Articles by Affluence Advisory

Filing of announcements in XBRL format on NSE NEAPS and BSE listing centre

Affluence Advisory 21 April 2023 at 08:52

Now Stock Exchanges have vide their circular dt: March 31, 2023 have asked listed entities to submit following corporate announcements required to be filed under SEBI LODR in XBRL format with effect from April 01, 2023: ('effective date'):

Consequence of non-compliance with w.r.t maintenance of Books of Accounts, Statutory Registers and Minutes Book

Affluence Advisory 19 April 2023 at 14:59

In recent times, ROC has been diligently suspecting the non-compliance and passing stringent orders against the Company and its Directors. Therefore it has become important for the Company and Directors to ensure Compliance in true spirit and letter.

Registration Of Investment Advisor

Affluence Advisory 12 April 2023 at 08:44

Investment Advisor is a person or an organization who gives 'investment advice' to another person in exchange for monetary value.

Company Law for Independent Director

Affluence Advisory 05 April 2023 at 08:57

According to u/s 149(9) of companies act, an independent director shall not be entitled to any stock option and receive any remuneration by way of a fee provided under section 197 sub section 5, reimbursement of expenses for participation in a board and other meeting and profit related commission as may be approved by the members.

Additional affirmations by Practicing Company Secretaries (PCS) in Annual Secretarial Compliance Report (ASCR)

Affluence Advisory 25 March 2023 at 09:08

As per Regulation 24A of SEBI (LODR) Regulation,2015 the Annual Secretarial Compliance report is applicable to all listed entities. This report is to be submitted by the listed entities to the stock exchange(s) within sixty days from end of the financial year.

Regulatory Framework: Liability of Independent Directors

Affluence Advisory 22 March 2023 at 06:49

An independent director shall be held liable, only in respect of such acts of omission or commission by the listed entity which had occurred with his [/her] knowledge, attributable through processes of the board of directors, and with his [/her] consent or connivance or where he [/she] had not acted diligently with respect to the provisions contained in these regulations.

Link PAN with Aadhaar by 31st March: SEBI direction to Investors

Affluence Advisory 18 March 2023 at 06:56

SEBI has directed all investors to link PAN with Aadhaar numbers by 31st March 2023 for seamless transactions in the securities market.

MSME Registration Benefits - Tax and Others

Affluence Advisory 14 March 2023 at 12:43

The Budget 2023 provides tax benefits and other measures for the Micro, Small and Medium Enterprises (MSMEs) and startups in the country, which helps them grow and boost their businesses

Amendments to the SEBI (LODR) Regulations, 2015

Affluence Advisory 14 March 2023 at 08:52

Consultation Paper On Strengthening Corporate Governance At Listed Entities By Empowering Shareholders

SEBI circular on achieving min public shareholding

Affluence Advisory 11 March 2023 at 09:07

SEBI has by its circular dt: February 3, 2023 and all its earlier circulars stated that SEBI may consider any other method of achieving min. public shareholding on a case-specific basis. It has further stated that the listed entity shall approach the Board with an application containing relevant details to obtain prior permission.