Articles by Affluence Advisory

Stock Brokers and Depository Participants: Increased Website Compliance

Posted by Affluence Advisory 28 August 2023 1041 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.

Impact of insertion of Rule 88D in CGST Rules 2017

Posted by Affluence Advisory 25 August 2023 25791 Views

The captioned rule deals with differences in ITC availed as per GSTR-3B and credit reflecting in GSTR-2B of a particular period/periods.)

Reversal of ITC in case where Supplier has not remitted the tax

Posted by Affluence Advisory 24 August 2023 8709 Views

ITC reversal in the hands of recipient of goods or services in case of default made by supplier by not depositing the tax collected with the Government.

Some knowledge nuggets about Structured Digital Database

Posted by Affluence Advisory 22 August 2023 1033 Views

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

Posted by Affluence Advisory 18 August 2023 1945 Views

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

Posted by Affluence Advisory 16 August 2023 1189 Views

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

Posted by Affluence Advisory 05 August 2023 1700 Views

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)

Posted by Affluence Advisory 01 August 2023 2029 Views

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

Posted by Affluence Advisory 31 July 2023 1557 Views

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.