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FAQs on PAS-6 FAQs on PAS-6, it refers to the submission of approval of the audit report on the share capital (half-yearly) of unlisted public companies. The purpose of this form is to recognize any difference between the issued capital and the capital held in the dematerialized form of the…
A global language used for company reporting, XBRL is used to transmit financial and business data electronically. The analysis, preparation, and sharing of company information are facilitated by XBRL filing. Now we will have a look into the How to File Financial Statements in XBRL Format? TABLE OF CONTENT What…
The Ministry of Corporate Affairs, New Delhi recently issued a significant notification dated 27 October 2023, amending Limited Liability Partnership Rules (LLP), 2009. The amendment introduces key changes relating to Register of partners and declaration of beneficial interest in any contribution. In this article we will delve into the Significant…
Women Reservation Bill brings a change from GruhLaxmi to Mahalaxmi which represents an evolution toward greater empowerment and representation for women in the political domain. India has made remarkable steps in recent years that have increased women's political and spiritual empowerment. With the Indian government historic decision to reserve 33.33%…
The Reserve Bank of India (RBI) issued the (SBR) Scale Based Regulation Guidelines on October 19, 2023, ending the primary division of Non-Banking Financial Companies (NBFCs) into systemically important and non-systemically important NBFCs. Let us know more about Scale Based Regulation Guidelines. Table of Contents Overview of NBFC A Glimpse…
Stamp duty on shares is a tax imposed by government on the transfer of ownership of shares and securities as outlined under Companies Act 2013 and governed by Indian Stamp Act. It plays a crucial role in the financial landscape, influencing both individual investors and institutional players. This tax is…
In recent times, the Indian market has witnessed a surge in popularity among the masses in online betting and gambling. The convenience of making such payments plays a crucial role while investing in the market. Various payment platforms have been introduced in the market for a seamless and secure financial…
India's Foreign Trade Policy 2023 aims to boost exports and facilitate business conduct, focusing on the "Export Control" regime. It includes incentives for remission, cooperation promotion, ease of doing business, and developing areas, fostering trust and engagement with exporters. Now we will have a look into the new foreign trade…
AoA for Nidhi Company is a document that contains the purpose of the Nidhi Company and its operational guidelines. AoA is an important document for setting up business procedures. The day-to-day operations or daily activities that oversee the corporation are outlined in the articles of association document. Before registering a…
Businesses have a strong desire to have a positive social impact and to give back to the communities that help them. Similarly, the government contributes significantly to the improvement of society through the distribution of resources and the implementation of laws that meet popular aspirations. Moving from CSR to BSR…
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