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Archive: 25 May 2020

Posts in 25 May 2020

Equalisation Levy on Non Resident E-Commerce Operator

May 25, 2020 3477 Views 0 comment Print

Several non resident e-Commerce operator has started, providing the service through digital media, without having physical presence in India. Because of which, India Tax department were not able to tax such transaction due to non-availability of PE in India. Government of India by Finance Act 2020, has introduced new provision 01.04.2020 What provision says, in […]

Issue of Bonus Shares

May 25, 2020 22419 Views 1 comment Print

There are a lot of Companies who has surplus profits and intends to capitalize such profits by issue of bonus shares. Bonus shares are basically gift to the shareholders in the ratio of shares already owned by them. These are a free share of stock given to the existing shareholders in a Company, based upon […]

AGM of Companies through VC/OAVM

May 25, 2020 4005 Views 0 comment Print

ANNUAL GENERAL MEETING (AGM) THROUGH VIDEO CONFERENCING (VC) OR OTHER AUDIO VISUAL MEANS (OAVM) INTRODUCTION: COVID-19 pandemic has certainly shaken up entire World, health, lifestyle and economy of the countries. As India is trying its best to cope up with these crisis, Ministry of Corporate Affairs (MCA) and SEBI have taken quick and effective measures, […]

Sweat Equity Shares

May 25, 2020 85635 Views 0 comment Print

Section 53 of the Companies Act, 2013 prescribes that Company shall not issue shares on discount. Any shares issued by the Company at a discount shall be void. However, there are certain circumstances where Company can issue shares at a discount: ♦ Issue of Sweat Equity Shares ♦ Issue of shares to the Creditors when […]

Procedure To Incorporate an Indian Subsidiary Company

May 25, 2020 25164 Views 2 comments Print

A Indian Subsidiary Company is also known as a subsidiary or a sister company of parent company; andthe company which practices control over it, is called as the parent company of subsidiary company, or holding company. A subsidiary company always controlled by the parent company (holding company)partially or fully.A Indian subsidiary company is termed as […]

Impact of COVID – Impulsive Changes in Employment and Business

May 25, 2020 2514 Views 36 comments Print

This article is a humble attempt from a layman’s perspective, that has been penned during the lock down times to discuss on the economic conditions and circumstances that may prevail post lockdown in India and its possible consequences on employment & business in general. In the recent past, few months there has been a sharp […]

Role of Compliance Officer under SEBI Insider Trading Regulations

May 25, 2020 9735 Views 0 comment Print

Role of Compliance Officer under SEBI (Prohibition of Insider Trading) Regulations, 2015 SEBI (Prohibition of Insider Trading) Regulations, 2015 “Regulations” has always posed challenges for the Compliance Officers to implement and ensure compliance. Adherence with these regulations primarily depends on the employees of the Company, connected persons and other such person who is privy to […]

Key aspects of MSME

May 25, 2020 4449 Views 1 comment Print

1. MSME and governance:- -MSME refers to Micro, Small and Medium Enterprises. –Micro Small and Medium Enterprises (MSMEs) are crucial for the economic growth and stability of any country and play a vital role especially for developing countries as they facilitate economic activity and provide employment thus contributing to poverty reduction -In India, it is […]

Reduction In REPO Rate Vis-a-Vis Ultimate Benefit To Borrowers

May 25, 2020 1002 Views 0 comment Print

The Reserve Bank of India (RBI) did another rate in repo rate by 40 basis point to 4%. Which ideally should be transmitted in the form of lower cost of finance (ROI) to borrowers. However the same is far from reality. The Reserve Bank of India introduced the MCLR methodology for fixing interest rate from […]

SAE 3400 Examination of Prospective Financial Information- Analysis

May 25, 2020 10767 Views 0 comment Print

This SAE is effective in relation to reports on projections/forecasts issued on or after April 1, 2007. 1. Introduction The purpose of this (SAE) is to establish standards and provide guidance on engagements to examine and report on prospective financial information (PFI) including examination procedures for best-estimate and hypothetical assumptions. This SAE does not apply […]

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