identifier (hereinafter referred to as "LEI") is a global reference number that uniquely identifies every legal entity or structure that is party to a financial transaction, in any jurisdiction.

Removal of Name or Strike off or Closure of Companies under Companies Act 2013

Affluence Advisory 31 July 2023 at 08:53

The Ministry of Corporate Affairs to ease out the procedures to strike off of the Company notified Removal of Names of Companies from the Register of Companies and The Companies (Removal of Name of Companies from the Register of Companies) Rules, 2016 with effect from 26th December, 2016.

Comparative study of Mortgage, Hypothecation & Pledge

Affluence Advisory 21 July 2023 at 08:56

When it comes to borrowing money, lenders often require borrowers to provide some form of security or collateral to mitigate their risk.

Trading Window Closure becomes mandatory for all listed entities

Affluence Advisory 19 July 2023 at 14:20

Stock Exchanges have vide its circular dt: June 28, 2023 extended applicability of Circular to all listed entities in a phased manner

FAQs on Income tax Returns for Assessment Year 2023-24

Affluence Advisory 14 July 2023 at 08:58

The article lists down FAQs on Income tax Returns for Assessment Year 2023-24

FAQs on Foreign Liabilities and Assets Annual Return (FLA Return)

Affluence Advisory 13 July 2023 at 09:03

FLA is an abbreviation of Foreign Assets and Liabilities. FLA return is required to be submitted by all the companies / LLPs / AIFs / Partnership Firms / Public Private Partnerships which have received FDI and/or made overseas investments in any of the previous year(s), including the current year.