With a view to strike a balance in providing further relief to the borrowers and finding a solution to the problem faced by lenders of non-realization of EMI on account of moratorium, RBI has come up with One-time Restructuring of loans vide notification dated 06th August, 2020. This proposed restructuring is addressed to all the […]
A company has separate legal entity which can be formed by an association of individuals to with the intention to carry commercial activities to generate profit. The formation and functioning of the company are governed by certain laws, rule and regulations. The intention to behind the enactment of such laws is to provide protection to […]
Get a comprehensive summary of Ind AS-115: Revenue from contracts with customer. Learn about the scope, key steps, performance obligations, and more.
India allows manufacturing and other operations in a bonded manufacturing facility With the Government’s continuous efforts to promote India as the manufacturing hub globally and the commitment towards ease of doing business, another initiative in this direction by the Central Board of Indirect Taxes (CBIC) is allowing import of raw materials and capital goods without payment […]
With the replacement of the Companies Act, 1956 (‘the Old Act’) by the Companies Act, 2013 (‘the New Act’), Section 117 was adopted w.e.f. 01.04.2014 in corresponds to Section 192 of the Old Act. However, it is pertinent to note that with the passage of time, some amendments were made in Section 117 of the […]
Further Issue of shares with Rules: An Detailed Analysis ♦ Purpose: An existing company can expand its business operations and raise funds through the issue of right or bonus shares to existing shareholders in proportion to the shares held by them, private placement and preferential allotment. A company needs to check whether its authorized capital […]
Import Export Code (IEC) is a 10 digit code number, which is issued by the Director General of Foreign Trade (DGFT).It is required by any person who is into import/export business in the country. Importers merchant cannot import goods without the Import Export Code and similarly the exporter merchant cannot avail the benefits from DGFT […]
Understand IAS/Ind AS 16 – Property, Plant & Equipment. Learn about the accounting, depreciation, and scope of this important standard.
1. Section 139(1) Every company in its very 1st Annual General Meeting , shall appoint an Individual or a Firm as an auditor who shall hold office from the conclusion of that meeting till the conclusion of 6th AGM and there after till the conclusion of every 6th AGM. 2. Manner of selection and appointment […]
Situated on the west coast of India, Gujarat is one of the leading industrialized states in the country. Its geographical area of about 2 Lakhs sq. km. accounts for 6% percent of the total area of India. With a coastline of 1600 km, it is well connected to all the major port in all continents […]
