In this article, i have explained important event based FEMA Compliances under FDI Norms by the Indian entities. All the reporting under FEMA Act, 1999 except specifically stated otherwise, is required to be done through the Single Master Form (SMF) available on the FIRMS platform at https://firms.rbi.org.in. For the purpose of reporting in the SMF, […]
ANALYSIS OF VARIOUS ASPECTS INTERNAL FINANCIAL CONTROL UNDER COMPANIES ACT, 2013 There are various Statutory Provisions under the Companies Act 2013 (the Act) which govern ‘Internal Financial Control’ in the Company. Relevant provisions of the Act, for the applicability of Internal Financial Control is reproduced as under: 1. Section 134(5) of the Companies Act, 2013: […]
