Implementation of Amendments in the Indian Stamp Act, 1899 and Rules made from 1st July, 2020 for Rationalized Collection Mechanism of Stamp Duty across India with respect to Securities Market Instruments The Amendments in the Indian Stamp Act, 1899 brought through Finance Act 2019 and Rules made thereunder will come into effect from tomorrow, i.e. 1st July, 2020 vide notifications dated 30th March, 2020. In order to facilitate ease of doi..
From March 2020 till the next 9 months are going to be very unpredictable for all the companies. This will majorly be dominated by the effects of the COVID-19 pandemic. It is an unprecedented situation that nearly everyone in the world has decided to stay at home. People have quarantined themselves at home all around the world. Within a period of about a month, all the people decided to cut social contact with each other for the sake of humanity. F..
The Competition Commission of India (CCI) approves acquisition of 9.99% stake in Jio Platforms by Jaadhu Holdings LLC. The proposed combination envisages acquisition of approximately 9.99% stake inJio Platforms Limited (Jio Platforms)by Jaadhu Holdings LLC (Jaadhu). Jaadhu is an indirect wholly owned subsidiary of Facebook. Jaadhu is a newly incorporated company formed in March 2020 under the laws of the State of Delaware, United States. Facebook is..
The next business revolution has come in the form of digital transformation and technology adoption. Technology is playing a key role during the COVID-19 pandemic in keeping our society working at the time of lockdowns and quarantines. And beyond COVID-19 these technologies can have a long-lasting effect. From start-ups to MNC, all are adopting technology at different levels, in accordance with their immediate needs and capabilities. However, the COVID-19 pandemic and the subsequent..
On 24 March 2020, the Government of India under Prime Minister Narendra Modi ordered a nationwide lockdown for 21 days, limiting movement of the entire 1.3 billion population of India as a preventive measure against the COVID-19 pandemic in India. It was ordered after a 14-hour voluntary public curfew on 22 March, followed by enforcement of a series of regulations in the country's COVID-19 affected regions. On 29th March 202..
As employers start transitioning their employees from remote to in-office operations, it is important to implement practices that prioritize safety, are tailored to their workforce, and draw on supporting technology solutions. Many organizations have shifted operations from home to a full or partial remote telework environment with employees accessing company resources and systems. Normal operational policies and standards have been relaxed in some cases to allow employees to use personal com..
This week one of my friends called me and informed me that Rs. 10,000 was robbed from her bank account due to Cyber fraud, another friend called me and shared his experience, how he received a fraudulent call when he was working form home and tried to get access to company's server and database. This experience has scared and alerted me that this can happen with me and with anyone at any point in time. Especially for the organisation, cyber threats are tremendous. <div cl..
"State Bank of India recently said that 21.8% of its overall borrowers and 21% of its retail borrowers had availed of the loan moratorium". (Source - Live Mint News) Now the question arises that why only one-fifth of the borrowers have taken this benefit and not others. Is it beneficial? If Yes, then why only 20% have opted? If No, then what is the reason? For Example, there is a loan amount outstanding of Rs. 10 lakhs to be repaid in 12 years (144 months). The r..
Financial Service Industry - A Top-Down View 1) Any person or a company before starting any kind of business needs Capital i.e. money. It is required to invest in assets that will be used in production to generate revenue. Searching for the persons who are interested to invest in the company is difficult and time-consuming. Also, from the investor's point of view, it again becomes difficult to select the right company to invest. To overc..
Insolvency Professionals to act as Interim Resolution Professionals, Liquidators, Resolution Professionals and Bankruptcy Trustees (Recommendation) Guidelines, 2020 Corporate Insolvency The Insolvency and Bankruptcy Board of India (Board) is required under the Insolvency and Bankruptcy Code, 2016 (Code) to recommend name of an Insolvency Professional (IP) for appointment as Interim Resolution Professional (IRP) or Liquidator as under: (a) Section 16(3)(a) of th..
In Part 1 of the Enron Scandal, we discussed interesting facts about Enron Scandal. Then we learned about how Enron was formed & Accounting treatment used. After we got introduced to the main player's Ken Lay & Jeff Skilling let us move to know about Andrew Fastow the CFO & Rebecca Mark the CEO of Enron. <img class="img-fluid" src="/editor_u..
Economics is as old as human beings on this planet. Initially it was refered to as "rules of household". But with the passage of time as the human beings grew and became more intelligent with their daily lives, economics as a subject matter grew parallely, justifying every act of human beings. And soon it became the most important weapon to rule! Economic education is knowing ourselves and the surroundings (neighborhoods and communities) we live in, knowing how our needs change with..