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An employee stock option plan (ESOP) is a frequently used incentive mechanism used by organizations. There are various reasons why company employees are given such stock options. The phenomenon of stock options is more prevalent in start-up companies that cannot afford to pay high wages to their employees but are…

Section 186 of the Companies Act 2013 sets out the loans and investments that a company can make. It states that the company can invest through more than two layers of investment companies. This article will discuss the loan and investment by the company. Table of Contents Applicable Provisions and…

Businesses that collect taxes from the general public are bound by the principle of public trust as the general public who pays such taxes to corporate entities is under the belief that whatever is collected from them, the same will flow to the government. This article will provide an insight…

The RBI has announced that to consolidate existing reporting frameworks for various types of foreign investment in India, it will introduce a Single Master Form (SMF) covering all available reports. The Reserve Bank is launching an online application, FIRMS (Foreign Investment Reporting and Management System), which will provide SMF. This…

The presumptive scheme option has always been an exciting and confusing story for taxpayers. As the 2016 Budget comes into effect from FY 2016-17, there have been some important additions/deletions in the system, which you should be aware of. The presumptive tax scheme is designed to provide relief to small…

Great! You have the ideal business concept, are motivated, have a supportive team, and are eager to get started. But hold on! Have you given any thought to the kind of business you plan to start? Number of directors How much cash do you have available for disposal? What course…

Insurance auditors while conducting insurance audits will review credit policy and procedures, tax records, risk assessments, and other financial records of insurance. This is done to ensure that appropriate insurance standards and premiums are applied and that insurance companies adhere to the rules. Some of the key areas to be…

  In the current context, the world is heavily focused on social and environmental actions. Businesses themselves, in addition to their common goal of making a profit, participate in activities that promote social, economic, cultural, and environmental growth. The world today is so well connected and well connected that access…

The launch of the Legal Entity Identifier (LEI) was intended to improve the quality and accuracy of financial data systems to better manage risk following the evolution of the Global Financial Crisis. This allows the party's financial transactions throughout the world to be tracked. The Reserve Bank of India ordered…

The Foreign Exchange Management Act, of 1999, was approved by the Indian Parliament. Its mission is to consolidate and revise foreign currency legislation to facilitate external commerce and payments, as well as to encourage the orderly growth and maintenance of India's foreign exchange market. Section 15 of the Foreign Exchange…