In order to increase transparency and curb the operations of shell Companies, the Registrar of Companies, in accordance with its power as per Section 248(1)(c), struck off many Companies in 2017, 2018 and then again in the year 2019. Accordingly, there have been three tranches of striking off done by the various Registrar of Companies […]
In the case of NGOs also, if they need Government Grants, CSR Funding from Companies then they also require Project report. There is no fixed format of the Project report; however, a project report must consist of a basic detail of all aspects which may impact the banker/ Donor funding decision. In below points, I am trying to describe the basic details which must be present in project report. Some desired changes are required to be made by NGO’s as per the applicability of the below points in their project report.
It doesn’t take more than a brief scan of the news to see the devastating impact of coronavirus (COVID-19). The fallout that the virus can and will take on human life is paramount. But beyond the toll this has taken on public health and safety, businesses around the world are also wrestling with how susceptible […]
Uncertainty and it’s impact on the control environment Covid-19 brought in uncertainty. Working under the disruptively changed period of Uncertainty should drive you to review your Internal Controls. As we head into the Audit sessions for FY 19-20, Finance teams need to provide their Audit Committees, Boards and the Statutory Auditors comfort that their company […]
There are many CAs known to me, who are struggling in this pandemic, but not wish to put their name here as there are others too, to whom I don’t know. Below are a few situations, members facing, which I have witnessed:
In today’s technology driven world where none of the activity of our day to day life is being untouched by technology, we finance people also need to realign our knowledge and experience with the trending technology to get a better pace and ease in surviving in this new era. We all must have heard about […]
SEBI- Relaxation between May 12 to May 20– Advisory to disclose impact of COVID-19 Brief Note on relaxations provided by SEBI Recently from May 12, 2020 to May 20, 2020 Securities and Exchange Board of India (“SEBI”) being the principal Security Market Regulator in India had announced following relaxations in the month of March and […]
What are Micro, Small and Medium Enterprises Under Micro, Small and Medium Enterprises Development(MSMED) Act, 2006, the Micro, Small and Medium Enterprises(MSME) are classified into two categories 1. Manufacturing Enterprises: These are those enterprises which are engaged in the manufacture or production of goods relating to industry specified in the first schedule to the industries(Development […]
Objectives of Ind As 105 A) Non-Current assets held for sale i) are presented separately from other assets in the Balance Sheet ii) as their classification will change and iii) the value will be principally recovered through sale transaction rather than through continuous use in operations of the entity. B) Results of Discontinuing Operations should […]
Do I believe in arbitration? I do. But not in arbitration between the lion and the lamb, in which in the morning the lamb is found inside the lion. – Mr. Samuel Gompers Besides all the advantages and amenities available to refer the disputes to arbitration, it is one of the cornerstone drawbacks of the […]
