"05 June 2020" Archive - Page 3

Types of Account Maintained By Non-Resident In India (Part-2)

In the continuance of the Types of Account Maintained By Non-Resident (Part-1) FOREIGN CURRENCY (NON-RESIDENT) ACCOUNT (BANKS) SCHEME [FCNR (B) A/C]: Q 1. Who can open FCNR (B) A/C? Ans: 1. Any Non-Resident Indian (NRI) & Person of Indian Origin (PIO) without any approval of the RBI with Authorised Bank. 2. Individuals/Entities of Pa...

Posted Under: Fema / RBI |

Use Flash Fill In Excel and Feel Fresh

Microsoft Excel is undoubtedly most user friendly tool and being extensively used all over the world. We might be using it daily or maybe casually, but probably always wished that we knew more about this dynamic program. Most of us don’t use even 5% of its capabilities. While most of us know use of VLOOKUP, […]...

Posted Under: Fema / RBI |

Eligibility of ITC on COVID 19 related Expenses – Potential Bone of Contention Between Assessee& Department

Whether the expenses related to the preventive measures eligible for ITC? The above regulations require business to shell out money on various items like Sanitizers, Masks, Social distancing apps, Medical insurance of workers, Buses for transportation, disinfection of office spaces etc....

Posted Under: Fema / RBI |

CSR | Section 135 | Companies Act, 2013 | CSR Rules, 2014

Corporate Social Responsibility (CSR) | Section 135 of The Companies Act,2013 | The Companies (Corporate Social Responsibility Policy) Rules, 2014 Corporate Social Responsibility (CSR) aims to contribute to the well being of the society in which an entity operates. CSR can also be considered as corporate ethic strategy that helps the Comp...

Posted Under: Fema / RBI |

Holding of AGM Through VC by A Private Limited Company

Given the difficulties faced by the stakeholders on account of the threat posed by COVID-19, the Ministry of Corporate Affairs (MCA) have issued a circular (No.20/2020) on 5th May 2020 for allowing the conduct of Annual General meeting through video conferencing (VC) or other audio visual means (OAVM). The Companies Act, 2013 (Act) does n...

Posted Under: Fema / RBI |

Points to consider before picking up stock for investment

I am writing this post regarding what are the points to be considered before investing and same includes General Observation, News, economy Trend, Sectoral Trend, Analysis from Various Stock Screeners, Certain Extraordinary Situations, Your Area of Expertise, Competitive Edge, Fundamental and Technical Analysis and The Sense....

Posted Under: Fema / RBI |

The Essential Commodities (Amendment) Ordinance, 2020

No. 8 of 2020 05/06/2020

The Essential Commodities (Amendment) Ordinance, 2020 passed for the purposes of increasing the competitiveness in the agriculture sector and enhancing the income of the farmers...

All about Women Directors under Companies Act, 2013

The concept of Women Directors came up with Companies Act, 2013, where the government added an ordinance and made it mandatory to appoint a women director in the board of directors of Company meeting specific criteria. (a) As per second Proviso to Section 149(1) read with Rule 3 of the Companies(Appointment and Qualification of directors)...

Posted Under: Fema / RBI |

Farmers (Empowerment and Protection) Agreement On Price Assurance and Farm Services Ordinance, 2020

Notification No. 11 of 2020 05/06/2020

Farmers (Empowerment and Protection) Agreement on Price Assurance and Farm Services Ordinance, 2020 is passed to provide for a national framework on farming agreements that protects and empowers farmers to engage with agri-business firms, processors, wholesalers, exporters or large retailers for farm services and sale of future farming pr...

Things to know when buying Home by taking Home Loan

1. Credit Score: Credit score is a number which calculated by various Credit Rating Agencies. Try to Improve your credit score by not defaulting any credit card payment or any EMI payment. If you delay the credit card payment, it impacts your credit card. Do not apply loan again & again. It affects your Credit […]...

Posted Under: Fema / RBI |

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