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Complete Understanding on collapse of Yes Bank BRIEF INTRODUCTION YES Bank has joined the growing list of financial institutions like IL&FS, DHFL, PMC bank that have come under the cloud for serious non-governance/compliance issues. a continual decline within the asset quality of 1 of the foremost popular retail banks of recent times, prompted RBI to come up with a series of measures to keep up stability within the financial sector. PROPOSED REVIVAL PLAN …
MAIN ASPECTS OF PERSONAL FINANCE BRIEF INTRODUCTION One of the foremost reasons we fail to secure ourselves financially is because we are unaware of the things that ought to be done for it. We do what we feel is right thing to do but which may not always be sufficient. Therefore, it’s crucial to get the meaning and knowledge of the key components that one must concentrate on while creating a road map …
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 …
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 …
NOTE ON AMOUNT PAYABLE UNDER GRATUITY OBLIGATION TO AN EMPLOYEE We highlight the need for provisioning the obligation under Gratuity benefits payable to employees. This obligation is to be shown in the Financial Statements of the enterprises. Whilst this obligation will depend upon several factors, it will also be dependent on the amount payable under the …
SERVICES POLICY FOR INFORMATION TECHNOLOGY IT-enabled Services (Single Customer) Policy would be given in respect of contracts for rendering service during a defined period with billing on the basis of service rendered during a period say, a week, a month or a quarter. One policy for one buyer shall be issued. Period of Policy: 12 months …
CLARIFICATION REGARDING BINDING NATURE OF CIRCULAR AND INSTRUCTIONS Recently, CBEC issued Circular No. 1006/13/2015-CX dated 21st September,2015 vide F.No.96/90/2015-CX.1 to clarify issues related to binding nature of circular and instructions which are contrary to the judgment(s) delivered by Honble Supreme Court. Circular draws attention towards judgment of Hon’ble Supreme Court in case of M/s Ratan …
NEW RELIEF FOR DEVELOPERS IN HARYANA AS RULE 49A Earlier, on 12th August 2014 the Haryana State Government, issued a notification No. S.O. 89/H.A.6/2003/S.60/ 2014, for introducing composition scheme specifically for the builders engaged in the construction activities and inserted Rule 49A for the lump sum payment of VAT by the builders. Although, prior to …
RELIEF CANNOT BE GRANTED IF ASSESSE DOES NOT COMPLY WITH PROVISIONS OF VOLUNTARY COMPLIANCE ENCOURAGEMENT SCHEME VCES, 2013 Recently on 1st September, 2015, Hon’ble Bombay High Court dismissed Writ petition no. 1735 of 2015, seeking availment of benefit of ST- Voluntary Compliance Encouragement Scheme (VCES), 2013, by the petitioner in the matter of Sunil Agnihotri Productions vs. …
Corporate tax Update for the Month : Company Law: Query: Is sitting fees payable to a director who participates in a meeting through video conferencing? Answer: Yes, sitting fee is payable to a director who participates in a meeting through any of two modes viz. in person or through video conferencing or any other audio visual means. …