Articles by Affluence Advisory

How Asset Reconstruction Companies in India are transforming the Bad Loan Landscape

Affluence Advisory 01 October 2024 at 08:48

The nation has always dealt with bad loans, but let's discuss how they ended up with such a mess in their books and what triggered the rise of ARC's in India, drawing from the likes of the International Bank for Reconstruction and Development.

Deemed Dividend: Understanding Section 2(22) of the Income-tax Act, 1961 and Its Implications

Affluence Advisory 26 September 2024 at 08:33

Section 2(22) of the Income-tax Act, 1961 (the Act), deals with Dividends. Sub-clause (e) of section 2 sub-section (22) of the Act includes payments made by a private company by way of advance or loan to a shareholder

Share Buyback - Strategic Decision in Corporate Finance

Affluence Advisory 18 September 2024 at 08:46

A Buy-back is when a company voluntarily repurchases its own securities from existing shareholders with the intention of cancelling them, following the rules set out in Section 68 of the Companies Act, 2013.

Highlights of 54th GST Council meeting held on 9th September 2024

Affluence Advisory 12 September 2024 at 14:14

A few key highlights of GST council meeting held on 9 September 2024

Global Economic concerns and policy narratives

Affluence Advisory 12 September 2024 at 08:33

The first week of September was anything but favorable for stock market enthusiasts. Far from setting any positive records, the market's performance left financiers and investors alike disheartened.

Can a company make a bonus issue of preference shares?

Affluence Advisory 11 September 2024 at 08:45

Bonus shares are a source of earnings for shareholders and for company it is returning profit to shareholders.

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.