This Covid-19 pandemic has caused havoc not only nationally but internationally as well. Initially it was not in deep thoughts that India will be having any likely effect from the pandemic which was then impacting only the foreign directives. In other words the world economies will also have an impact upon Indian economy. To begin […]
INTRODUCTION – ALTERNATIVE DISPUTE RESOLUTION MECHANISM The Indian judicial system is known for its heavy burden, long years of litigation which is the reason, alternative dispute resolution mechanisms have been put into place to resolve disputes speedily and arrive at a settled situation for parties under a commercial understanding. Arbitration is one of such alternative […]
A Corpus fund of Rs.100 crore has been created and earmarked by ICAI to provide scholarships for the students who are pursuing Chartered Accountancy Course and increase the beneficiaries gradually.
Most of the Trademark applicant’s end up losing their money, spent on trademark application and professional fee. They also tend to lose something more important than money i.e. their Precious time and Hope. A normal process of a Trademark registration approximately lies between one month to two years. Filing of a Trademark application without taking […]
PRELUDE Since the start of the year 2019, the Government of India has been planning to introduce the concept of Pre-Package Insolvency Schemes in the Indian Insolvency & Bankruptcy Code (IBC). Now due to COVID-19, the businesses all over the country have faced the worst hit since the global economic slowdown of 2008-2009 and it […]
Recently the Government of India through the Ministry of Finance has announced that the Insolvency & Bankruptcy Code (IBC) proceedings under Section 7, 9 and 10 would be suspended for a period of 6 months and no new proceedings can be filed under these Sections. A new Section 10A is expected to be inserted in the IBC which will bring the suspension into effect.
These are general suggestions, personal Finance, and investment decisions depend upon case to case: 1. 30% of your income must be used for monthly living expenses. 2. 30% of your income must be used for Liabilities repayments if any. 3. 30% of your income must be SAVED and INVESTED for your future LIVING. 4. 10% […]
INTRODUCTION – SECTION 29A OF THE ARBITRATION & CONCILIATION ACT, 1996 Section 29A of the Arbitration & Conciliation Act, 1996 was amended vide Arbitration & Conciliation (Amendment) Act, 2015 w.e.f. 23.10.2015 to set ‘Time Limit for arbitral award’ wherein it was stated that an award shall be rendered within twelve months from the date the […]
Going Concern: Considering the current pandemic situation, it has become imperative to analyze the going assumption of an entity. The evaluation shall involve five areas as specified below: MANAGEMENT’S ASSESSMENT DISCLOSURE REQUIREMENTS Identification of principal risks and uncertainties i.e. liquidity and solvency risk Significant judgements and estimates made by management Revision of budgets Manner of […]
Analysis of Service Export from India Scheme (SEIS) for Services Exporter Foreign Trade Policy In order to encourage exports, the government provides certain benefits in the form of Incentives, etc. to exporters. One such Incentive scheme is SEIS, which is relevant for Service Exporters. Under this scheme service exporters receives certain percentage of Net Foreign […]
