Articles by Affluence Advisory

Choose Right Tax Regime for FY 2023-24

Posted by Affluence Advisory 22 April 2023 5081 Views

If you FAIL to choose between the New and Old Tax Regime, the Employer will take the New Tax Regime as DEFAULT and deduct TDS under it.

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

Posted by Affluence Advisory 21 April 2023 2294 Views

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

Posted by Affluence Advisory 19 April 2023 5768 Views

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

Posted by Affluence Advisory 12 April 2023 2250 Views

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

Posted by Affluence Advisory 05 April 2023 8875 Views

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)

Posted by Affluence Advisory 25 March 2023 3125 Views

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

Posted by Affluence Advisory 22 March 2023 1831 Views

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.