Articles by Affluence Advisory

RBI guidelines to Banks, NBFCs on Penal Charges

Posted by Affluence Advisory 25 September 2023 1842 Views

The Reserve Bank of India (RBI) has taken a proactive part in order to address these concerns by issuing regular guidelines and directives that Banks are obligated to adhere to. These guidelines aim to promote fair practices within the banking sector.

Peer Review of Practicing Company Secretaries (PCS)

Posted by Affluence Advisory 22 September 2023 5101 Views

Peer Review is a process used for examining the work performed by one's equals (peers) and understanding the systems, practices, and procedures followed by the Practice Unit, and giving suggestions, if any, for further improvement.

India's Online Gaming Landscape: Growth, Regulations and Opportunities

Posted by Affluence Advisory 16 September 2023 3646 Views

Online gaming companies in India, are subject to a number of laws and regulations. These laws and regulations are designed to protect consumers, ensure fair play, and prevent illegal gambling.

Brief note on Conversion of Private Company into Public Company

Posted by Affluence Advisory 15 September 2023 1747 Views

Stepwise process for conversion of Private Company into Public Company

Comprehensive Guide to Annual Filing Forms AOC-4 and MGT-7

Posted by Affluence Advisory 12 September 2023 5079 Views

We have made an attempt to provide information cum clarification on Forms AOC-4 & MGT-7 for reporting the Financial Statements and Annual Return, respectively, as the Annual Filing is soon approaching.

RBI Approval for Change in Management of NBFC

Posted by Affluence Advisory 05 September 2023 3562 Views

Non-Banking Financial Companies (NBFCs), as the name suggests, are the companies established under the Companies Act. NBFCs are intermediaries engaged in the business of finances, accepting deposits, delivering credit and hence play an important role in channelizing the scarce financial resources towards the creation of wealth.

LLP Act: Condonation of Form Filing Delays under Section 67

Posted by Affluence Advisory 02 September 2023 1530 Views

Condonation of delay in filing of Form 3, Form 4 and Form 11 under Section 67 of the Limited Liability Partnership Act, 2008

Outsourcing of Information Technology Services

Posted by Affluence Advisory 30 August 2023 1888 Views

The outsourcing of information technology (IT) services has become increasingly prevalent in the banking and financial sector. There are several challenges that have come up and regulators have stepped in with a framework to enable prudent risk management.

Stock Brokers and Depository Participants: Increased Website Compliance

Posted by Affluence Advisory 28 August 2023 1037 Views

SEBI has issued a circular dt: February 15, 2023, vide which SEBI has specified certain information that is required by Stock Brokers and Depository Participants to be published on its website.