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Archive: October, 2019

Posts in October, 2019

Use of Debenture as a source of finance

October 24, 2019 1438 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 954 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 10659 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 3690 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 2220 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.

Advantages of GST Grievance Redressal Portal & Steps to lodge a complaint

October 23, 2019 6171 Views 1 comment Print

Please follow the following steps to find a resolution or  lodge a complaint related to GST portal related issues: Please enter the keyword related to issue / complain being faced by you in the Type of Issue/Concern box under REPORT ISSUE/ COMPLAINT tab, after clicking the link as provide above.

Memorandum of Association under Companies Act, 2013

October 23, 2019 3198 Views 0 comment Print

MOA –MOA in legal terminology means memorandum of association of a Company as originally framed or as altered from time to time in pursuance of Companies Act, 2013 or any former Company laws.

Role of CIBIL Score in Finance

October 23, 2019 3786 Views 0 comment Print

CIBIL stands for Credit Information Bureau (India) Limited which is a part of “transunion” an american multinational group.  It maintains credit files of around 600 million individuals and 32 million businesses. TransUnion is one of four credit bureaus operating in India and is majorly trusted by banks and Financial institutions due to its greater reliability and […]

Compliances for Independent Directors as Per MCA Notifications Dated 22/10/2019

October 23, 2019 18405 Views 1 comment Print

Ministry of Corporate Affairs (MCA) vide its Notifications dated 22/10/2019 has introduced – – Companies (Appointment and Qualification of Director) Fifth Amendment Rules, 2019, – Companies (Creation and Maintenance of databank of Independent Directors) Rules, 2019 and – Companies (Accounts) Amendment Rules, 2019. which shall come into force w.e.f. 01/12/2019. Companies (Appointment and Qualification of […]

Tax Planning Tips For Private/Public Limited Companies

October 23, 2019 18183 Views 1 comment Print

Organising your business in the form of Private Limited Company has got its own advantages such as Limited Liability of the owners, Perpetual existence, Better Image and credibility among stakeholders, separate legal entity and improved Borrowing Capacity and so on. A company enjoys better avenues for borrowing of funds. It can issue debentures, secured as […]

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