ARTICLES

Articles

Thursday, Aug 29, 2024
Highlights of Foreign Exchange Management (Non Debt Instruments) Amendment Rules, 2024

In order to enhance the cross border investment flexibility, the government has amended the Foreign Exchange Management (Non Debt Instruments) Rules, 2019, through the Foreign Exchange Management (Fourth Amendment) Rules, 2024.

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Posted By Acquisory Knowledge Management Team
Tuesday, Aug 06, 2024
Variable Capital Companies An Investment boost for future Capital inflows in India

The Union Budget 2024-25 introduced the concept of Variable Capital Companies (VCC) in India, which will provide a significant boost to foreign and domestic capital flow into India’s alternative investment space. VCCs represent a progressive structure in the realm of investment funds, providing significant flexibility and efficiency. This structure is designed to enhance the management and operational dynamics of funds, making them more appealing to investors and fund managers alike.

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Posted By Acquisory Knowledge Management Team
Monday, Jul 08, 2024
E Commerce Accounting Reconciliation

For companies, particularly start – ups, carrying out substantial business through e-commerce marketplaces, where transactions happen at lightning speed through payment gateways, maintaining accurate financial accounting is paramount. Therefore, E-commerce reconciliation emerges as a crucial process in this landscape, ensuring businesses can navigate the complexities of revenue recognition, expense management, and regulatory compliance on time and with efficacy.

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Posted By Acquisory Knowledge Management Team
Thursday, Jun 20, 2024
Rising Exits of Independent Directors A Critical Corporate Governance Matter

In recent times, resignation of Independent Directors from Company Boards have become a trend. In most cases, without providing a clear explanation. In cases where an explanation has been provided, the main reasons behind such resignations stem from poor corporate governance and a lack of transparency in board matters. Even when the authorities tightened up on corporate governance, there has been a pattern of independent directors quitting with a statement about their resignation related to corporate governance.

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Posted By Knowledge Management Team
Wednesday, May 24, 2023
Impact of TCS on Payment for International Transactions

Tax Collected at Source (TCS) at 20% on international usage of credit / Debit / Forex cards or Foreign exchange exceeding INR 7 lakhs, from July 1, 2023.

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Posted By Acquisory Knowledge Management Team
Wednesday, Feb 23, 2022
Taxability of Virtual Digital Assets - An Overview

The Article lay emphasis on defining the Virtual Digital Assets (VDAs) and their taxability under the new provisions of the Income Tax Act. Income from transfer of any VDA shall be taxable at the rate of 30%.Further, the government proposes that with effect from July 1, 2022, tax is to be deducted on payment for transfer of VDA to a resident at the rate of 1% of consideration.

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Posted By Acquisory Knowledge Management Team
Wednesday, Dec 29, 2021
ESG – Redefining a new era of Investment

In recent times the ESG (Environment, Social and Governance) Investments have attracted wider attention from both investors and customers worldwide. These kinds of investments largely follow a triple – bottom – line approach that combines financial returns with environmental and social norms. In India the assessment of policy and legal pronouncements around ESG investing unravels some interesting patterns and paths. Businesses that understand the need to adjust to changing socioeconomic and environmental conditions are better positioned to spot growth advantages and handle competitive forces.

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Posted By Knowledge Management Team
Tuesday, Sep 21, 2021
Knowing All About Account Aggregator Network

An Account Aggregator Network is a financial data – sharing system. The network will revolutionize the investment and credit markets, and shall give millions of customers greater access and control over their financial records and expanding the potential pool of customers for lenders and fintech companies.

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Posted By Knowledge Management Team
Wednesday, Sep 01, 2021
Future of Cryptocurrency in India - A new journey

India has been on the fence for long over cryptocurrencies in the country. With the proposed legislation, a disruptive mechanism is expected to be made transparent, regulated and accessible for operators and investors and enabling value creation. The bill will facilitate formation of our own Central Bank Digital Currency.

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Posted By Knowledge Management Team
Friday, Jun 11, 2021
Global Tax Regime-Unprecedented Agreement between Major Economies

G7 Finance Ministers agreed on an unprecedented, major overhaul of global corporate tax regime. Countries to have right to tax income generated in their territories. Aim towards equitable global tax regime. Global Minimum Taxation @15%

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Posted By Knowledge Management Team
Monday, Apr 12, 2021
THE YEAR OF COVID – WE LOOK BACK TO THE FUTURE

The year of covid – we look back to the future- A year since the start of the COVID-19 pandemic, India with its structural inadequacies and population was one of the hardest hit since its greatest crisis on 1991. We look back at year gone by and take stock of the situation.

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Posted By Knowledge Management Team
Monday, Jan 11, 2021
Record low GDP, Record High Stock Market - Why such dichotomy

Global economy is in recession but shares are at record high. What seems to be driving the dichotomy? Global lockdown dragged the world economy into recession with many countries experiencing massive GDP contraction.

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Posted By Supratik Mukherjee
Friday, Dec 04, 2020
RBI Committee Recommends Corporate Ownership Of Private Sector Banks In India-Risks far outweigh benefits

RBI released the Internal Working Group (IWG) report that reviewed the existing licensing and regulatory guidelines relating to ownership, control, and corporate structure of private sector banks in India. At a time when our economy is in doldrum and the financial institutions are facing serious capital crunch, these recommendations of the IWG raises several questions.

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Posted By Knowledge Management Team
Wednesday, Nov 04, 2020
India’s Indebtedness Reaching An Inflection Point – Is There A Silver Lining

The festival season may have masked underlying fears for our economy, and our equity markets may have rebounded amidst pandemic woes, but a looming worry is that Covid-19 will distort India’s Debt : GDP ratio to record high levels.

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Posted By Supratik Mukherjee
Thursday, Oct 01, 2020
Economy-Uncertain Times Require Fiscal Forbearance

A drastic contraction of 23.9% in quarterly GDP has taken our economy to FY 2014 quarterly levels. With COVID - 19 cases continuing to soar, and no new fiscal stimulus announced by the Government, our economy’s short-term decline is set to continue in the foreseeable future.

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Posted By Knowledge Management Team
Thursday, Mar 26, 2020
COVID - 19-Looming Stagflation

In an unprecedented move, in the face of COVID – 19, India locked itself down for 3 weeks. The economic repercussions of lock down are expected to be felt for months. With a large population, and already faltering growth rate, India will need to choose between fiscal prudence and keeping our economy afloat.

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Posted By Knowledge Management Team
Wednesday, Oct 09, 2019
Mergers of Banks- An Ill-timed move

On August 30, 2019, Government of India announced a major reform in the banking sector by merging large PSU banks. The plan is to merge 10 state-owned banks into four larger ones Banking mergers have been happening frequently in the last few years, but this time, the consolidation will leave only 12 PSU banks instead of 27 (as in 2017).

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Posted By Knowledge Management Team
Monday, Jun 17, 2019
Modified Government - will the corporates have more-Acche Din

" The seven phased General elections concluded on 19th May, 2019. 23rd May, 2019 witnessed the return of the incumbent government with a larger majority.
Based on the work done in its previous tenure, we expect renewed focus on certain major policy areas in the next five years.
Few of the main areas have been Digitization, ease – of doing business, strengthening of the MSME sector, encouraging the start-ups, and streamlining of the Taxation regime. The expected impact on each of these sectors have been discussed further in this Article. "

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Posted By Knowledge Management Team
Monday, Jun 18, 2018
Bond ETF – A New Tool of Investment

Bond exchange traded funds (ETF), similar in structure and intent to the stock ETF, could debut soon in India, where the government is seeking to enhance liquidity in debt investments and expand the scope for retail savings.

Bond ETFs permit both retail and institutional investors to take exposure in a larger pool of fixed income securities than they normally could have access to. Multiple bonds are clubbed in smaller chunks defined by the ETF price and size, catering to all appetites. Bond ETFs, perceived to be helping enhance debt-market liquidity, have gained currency in G-7 countries.

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Posted By Knowledge Management Team
Monday, Jun 18, 2018
IBC-New Amendments Strengthning The Spirit Of The Law

The Cabinet has approved a promulgation of an ordinance to amend the 16-month-old Insolvency and Bankruptcy Code (IBC).
The present amendment is based on recommendations of a 14-member government appointed committee that had last month suggested a slew of measures, including addressing difficulties of home buyers and making recoveries easier for lenders plus disqualifying certain classes of promoters from back door entry into the resolution process.

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Posted By Knowledge Management Team
Tuesday, May 15, 2018
Fugitive Economic Offenders (FEO) Ordinance, 2018 – Apprehend The Defaulters

“Fugitive Economic Offenders Ordinance preamble states - A Bill to provide for measures to deter economic offenders from evading the process of Indian law by remaining outside the jurisdiction of Indian courts. ”

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Posted By Knowledge Management Team
Monday, May 14, 2018
Angel Tax Abolished – Partial Relief for Start Ups

“ Department of Industrial Policy and Promotion has announced “waiver conditions” for “Angel tax”. Start-ups from now on may avail of the tax concession only if total investment, including funding from angel investors (those who make the initial equity investment) does not exceed Rs.10 crores. ”

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Posted By Knowledge Management Team
Monday, Apr 16, 2018
RBI Regulations on Cross Border Mergers

“This notification could boost foreign direct investment into the country. The notification of FEMA (Cross Border Merger) Regulations, 2018, is the last leg of legal provisions which allows both inbound and outbound mergers of companies in India. The real beneficiaries of these regulations would be MNCs which in many cases want to consolidate the business of a region and require mergers involving an Indian company with other companies in foreign jurisdictions ”

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Posted By Knowledge Management Team
Monday, Apr 16, 2018
Role of National Financial Reporting Authority

“Union Cabinet has now approved the proposal for establishing the National Financial Reporting Authority (NFRA), intended to serve as an independent regulator for the auditing profession.
We believe establishment of NFRA as an independent regulator for the auditing profession will improve the transparency and reliability of financial information presented by listed and unlisted companies in India. ”

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Posted By Knowledge Management Team
Monday, Mar 12, 2018
Implementation of new IFRS Revenue Recognition Standard

" India will have a new revenue recognition standard outlining a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers. This supersedes most current revenue recognition standard.
In brief, the new standard seeks to streamline, and remove inconsistencies from, revenue recognition requirements; provide a more robust framework for addressing revenue issues; make revenue recognition practices more comparable; and increase the usefulness of disclosures. "

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Posted By Knowledge Management Team
Monday, Mar 12, 2018
Unregulated Deposit Schemes And Chit Funds Bill-2018

" Recently, the Union cabinet has given its nod to table The Banning of Unregulated Deposit Schemes and Chit Funds (Amendment) Bill, 2018 in the Parliament, in order to curb, fraudulent deposit/ Ponzi schemes which had collected and laundered huge amounts of money from large section of people, exploiting their finances and greed for quick and high return. "

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Posted By Knowledge Management Team
Monday, Feb 12, 2018
E-Way Bill – A new Opportunity for Easy Transit

" An e-way bill is a document that a person in charge of a conveyance carrying any consignment of goods of value exceeding Rs 50,000 is required to carry. It is a mandatory document that is generated from the GST Common Portal by registered persons or transporters who undertake movement of goods. A transporter needs to generate the e-way bill before the movement of goods commences. "

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Posted By Knowledge Management Team
Monday, Feb 12, 2018
Budget 2018 – Game Changer or lacking vision

" The Budget 2018-19 has primarily focused agriculture, rural development, health, education, employment, MSME and infrastructure sectors. It came against the backdrop of a raft of reforms, economic slowdown and fiscal stress.
These series of structural reforms will propel India among the fastest growing economies of the world. the Budget seems rather lacklustre for the investor community, especially global investors as their long standing demands such as clarity over indirect transfer tax, General Anti-Avoidance Rules (“GAAR”) and reforms for start-up investments have remained unfulfilled.

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Posted By Knowledge Management Team
Thursday, Jan 11, 2018
A Paradigm Shift in Insolvency & Bankruptcy Code, 2017

“The Parliament approved amendments to the Insolvency and Bankruptcy Code Bill to bar owners of defaulting firms from bidding to buy back assets when they are auctioned as part of bankruptcy proceedings.
The code proves to be a learning experience as it is the first time that such jurisprudence has been introduced in India. Overall, the Bill broadly appears to be clarificatory in nature. Although the intentions are laudable, it remains debatable if the imposition of a blanket ban on the existing promoters, without taking into account the causes of failure of an enterprise, is effective. It ca

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Posted By Knowledge Management Team
Thursday, Jan 11, 2018
Financial Resolution and Deposit Insurance Bill, 2017- Government as an Effective Overseer

“The Financial Resolution and Deposit Insurance (FRDI) Bill proposes to create a framework for overseeing financial institutions. The 'Resolution Corporation', proposed in the draft bill, would look after the process and prevent the banks/ financial institutions from going bankrupt. The draft bill empowers Resolution Corporation to cancel the liability of a failing bank or convert the nature of the liability which has become a controversial issue.”

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Posted By Knowledge Management Team
Thursday, Dec 14, 2017
Brief Overview On The India’s Ranking In World Bank’s Doing Business Report 2018

“India ranked 100th out of 190 countries after it implemented reforms in most macro indicators viz, starting a business, obtaining credit, paying taxes and resolving insolvency. For the first time, India jumped 30 positions to be counted the top 100th in terms of ease of doing business ranking.
The World Bank's Ease of Doing Business index ranks the nation based on the 10 indicators. These indicators are: Starting a business, Dealing with construction permits, Getting electricity, Registering property, Getting credit, Protecting minority investors, Paying taxes, Trading across borders, Enforc

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Posted By Knowledge Management Team
Thursday, Dec 14, 2017
Registered Valuer And Valuation Rules Provisions Notified By Mca- Rules Laid Out

“MCA has notified the provisions governing valuation by registered valuers [section 247 of the Companies Act, 2013 (the Act)] and the Companies (Registered Valuers and Valuation) Rules, 2017 (the Rules), both to come into effect from 18 October, 2017. In addition, the MCA has specified the Insolvency and Bankruptcy Board of India (IBBI) as the responsible authority.
The notified Rules lays down the criteria for individuals, partnership entities and companies to be eligible to be registered as valuers under the Act. Apart from this, the Rules contain other aspects pertaining to registered valu

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Posted By Knowledge Management Team
Friday, Nov 17, 2017
Real Estate- GST to Streamline Transactions

The Government from quite a time is considering to bring the real estate sector under GST.
The sector is unique because it is an immovable property and is also bound by State laws.

If GST is applied on land and immovable property, the buyer has to pay one tax at uniform rate across states (eg stamp duty varies state wise). Implemented efficiently and effectively, one GST for real estate across the country will streamline the transaction and, increase income transparency, lower the cascading effect of taxtaion. How the states will agree to this and what changes have to be made to compensate

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Posted By Knowledge Management Team
Wednesday, Nov 15, 2017
Crowdfunding – A Concept to be Gauged

Crowdfunding — is finally gaining traction in India. It’s a big opportunity for individuals for new company trying to raise small amounts of money who can’t get funded by traditional means, either because of their credit score or the high interest rates. The amounts they are interested in may be too small for traditional lenders. Crowdfunding is a great way to get a small project through.
Crowdfunding can be divided into donation-based (charity/personal causes), debt-based (peer to peer) and equity-based. Crowdfunding is still in a nascent stage in India. However, its market potential is huge

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Posted By Knowledge Management Team
Wednesday, Oct 11, 2017
Bitcoins – A Disruptor Or Portent For Future

“Bitcoins are intended to be digital currency, where buyers and sellers use them and eliminate all the other mediums such as credit cards, ATM Machines etc. Bitcoins will prove to be safer than carrying plastic cards and which shall be an international currency with no exchange transaction fees.”

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Posted By Knowledge Management Team
Wednesday, Oct 11, 2017
Insolvency and Bankruptcy Code - IBC-BOON OR BANE

“The IBC has been a real game changer in the Indian economy’s business reform initiatives in the last twenty five years. Ease of doing business is ironically the base premise for enacting the comprehensive Code to exit from the business.”

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Posted By Knowledge Management Team
Thursday, Sep 14, 2017
Cash Transactions – New Curbs & Initiatives

The Government has taken several steps for discouraging cash transaction and promoting digital payments. Proposed Initiatives: -

Restriction on receiving Cash above Rs. 2 Lakhs [Section 269ST & 271DA of the Income Tax Act, 1961], Restriction on Capital Expenditure for Business in Cash above Rs. 10000/- [Section 32 of the Income Tax Act, 1961], Reduction in the limit of Cash Payment to Rs. 10000/- in a Day [Section 40A(3) & 40A(3A) of the Income Tax Act, 1961], Lower Presumptive Profit of 6% for Cheque/ Digital Receipts by small businesses [Section 44AD of the Income Tax Act, 1961] and est

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Posted By Knowledge Management Team
Thursday, Sep 14, 2017
Companies (Amendment) Bill 2017 – Simplification of Procedures

The Companies (Amendment) Bill, 2017 first introduced in March 2016 in the Lok Sabha, the Bill seeks to make important changes to the Companies Act of 2013 in relation to the structuring, disclosure, and compliance requirements for companies. The Bill has now been approved by Lok Sabha in July 2017 and is awaited to be passed in Rajya Sabha.

Major amendments proposed in the Companies (Amendment) Bill, 2017- simplification of the private placement process, rationalization of provisions related to loan to directors, omission of provisions relating to forward dealing and insider trading, doing

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Posted By Knowledge Management Team
Friday, May 12, 2017
RERA Implementation – How Effective

“The much-awaited Real Estate Act has come into force from May 1st, 2017 but only 13 states and Union Territories have so far notified rules under the Act. The Real Estate (Regulation and Development) Bill, 2016 was passed by Parliament in March last year and all the 92 sections of the Act come into effect from May 1. ”

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Posted By Knowledge Management Team
Wednesday, May 10, 2017
Cross Border Merger and Acquisition – An Accelerative Approach

"Ministry of Corporate Affairs (MCA) has recently vide notification dated 13th April, 2017 has notified Section 234 of the Companies Act, 2013 (‘Act’) which deals with Merger or amalgamation of company with foreign company now allowing the merger or amalgamation of Company with foreign company. The corresponding rules have also been notified in consultation with Reserve Bank of India (RBI) for implementation of the said section. MCA has issued the Companies (Compromise, Arrangements and Amalgamation) Amendment Rules, 2017 inserting Rule 25A and Annexure B in prescribing rules in the Companies

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Posted By Knowledge Management Team
Tuesday, May 09, 2017
The Telecommunication (Broadcasting and Cable) Services Interconnection (Addressable Systems) Regulations, 2017

"Telecom Regulatory of India (TRAI) had rolled out a draft telecom tariff order (TTO) in October 2016. Post final approval from supreme court of India TRAI rolled out Tariff Order and New Interconnection regulation on 03 March 2017. This time TRAI have attempted to ensure transparency, non-discrimination, consumer protection and create an enabling environment for orderly growth of the sector. "

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Posted By Knowledge Management Team
Wednesday, Aug 16, 2017
Green Bonds – A new concept for Indian Securities Market

“Green Bonds are the one of the kinds of debt instruments, wherein the issuer gets capital from the investors only if the investment (capital) is being raised to fund green projects relating to renewable energy or emission reductions etc. In order to regulate the Green Bonds market in India the Securities Exchange Board of India (SEBI) in May, 2017 came out with a circular stating the disclosure requirements for issuance and listing of Green Debt Securities in India. Such guidelines demonstrates SEBI’s recognition of the increasing need of dedicated funds for clean energy projects”

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Posted By Knowledge Management Team
Wednesday, Aug 16, 2017
Final Rules on Valuation of Unquoted Shares Notified – An Analysis

“CBDT has notified the final rules prescribing ‘fair market value’ method for valuation of unquoted shares. The amended rules are called the Income-tax (20th Amendment), Rules, 2017 for Sections 56(2)(x) and 50CA, are broadly in line with the draft rules released by the CBDT in May. The amended rules shall come into force from April 1, 2018 and shall apply in relation to assessment year 2018-19 and subsequent years.”

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Posted By Knowledge Management Team
Friday, Jul 14, 2017
Digital Economy- A New area in a State of Formation

“Digital economy is about transforming the many facets of business interactions and transactions and also enabling economic innovations. For example, the digital
economy both is enabled by and has given rise to the advent of new digital currencies and payment processes, for example Bitcoin and the digital wallets.”

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Posted By Knowledge Management Team
Friday, Jul 14, 2017
GST – A Brief Outlook

“GST is a single tax on the supply of goods and services, right from the manufacturer to the consumer. Credits of input taxes paid at each stage will be available in the subsequent stage of value addition, which makes GST essentially a tax only on value addition at each stage. ”

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Posted By Knowledge Management Team
Thursday, Jun 08, 2017
Draft ICDS on Real Estate Transactions – An Analysis

Post introduction of RERA, the government has published the draft Income Computation and Disclosure Standards (ICDS) on Real Estate Transactions to streamline accounting standards in Real Estate. ICDS are a set of accounting policies and standards used for computing taxable income and not for maintaining books of accounts The main highlights of the draft ICDS –
• Defining how revenue and costs are to be recognized;
• Defining components of project costs for computation of taxes;
• Defining valuations of inventories;
• Treatment of Transferable Development Rights; and
• Other items crit

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Posted By Knowledge Management Team
Thursday, Jun 08, 2017
Socially Responsible Investing – An Overview

"Socially Responsible Investing (SRI) is a concept where investors invest in companies working in socially and environmental responsible ways. The focus is on sustainable, socially conscious, green and ethical investing. SRI seeks to balance financial return and social good at the same time. SRI investors apply various environmental, social and governance (ESG) criteria in their investment analysis and selection. It is observed that, while globally SRI has emerged as one of most powerful trends among the investment community of the developed world, the concept is still in a nascent stage in In

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Posted By Knowledge Management Team
Monday, Apr 10, 2017
Insolvency and Bankruptcy Code 2016 – Role of Professionals under the Code

“The Insolvency and Bankruptcy Code 2016 seeks to address the issues faced currently in the context of insolvency and winding up. The code simply aims to revamp the prevailing bankruptcy laws and replace them with more simpler and time bound closure of business.
This area of law has given an opportunity to the professionals like CA/CS/LLB/CWA to act as Insolvency Professionals / Insolvency Professional Agencies.”

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Posted By Knowledge Management Team
Monday, Apr 10, 2017
Finance Act 2017 – An Overview

“The Finance Act has come into force w.e.f. 1 st April, 2017 while providing some relief to lower income groups by way of lower tax slabs. The Act has introduced stringent amendments in taxation laws. Continuing on its endeavour for a transparent system the government has also made AADHAR mandatory for tax filing from 1 st July, 2017 and mandatory disclosure of cash transactions for the demonetization period. Various other amendments has been taken up in the Finance Act, 2017 which shall keep an overall track of the taxation provisioning for all types of assessees.”

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Posted By Knowledge Management Team
Thursday, Mar 09, 2017
Affordable Housing – An opportunity for both buyer and seller

In the recent Budget of 2017, the Government has accorded infrastructure status to affordable housing and taken other steps, including a pledge to build one crore rural homes in two years to help provide housing for all by 2022.
Accordance of infrastructure sector status to this segment of real estate will help increase the much needed supply of affordable homes. Developers are expected to have access to cheaper institutional funds (including ECBs, insurance and pension funds) and tax exemptions to improve margins, which may induce developers to provide such housing.
Buyers, especially for

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Posted By Knowledge Management Team
Wednesday, Mar 08, 2017
FinTech – A new concept in the era of Digitization

FinTech describes a business that aims at utilizing modern technology and software to provide efficient and superior financial services platform to institutions and end users. FinTech companies are accelerating the pace of change and are reshaping the financial services industry radically. Financial service providers like banks are recognizing the potentials of the FinTech. It is clear, however, that the disruptive innovations of FinTech cannot wholly eliminate or completely decimate the traditional banking or finance, but is expected to go a long way in establishing a clear footprint towards

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Posted By Knowledge Management Team
Friday, Feb 17, 2017
ISSUE OF CONVERTIBLE NOTES BY START UPS – A BIG LEAP

"The Reserve Bank of India (RBI) vide Notification dated 10th January, 2017 introduced a new instrument for Start up companies named as ‘Convertible Notes’ by amending the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2000 (Regulations) through issue of Foreign Exchange Management (Transfer of Issue of Security by a Person Resident Outside India) (Fifteenth Amendment) Regulations, 2016 (Amendment)."

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Posted By Knowledge Management Team
Monday, Feb 13, 2017
GST – A ROLLOUT PLAN

“GST shall strive to make India a One Tax Nation proving to be biggest reform to check misreporting or non reporting of the transactions in the books of account.
GST would be critical step to redefine the policy mechanism. Basic exemption threshold would be reduced to an annual turnover of INR 20 Lakhs.”

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Posted By Knowledge Management Team
Thursday, Jan 12, 2017
Start up India – Progress so far

"It is seen that the last two years have seen a swing of initiatives and agendas announced by the government – starting with National Digital Literacy Mission with its worthwhile agenda of enabling one person in each Indian family to have digital skills, we have seen Swach Bharat Abhiyan, Make in India, Start up India and the more recent demonetization drive and the ‘Cashless India’ opportunity capturing the imagination of the country. "

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Posted By Knowledge Management Team
Wednesday, Jan 11, 2017
A NEW WAY AHEAD OF DEMONETIZATION – DIGITAL AND CASHLESS ECONOMY

"In the repercussion of the cancellation of the legal tender character of old INR 500 and INR 1000 notes, there has been a surge in the digital transactions through use of credit/debit cards and mobile phone applications/e-wallets etc. To further accelerate this process, the Central Government has come out with various incentive packages and measures for promotion of digital and cashless economy in the country. Digital India is a programme initiated to prepare India for a knowledge future. "

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Posted By Knowledge Management Team
Wednesday, Dec 07, 2016
An Insight – Taxation (Second Amendment) Bill, 2016

"In order to bring more clarity and to capture the possible concealing black money, the Taxation Laws (Second Amendment) Bill, 2016 (“the Bill”) was introduced in Parliament to amend the provisions of the Income Tax Act, 1961 (Act) to ensure that defaulting assesses are subjected to tax at a higher rate and with stringent penalty provision."

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Posted By Knowledge Management Team
Wednesday, Dec 07, 2016
Demonetization of the Indian Currency - Effect on the Economy

“A recent move of the Central Government exercising its powers u/s 26(2) of the Reserve Bank of India Act, 1934, to withdraw the legal tender character of existing bank notes in denominations of ₹ 500 and ₹ 1000 issued by Reserve Bank of India (RBI) is unprecedented. The demonetization of ₹ 500 and ₹ 1000 banknotes was a policy enacted by the Government of India on 8th November, 2016. All ₹ 500 and ₹ 1000 banknotes of the Mahatma Gandhi Series ceased to be legal tender in India from 9th November, 2016”

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Posted By Knowledge Management Team
Tuesday, Nov 08, 2016
Real Estates Rules Tightened – A Check on the Real Estate Market

“Real Estate Rules Notified - 70% Of Unused Amounts Collected For Ongoing Projects To Be Kept In A Separate Bank Account, Promoters To Declare Original Sanctioned Plans, Changes Made Later, Fresh Timeline For Completion of Ongoing Projects Registration of Projects With Regulatory Authorities Incentivized By Reducing Fee Substantially, Interest To Be Paid Both By Promoters and Allottees Is SBI Marginal Cost Lending Rate Plus 2%, Promoters to Make Public A Host of Information And Report Quarterly Progress To Enable Informed Decisions By Buyers”

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Posted By Knowledge Management Team
Tuesday, Nov 08, 2016
Real Estate Asset Management – A paradigm shift in Indian Investment Market

India was a top investment destination in the mid to late 2000’s. Even after the Global meltdown of 2008 India has remained one of the top investment destination and it continues to show a vast potential for foreign investment and foreign players.

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Posted By Knowledge Management Team
Friday, Oct 07, 2016
Cyber Security Due Diligence in M&A Transactions – A Prerequisite

Cyber Security Due Diligence is defined as the review of governance, processes and controls that are used to secure information assets.

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Posted By Knowledge Management Team
Tuesday, Sep 06, 2016
The Maternity Benefit (Amendment) Bill, 2016 – A Transformation in the Labour Law

The much awaited transformation in the Labour Law empowering women employment, the Maternity Benefit (Amendment) Bill was passed by Rajya Sabha on 11th August, 2016. While the bill is yet to be passed in Lok Sabha. The bill highlights the increasing the period of maternity leave from 12 to 26 weeks for Organized Formal Sectors.

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Posted By Knowledge Management Team
Thursday, Jul 07, 2016
Model GST Law – A Tax Law Transformation

"The GST Act 2016 has been for the first time made public in June 2016 by the Indian Government. The government is planning to introduce the Act w.e.f. 1st April, 2017 and proposes to pass the 122nd Constitutional Amendment bill, 2014 in the upcoming monsoon session of the parliament”

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Posted By Knowledge Management Team
Tuesday, Sep 06, 2016
Masala Bonds – A New-fangled way of raising money

“Masala Bond is a kind of financial instrument through which Indian entities can raise money from overseas Markets in rupee and not in foreign currency. Indian rupee denominated bonds issued in offshore Capital markets.”

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Posted By Knowledge Management Team
Wednesday, Aug 03, 2016
Brexit – An Open Challenge for The Indian Economy

“Withdrawal of United Kingdom (UK) (Britain) from the European Union (EU) is termed as Brexit, it is term that refers to the June 23, 2016 referendum where the British voters agreed to exit the EU. The referendum shook the global markets leading to downfall in the currency British pound to its lowest level in decades”

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Posted By Knowledge Management Team
Wednesday, Aug 03, 2016
NCLT and NCLAT Rules 2016 – A Transformation in the Corporate Law Judiciary

“National Company Law Tribunal (NCLT) and National Company Law Appellate Tribunal (NCLAT) under the Companies Act, 2013 was notified by the Ministry of Corporate Affairs (MCA) on 1st June, 2016. For the working of the provisions of the sections for establishment of NCLT and NCLAT, the Government has now provided with the rules governing the functioning of the tribunals.”

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Posted By Knowledge Management Team
Tuesday, Jun 07, 2016
Insolvency and Bankruptcy Code 2016 – A dawn in the era of Credit Market Laws

"A transformation in the Indian Economic reform with the passing of the Insolvency and Bankruptcy Code 2016 (hereinafter referred as ‘Code’) with regard to the functioning of the credit market in India. This shall provide a big boost to Ease of doing business in India. The law has been enacted with a vision to encourage entrepreneurship and innovation which will further boost the startups in India. "

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Posted By Knowledge Management Team
Tuesday, May 03, 2016
The Real Estate (Regulation and Development) Act, 2016 – Effect on the buyer and developers of the Property

“Real Estate (Regulation and Development) Act, 2016 established to regulate and keep an eye on all the norms applicable on real estate industry – setting up of RERA and real estate appellate tribunals.”

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Posted By Knowledge Management Team
Monday, May 02, 2016
Start – up India – A Campaign to Boost the Business in India

“Startup entity means an entity incorporated or registered in India not prior to five years with an annual turnover not exceeding 25Cr and can be in the following forms- Partnership firm, LLP or a Private Limited Company”

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Posted By Knowledge Management Team
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