Articles by Affluence Advisory

NBFC Takeover Process and RBI Compliance

Posted by Affluence Advisory 01 July 2025 257 Views

The takeover process shall primarily involve a thorough review of the target NBFC's documentation by the Acquirer. Upon the Acquirer's approval of the acquisition, a Memorandum of Understanding (MoU) will be executed, accompanied by a token consideration.

Foreign Liabilities and Assets (FLA) Return under FEMA

Posted by Affluence Advisory 28 June 2025 776 Views

This article breaks down the FLA reporting process, explaining the legal framework, required disclosures, practical compliance issues, and potential consequences of non-compliance.

Comprehensive Guide to Issue of Shares with Differential Voting Rights (DVR)

Posted by Affluence Advisory 26 June 2025 913 Views

This comprehensive guide provides a detailed understanding of DVR shares, their legal framework, benefits, conditions and the procedure for their issuance in India.

MCA Amendments 2025: Advancing Transparency and Digital Compliance

Posted by Affluence Advisory 21 June 2025 732 Views

MCA amends key company rules w.e.f. July 14, 2025 -new e-forms, stricter disclosures, audit reforms & digital compliance norms. Key highlights explained.

Applicability of Valuation Certificate under FEMA and Companies Act

Posted by Affluence Advisory 18 June 2025 578 Views

This article provides a detailed examination of the applicability and requirements surrounding valuation certificates under both statutory frameworks, clarifying when such certifications are necessitated, the methodologies to be followed, and the authorized professionals qualified to issue them.

RBI's Rs 2 Lakh Penalty Cap: A Welcome Relief for Minor FEMA Violations

Posted by Affluence Advisory 18 June 2025 221 Views

The Reserve Bank of India (RBI) has announced a major compliance relief for minor violations under the Foreign Exchange Management Act (FEMA).

Compliance Roadmap for Newly Registered NBFCs

Posted by Affluence Advisory 16 June 2025 183 Views

The NBFC business is really taking off these days, and a lot of new players have jumped in. Many have gotten their approval from the RBI and the Certificate of Registration (CoR) to start operating as NBFCs.

Allahabad HC Provides Relief to Trendships in GST Matter Against Commercial Taxes Dept

Posted by Affluence Advisory 13 June 2025 157 Views

Trendships Online Services Private Limited Versus Commissioner Commercial Taxes U.P. At Lucknow And Another [2025 (6) TMI 98- Allahabad High Court]

RBI's Crackdown on ODI Non-Compliance: A Wake-Up Call for Indian Businesses

Posted by Affluence Advisory 10 June 2025 196 Views

In a decisive regulatory move, the Reserve Bank of India (RBI) has instructed Indian companies with unresolved issues in their past Overseas Direct Investment (ODI) transactions to settle such cases by August 25, 2025.

When AI Steals Your Entry-Level Gig

Posted by Affluence Advisory 05 June 2025 164 Views

"Dario Amodei, CEO of Anthropic - one of the leading developers of cutting-edge AI - recently issued a stark warning: within the next one to five years, as many...