In this write-up, I am going to discuss the preparation and presentation of the Consolidated Financial Statement. The Companies Act, 2013 in its Section 129 along with Rule 6 of the Companies (Accounts) Rules, 2014, and Accounting Standard 21 govern the provision related to the consolidation of the financial statement. Now the question arises what […]
Today we as a nation along with rest of the world facing the unprecedented situations in form of the Pandemic caused by the virus known as the Corona Virus or COVID-19, the pandemic not only possess the great challenge towards human life but also on Economic front due to the nationwide lock-down implemented by the […]
1918, World was going through its first world war. Historical power like Great Britain, Germany and Austria and other colonial powers were losing its ground. The new world order was being created with the United States of America emerging as new superpower riding on the unprecedented growth trajectory of the economy. Other parts of Europe […]
The Ministry of Corporate Affair issued the circular dated 24th March, 2020, having General Circular No. 11/2020 relaxing any additional payment payable by the company on late filing of e-Forms to ROC to provide relaxation to the corporate world causing devastating circumstances created by COVID-19 causing a global pandemic. MCA in furtherance of the above […]
Securities and Exchange Board of India vide circular dated November 26, 2018, introduced the new borrowing framework for the large entities in order to bring into the effect announcement made under the Union Budget for 2018-19. The Union Budget for 2018-19 which inter alia include the following announcement “SEBI will also consider mandating, beginning with […]
