With an increasing Corporate Governance norm and to protect the interest of the Stakeholders, MCA introduces a chat box to assist with statutory filings and artificial intelligence for User Guidance. There are billions of Corporates in India, registered with the RoC, that use the Ministry’s MCA21 portal for statutory compliance.
It kind of feels like everything is expensive these days, right? Petrol prices,fruits and vegetable prices, grocery bills, etc. It is so shocking to see that prices have increased so significantly for the same quantity you were getting a year before.Well, you guessed it right!
The National Pension Scheme is a national social security initiative launched by the Central Government with a motive to encourage many sala- ried employees to invest a small amount of money in their pension account during their course of employment.
The Reserve Bank of India has instituted a new mechanism to enable international trade settlement in Indian Rupee (INR). The central bank notied this on July 11, 2022. The move comes as several countries, led by the US and EU, have imposed sanctions on countries
every company who has 10 or more employees (male/female) is required to comply with the provision of Prevention of Sexual Harassment Act (POSH). In an attempt to enable a safe working environment for women, the sexual harassment of women at workplace.
Bootstrapping is a common word used in the startup funding. Every emerging startup has gone through bootstrapping phase. It is a one of the famous modes of financing for startups. This article will help you to understand Bootstrapping phase.
The Companies Act, 2013 as well as LODR have provisions for the compulsory formation of certain committees and have also prescribed for the specific activities to be carried out by such committees.
BNPL (Buy Now Pay Later) has been around for quite some time in India. However, the pandemic pushed its adoption among the masses at an unprecedented pace. According to a Research and Markets report, in India, Buy Now Pay Later is expected to grow by 89.5% on annual basis to reach US$ 6927.4 million in 2022.
Companies have been granted a year to adopt the Ministry of Corporate Aairs’ most recent accounting software upgrade, which allows them to use the audit trail (edit log) feature. According to a decision taken this year, private limited companies will be required to have an audit trail starting April 1, 2022.
The world has started moving towards sustainable living which has given rise to the use of electric vehicles in daily life. The government, in a bid to promote the transition to renewable resources
As per clause (iv) of section 28 of the Act, the value of any bentor perquisite, whether convertible into money or not, arising from business or exercise of - profession .
Government e-Marketplace, shortly known as GeM, is a digital platform that enables buying and selling of goods and services. GeM portal is a paperless; contactless and cashless online marketplace.
Virtual Digital Assets, especially cryptocurrencies & Non-Fungible Tokens (NFTs), have gained tremendous popularity in recent times and the volumes of cryptocur- rency trading has increased substantially.
E-Invoicing is being implemented in a phase manner since October 2020. The CBIC has notified that e-invoicing will be applicable from 1st April 2022 for busi- nesses with a turnover of more than Rs.20 crores
Up until now, the digital world has not affected the banking business in India but with the Reserve Bank getting ready for the digitisation of the Rupee, this move could perhaps be history in the making where such a bold move has been put forth by the Honourable Finance Minister today.
FinTech is a combination of the terms ‘finance’ and ‘technology’ and refers to any business that uses technology to enhance or automate financial services and processes. The term encompasses a rapidly growing industry that serves the interests of both consumers and businesses in multiple ways.
Indians are amongst the second-largest buyers of physical gold in the world. In the last few years, the boom in the digital revolution expanded to the gold market too, and it introduced a new form of investment – digital gold. Digital gold as a concept is quite new in India.
Micro, Small and Medium Enterprises (MSMEs) represent a significant part of the Indian economy and are one of the strongest drivers of economic development, innovation and employment.
The recent issuance of Bulletin Part-II on the Lok Sabha’s website has created huge havoc between the common man, investors and market players. The said Bulletin covers the ‘General Information relating to Parliamentary and other matters.
We have heard of institutions dealing with government securities at various stages and many retailers wanted to invest or trade in them.
The market share of lending through traditional channels is increasingly being ceded to new age digital lending channels like p2p platforms, digital lending apps etc.
‘E-way bill’ is an abbreviation of ‘Electronic Way Bill’. From April 2018, any person dealing with the goods will somewhat be familiar with the term e-way bill.
Crowdfunding refers to the practice of funding a project or venture by raising money from a large number of people who each contribute a relatively small amount, typically via the Internet.
In the year 2003, SEBI, vide circular no. SMD/ POLICY/ Cir - /03 dated February 6, 2003, shortened the settlement cycle from T+3 rolling settlement to T+2 w.e.f. April 01, 2003.
The Prime minister and its council of ministers on June 2 approved The Model Tenancy Act, 2021(MTA)by introducing a new codification of law, thereby altering the existing law. The new model act is expected to improve the existing laws.
Indian Government on 2nd August 2021 launched ‘e-RUPI’ which jointly developed by many Government agencies. e-RUPI is Contactless digital Platform to enable payments at any place in country
Derivative Trading i.e. trading in future and options (F&O) on stocks, currencies, and commodities has become a hot topic amongst investors. Data suggest that during last two years during pandemics the trading in shares & derivative increased substantially.
Independent Directors play crucial roles in the governance of their companies. They bring invaluable , independent , and objective judgements , views , and opinions to the Board of Directors , (in short, the Board), raise important questions on the functioning of the company and seek appropriate answers.
SME Exchange provides a great opportunity to small and medium enterprises to raise equity capital for the growth and expansion of their business.SME exchange is a stock exchange for trading the shares of small and medium enterprises
Notwithstanding anything contained in any other provisions of this Act, where tax is required to be deducted at source under the provisions of Chapter XVIIB, other than sections 192, 192A, 194B, 194BB, 194LBC or 194N on any sum or income or amount paid, or payable or credited, by a person (hereafter referred to as deductee) to a specified person
SFT (Specified Financial Transactions) or (Statement Of Financial Transactions),is report filled by 'specified persons'under section 285BA of Income Tax Act 1961 which record transactions exceeding threshold limit including investement and expenditure made by taxpayers in a Financial Year.
A crypto currency is a digital money or Virtual Currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend.
E - commerce has transformed the way of doing business and trade throughout the world. Considering the population and demand, India is a big market for E-commerce.
With a view to promote Transparency and accountability in Company Financial Statement
The Union Budget 2021 has proposed taxing the income on provident fund contributions of over Rs. 2.5 lakh a year.