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Archive: 09 May 2018

Posts in 09 May 2018

Analysis of Notifications issued by Ministry of Corporate Affairs on 07th May 2018

May 9, 2018 48114 Views 2 comments Print

Ministry of Corporate Affairs (MCA) has issued several amendments in certain rules made under Companies Act, 2013 on May 07 2018. Article made an attempt to analyses important changes in a brief.

Collecting parking fee by malls illegal : Gujarat HC issues notice (Read PIL)

May 9, 2018 13824 Views 5 comments Print

Petitioner Sajeev Ezhava, filed public interest litigation before Hon’ble Gujarat High Court contending that the parking fee collected by malls and commercial establishments is illegal and against the basis of exempting them from municipal taxes.

Viewing Banking Industry From Lens of IND AS

May 9, 2018 1821 Views 0 comment Print

The decision of Reserve Bank Of India to defer of Ind-AS to April 1st, 2019 in respect of Scheduled Commercial Banks gives breather to Indian Banking Industry which is currently grappling with issues emanating from Stressed Assets, Risk Management, Governance, Insolvency and Bankruptcy Code etc. The financial statements of Banks and NBFCs would predominantly be affected by following standards:

SME IPO- Cheaper Source of Fund

May 9, 2018 2340 Views 0 comment Print

WANT TO TAKE A BUSINESS ON NEXT LEVEL – ?   Are you thinking for Cheaper Source of Fund – ?  THE SME IPO  The BSE SME Exchange has been setup by the Bombay Stock Exchange (BSE) to provide Small and Medium Sized Enterprises (SMEs) a platform for raising equity capital for their growth and […]

SA 701 applicable for audits of financial year 2018-19 & onward

May 9, 2018 13638 Views 0 comment Print

SA 701 is applicable for audits of financial statements for periods beginning on or after April 1, 2018 (i.e. for audits of financial year 2018-19 & onwards).

Transfer of Shares from Non-residents to Residents

May 9, 2018 54648 Views 8 comments Print

1. Under Indian foreign exchange regulations, general permission is available for transfer of shares / convertible debentures between non-residents (NR) and Indian residents (IR) by way of gift or sale under private arrangement. Further, a non resident (other than non-resident Indian (“NRI”) and overseas corporate bodies (“OCB”) may also transfer, by way of sale or […]

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