WHAT IS THE DIFFERENCE BETWEEN REPO RATE AND REVERSE REPO RATE BRIEF INTRODUCTION The two Liquidity Adjustment Facility with the Reserve Bank of India are – Repo Rate and Reverse Repo Rate. Repo Rate is basically the rate of interest which the RBI, i.e. Reserve Bank of India, charges for granting loans to commercial banks. On the other hand, Reverse Repo Rate is basically …
What is Customer effect of PSU Bank merger INTRODUCTION If customers have an account in one amongst the merging bank accounts, they will expect these changes post-merger: Change In Account Details The consolidation of banks means the customers will get a replacement account number, customer id, and IFSC codes. for example, if the customers have an account in Andhra Bank and Corporation bank, the 2 bank accounts will merge …
SAFEGUARD & CHALLENGES FACED BY LOCAL CA FIRMS IN INDIA BRIEF INTRODUCTION Our Govt. believes and at the same time wants that the Global Big-8 firms should be including the 4 Indian Accounting Firms. However, this is often not going to happen until our own Govt. decides to promote local firms and thereby provides some kind of support, …
All About on Nidhi Company BRIEF INTRODUCTION It is a company incorporated in order to cultivate a habit of saving between its members or shareholders. In the Indian financial sector, Nidhi Company is seen as a mutual benefit society and they are allowed to solely take up deposits from their members and lend money to their …
Qualification & Disqualification Of Directors The Act provides for a dedicated provision, which is Section 162 that underlines the explanations that an individual might not appoint as a director. there’s no such provision regarding the qualification under the Act. However, requirements are listed as below: The said person should have completed 18 years age or above. 2. Nationality are often that of Indian or otherwise. 3. The person …
DIRECTORS AND ITS COMPLIANCES REGULATORY PROVISIONS A company is made by law and is an artificial judicial person having its distinct entity. Though the corporate is bestowed with the characteristic of a separate legal entity, it cannot make the choices on its own. Here the foremost crucial role is played by the administrators of the corporate. Directors are the eyes and brain of an organization. to hold out all the required functions and …
FUNDING MANTRA: DOCUMENTATION FOR A STARTUP BEFORE AND AFTER INVESTMENT Brilliant company ideas provide value to society in this era of startups. The early bird gets the worm, as the saying goes. Comparing millennial classics in the food tech field, such as Swiggy and Zomato food delivery, had a significant impact. The ability to conceive …
E-PERSONAL HEARING IN GST BRIEF INTRODUCTION The Bangalore Zonal Unit of Directorate of Systems and Data management was vested with the main task for development of Dispute settlement and resolution (DSR), Investigation, Audit, Mobility and E-way Bill modules. Among these, Adjudication is among the main modules in respect of compendious Dispute Settlement and Resolution (DSR) module, which is …
READ ALL ABOUT ROYALTY TAXATION UNDER INCOME TAX ACT, 1961 BRIEF INTRODUCTION Royalty refers to the payment made in any kind and the same is received as consideration for the utilization of any intangible property like patent, copyright, design or model, secret formula or process, trademark, name or for information concerning industrial, commercial or scientific experience. Royalty ensures that …
GST IMPLICATIONS ON DISCONTINUATION OF BUSINESS BRIEF INTRODUCTION Many businesses change their structure for various reasons and purposes like for betterment of business from declining phase or to extend the worth of their business or to possess potency in market competition. In recent times after the COVID 19 crisis, more businesses are restructured thanks to continuous losses or thanks to difficulties in continuation of business. A …