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Archive: 24 October 2019

Posts in 24 October 2019

Employee Benefits as per AS, IND AS and IFRS

October 24, 2019 8916 Views 0 comment Print

The relevant Accounting Standards relating to Employee Benefits are the following:- a. INDAS 19 b. IAS 19 c. AS 15 There is no major difference between INDAS 19 and IAS 19.Therefore, the following descriptions relate to both INDAS 19 and IAS 19. Statements of Profit and loss and other Comprehensive income, Statement of changes in […]

Govt Prohibit Import of PET flakes made from used PET bottles

October 24, 2019 2772 Views 0 comment Print

The import of PET bottle waste/scrap/ PET flakes made from used PET bottles etc is Prohibited as per OM No. 23-4/2009-HSMD dated 30-08-2016 and O.M. No.23/66/2019-HSM dated 03/10/2019 of Ministry of Environment, Forest and Climate Change.

Use of Debenture as a source of finance

October 24, 2019 1257 Views 0 comment Print

In this article we will discuss in detail about an innovative source of funding which are called as Masala Bonds in international financial market. Masala Bonds is named after Indian spices to promote Indian culture and heritage throughout the world.

DGGI, Gurugram, busts racket issuing fake GST invoices of more than Rs 136 Crores

October 24, 2019 744 Views 0 comment Print

irectorate General of GST Intelligence (DGGI), Gurugram Zonal Unit, Gurugram arrested Sh. Rajiv Gupta on 23.10.2019, partner in M/s RST Batteries, Mundka Delhi and Director of M/s RST Batteries Pvt. Ltd Bahadurgarh, Haryana for orchestrating a racket involving fake invoices valued at more than Rs 136 crores thereby defrauding the Government of more than Rs 20 crores.

Financial Statement, Board Report Under Companies Act, 2013

October 24, 2019 10284 Views 0 comment Print

Analysis of Section 134 of Companies Act, 2013 1) Signing Of Financial Statement : – Chairperson of the Company (if authorised by the board of directors) OR – 2 Directors (out of which 1 shall be Managing Director) AND – CEO/CS/CFO (if they are appointed in the Company) Note : In Case Of One Person […]

How to Maximize your Safety under Deposit Insurance of DICGC

October 24, 2019 3177 Views 6 comments Print

Bank deposits of every licensed bank are protected up to Rs 1 lac through Deposit Insurance and Credit Guarantee Corporation (DICGC) under the scheme of Deposit  Insurance

Understanding Companies Incorporation Eighth Amendment Rules, 2019

October 24, 2019 1899 Views 0 comment Print

MCA has notified the Companies Incorporation Eighth Amendment Rules, 2019 on 16th October, 2019. There are three amendments under the Companies Incorporation 8th Amendment Rules, 2019.

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