Why India has become a hotspot for foreign investments?
Foreign direct investment (FDI) is an important source of non-debt finance and hence a factor in the economic development of a country. Apart from supplementing domestic investment, it brings with it internationally available technologies, managerial skills and practices, and new employment opportunities. Although India has been a preferred destination for foreign investors for long, the…
Relief for statutory compliances under GST, Income Tax and others
Highlights of FM Press Meet dated 24th March 2020 GST Due date extensions – The due dates for GSTR-3B for March 2020, April 2020 and May 2020 is extended up to 30th June 2020 for those with an annual aggregate turnover of up to Rs 5 crore. The due date for filing annual returns are…
What is CFO Service? How to know if you need one?
Customers and money are two things that fuel every business. But, having money alone doesn’t suffice. There are several factors and risks that revolve around money. So, you need someone who can manage your finances at the enterprise level, and maintain the financial health of your organization. No, we aren’t referring to hiring an accounts…
How to deal with a Fraud Suspect in your Company?
It’s shocking to discover a fraud suspect in your company. But, you should know what to do after suspecting it. It will help you minimize damage, and prepare you for its effects on 0your business. So, here are the 5 steps you must take after suspecting a fraud. Step-by-Step Guide to deal with a Fraud…
Valuation of ESOPs and Accounting of ESOPs
Important Definitions: Employee Stock Option is a contract that gives the employees of the enterprise the right, but not the obligation, for a specified period of time to purchase or subscribe to the shares of the enterprise at a fixed or determinable price. Exercise means making an application by the employee to the enterprise for…
Practical issues in Share Valuations for Companies under Companies Act and Income Tax
With effect from 1st February 2019, Companies Act, 2013 has brought in effect Valuations from Registered Valuers duly registered with Insolvency and Bankruptcy Board of India (IBBI). There are three categories of Valuers and an approximate number of valuers registered with IBBI as on 22nd Feb 2019 are as under: Plant & Machinery – 90…
Registered Valuers u/s 247 of Companies Act, 2013 – Securities Or Financial Assets
What is Registered Valuer ? Section 247 of the Companies Act, 2013 mandates that all valuations required under Act shall be carried out by Registered Valuers only. Similarly, as per Insolvency and Bankrupcy Code, only Registered Valuers shall be eligible to carry out the valuations. Insolvency & Bankrupcy Board of India (IBBI) shall be the…