New clothes, sharing sweets, bursting crackers and lighting up our homes – The Diwali mode is on! But are you aware that the festival of lights also provides productive financial lessons? 1. Safety First When it comes to bursting crackers, parents instruct their kids to stay safe for avoiding any mishaps. Similarly, in our life, […]
The relevant Accounting Standards relating to Employee Benefits are the following:- a. INDAS 19 b. IAS 19 c. AS 15 There is no major difference between INDAS 19 and IAS 19.Therefore, the following descriptions relate to both INDAS 19 and IAS 19. Statements of Profit and loss and other Comprehensive income, Statement of changes in […]
In this article we will discuss in detail about an innovative source of funding which are called as Masala Bonds in international financial market. Masala Bonds is named after Indian spices to promote Indian culture and heritage throughout the world.
Analysis of Section 134 of Companies Act, 2013 1) Signing Of Financial Statement : – Chairperson of the Company (if authorised by the board of directors) OR – 2 Directors (out of which 1 shall be Managing Director) AND – CEO/CS/CFO (if they are appointed in the Company) Note : In Case Of One Person […]
Bank deposits of every licensed bank are protected up to Rs 1 lac through Deposit Insurance and Credit Guarantee Corporation (DICGC) under the scheme of Deposit Insurance
MCA has notified the Companies Incorporation Eighth Amendment Rules, 2019 on 16th October, 2019. There are three amendments under the Companies Incorporation 8th Amendment Rules, 2019.
MOA –MOA in legal terminology means memorandum of association of a Company as originally framed or as altered from time to time in pursuance of Companies Act, 2013 or any former Company laws.
CIBIL stands for Credit Information Bureau (India) Limited which is a part of “transunion” an american multinational group. It maintains credit files of around 600 million individuals and 32 million businesses. TransUnion is one of four credit bureaus operating in India and is majorly trusted by banks and Financial institutions due to its greater reliability and […]
Ministry of Corporate Affairs (MCA) vide its Notifications dated 22/10/2019 has introduced – – Companies (Appointment and Qualification of Director) Fifth Amendment Rules, 2019, – Companies (Creation and Maintenance of databank of Independent Directors) Rules, 2019 and – Companies (Accounts) Amendment Rules, 2019. which shall come into force w.e.f. 01/12/2019. Companies (Appointment and Qualification of […]
Organising your business in the form of Private Limited Company has got its own advantages such as Limited Liability of the owners, Perpetual existence, Better Image and credibility among stakeholders, separate legal entity and improved Borrowing Capacity and so on. A company enjoys better avenues for borrowing of funds. It can issue debentures, secured as […]
