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Shally Arora

Latest Posts by Shally Arora

Clarification on Preparation of Consolidated Financial Statement

November 17, 2021 5250 Views 0 comment Print

A subsidiary should be excluded from consolidation when: 1. control is intended to be temporary because the subsidiary is acquired and held exclusively with a view to its subsequent disposal in the near future; or 2. it operates under severe long-term restrictions which significantly impair its ability to transfer funds to the parent.

Procedure for Surrender of Director Identification Number (DIN)

May 11, 2021 9120 Views 0 comment Print

Pursuant to section 153 of the Companies Act, 2013 and rule 11 of the Companies (Appointment and Qualification of Directors) Rules, 2014 Article explains Why to Surrender DIN, Occasions in Which Surrender of DIN is Required (Reasons of Surrender), Which DIN is to be retained & Surrender, Procedure of Surrender of DIN and Attachments with […]

Conversion of Partnership Firm into Limited Liability Firm

May 10, 2021 1569 Views 0 comment Print

 Pre- requisite for Conversion of Partnership Firm into Limited Liability Firm -All the partners of the partnership  firm shall be the partners of the LLP, which means there shall be no new partners or the existing partners cannot cease to be partners while making the application. -It is mandatory for all partners of the partnership  […]

All About External Commercial Borrowings

May 9, 2021 35970 Views 1 comment Print

What is “External Commercial Borrowings (ECB) “External Commercial Borrowings (ECB)” means borrowing by an eligible resident entity from outside India in accordance with framework decided by the Reserve Bank of India in consultation with the Government of India: Eligible entities may raise External Commercial Borrowings (ECB) from outside India in accordance with the provisions. ♦ […]

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May 2024