Articles by Affluence Advisory

Introduction of Invoice Management System (IMS) on GSTN Portal

Affluence Advisory 06 September 2024 at 08:42

A new functionality will be introduced on GSTN portal w.e.f. 1 October 2024 which will require the recipient of goods or services to match the invoices/records with the details uploaded by supplier for availing ITC.

Ordinary Business and Special Business

Affluence Advisory 04 September 2024 at 08:43

In the governance of companies, the proceedings of shareholder meetings play a critical role. The agenda items discussed in these meetings can be broadly categorized into two types: Ordinary Business and Special Business.

Comparative Analysis of Private Placement and Preferential Allotment

Affluence Advisory 31 August 2024 at 08:32

The rise in start-up culture and entrepreneurship in India over the past few years has resulted in an increase in fundraising by businesses. While launching a business has many obstacles, raising finance is the main one that all new businesses must overcome.

Introduction of RCM Liability/ ITC statement

Affluence Advisory 30 August 2024 at 08:45

A statement called RCM liability/ ITC statement has been introduced on GST portal.

Unpaid and Unclaimed Dividend - Treatment and Transfer to Investor Education and Protection Fund IEPF

Affluence Advisory 27 August 2024 at 08:32

The shareholders in a Company except a Company registered under Section 8, are eligible to get a portion of the Company's profit depending on the number of shares held, this is known as a dividend. It is a distribution of gains by a Company to its members/shareholders.

Forfeiture of Shares: Guide to the Process and Implications

Affluence Advisory 22 August 2024 at 08:28

Share forfeiture can be defined as the process of a cancelling the shares allotted to the defaulting investors by the company.

Loans and Investments by Companies: Understanding Compliance with Section 186 of the Companies Act, 2013

Affluence Advisory 19 August 2024 at 08:43

Section 186 of the Companies Act, 2013 ("Act") deals with loan and investment restrictions imposed on companies.

Comprehensive Guide to Valuation requirement under various Forums

Affluence Advisory 14 August 2024 at 08:38

The process of valuation typically involves obtaining information from outside sources, working with few inputs, and estimating the entity's or asset's future viability.

Compliance in the Age of Digital Transformation: Balancing Innovation with Regulation

Affluence Advisory 13 August 2024 at 08:40

Digital transformation brings about new business models, operational processes, and different ways of interacting with customers and stakeholders. As a result, governance structures and practices must be reevaluated and updated to ensure they remain relevant and effective.

Rapid Yen Appreciation and Its Global Impact: A Shift in Japan's Monetary Policy

Affluence Advisory 08 August 2024 at 08:38

Over the past few weeks, there have been significant changes in the value of the Japanese Yen, with several key events leading to a major shift