Articles by Affluence Advisory

Taxation of Alternative Investment Funds (AIFs) - Category I and II

Affluence Advisory 03 August 2024 at 08:48

Introduction· Alternative Investment Funds (AIFs of Funds) are an investment pooling vehicle that invests in various financial instruments. Such inves

Insolvency and Bankruptcy Code, 2016 - Boon and Curse

Affluence Advisory 31 July 2024 at 08:40

The Insolvency and Bankruptcy Code, 2016 (IBC) is an Indian Law which creates a consolidated framework that governs insolvency and bankruptcy proceedings for corporate person, partnership firms, and individuals.

Secretarial Audit Compliance under Companies Act, 2013

Affluence Advisory 27 July 2024 at 08:42

Secretarial Audit is a compliance audit and it is a part of total compliance management in an organization. The Secretarial Audit is an effective tool for corporate compliance management. It helps to detect non-compliance and to take corrective measures.

SEBI Releases Consultation Paper Introducing New Asset Class/Product Category

Affluence Advisory 23 July 2024 at 08:23

Securities and Exchange Board of India ('SEBI') released a consultation paper dated: July 16, 2024 on introduction of new asset class/ product category.

RBI allows remittances for all permissible purposes to IFSCs under the LRS

Affluence Advisory 20 July 2024 at 06:36

The Reserve Bank of India (RBI) has vide its Circular dated July 10, 2024 allowed remittances for all permissible purposes under the Liberalized Remittance Sche..

GST Implications in Case of Accommodation Service Pursuant to recommendations made in the 53rd GST Council Meeting

Affluence Advisory 19 July 2024 at 08:28

Heading 9963 which also covered Accommodation services has been removed from Sl. No. 12 of Notification no. 12/2017. Also, a new explanation i.e. Explanation 2 is inserted in Sr. No. 12 of the said notification.

Signing of Board's report and financial statement - Companies Act and SEBI (LODR)

Affluence Advisory 17 July 2024 at 08:42

Section 134(1) of Companies Act, 2013 (‘the Act’) provide for signing of board’s report. It read as follows:“(1) The financial statement

Notifications & Circulars - In light of 53rd GST Council Meeting Recommendations

Affluence Advisory 16 July 2024 at 08:37

The 53rd GST Council Meeting brought forth significant recommendations that have been elucidated in recent notifications and circulars. The key Notifications an..

Benefits of Filing Return of Income

Affluence Advisory 13 July 2024 at 08:34

In this article, we make an attempt to discuss some of the benefits of filing income tax returns and what the best way to go about doing so is.

IPO Process: Guide to Successfully Taking Your Company Public

Affluence Advisory 10 July 2024 at 08:35

An IPO is an important step in the growth of a business. It provides a company access to funds through the public capital market. An IPO also greatly increases the credibility and publicity that a business receives.