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- Co. Law Rules Changes
- Extension of time limit for compliance to be made for claiming exemption under Section 54 to Section 54GB
- Mandatory Evaluation of the Audit Quality Maturity of CA Firms using AQMM w.e.f. 1st April 2023
- Changes on Foreign Investments in Alternate Investment Funds (AIFs)
- Applicability of Accounting Standards for Different Classes of Entities
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Monthly Archives: December 2022
Changes on Foreign Investments in Alternate Investment Funds (AIFs)
Pursuant to the Regulation 10(a) of the SEBI (Alternative Investment Funds) Regulations, 2012 (‘AIF Regulations’), AIF’s are allowed to raise funds from any investor whether Indian, foreign or non-resident Indians, by way of issue of units. The Securities and Exchange … Continue reading
Posted in Regulatory
Applicability of Accounting Standards for Different Classes of Entities
Overview In order to make Financial Reporting of an entity comparable, transparent, complete and unbiased, different standards are issued from time to time. At present, there are three sets of Accounting Standards: – Indian Accounting Standards (Ind AS) notified under … Continue reading
Posted in Audit & Assurance
Taxation of Corporations and Businesses – UAE
United Arab Emirates(“UAE”) on 09 December 2022 has issued The Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses (hereinafter referred to as the “Corporate Tax Law”). The Corporate Tax Law provides the legislative basis for … Continue reading
Posted in International Tax
Revised Guidelines for consideration of proposals for acceptance of foreign hospitality under the Foreign Contribution (Regulation) Act, 2010
The Foreign Contribution (Regulation) Act, 2010 (‘Act’) was enacted to consolidate the laws regulating the acceptance and utilization of foreign contribution or foreign hospitality. In the year 2011, the Ministry of Home Affairs (‘MHA’) issued Guidelines for consideration of proposals … Continue reading
Posted in Regulatory
Corporate Social Responsibility Under Section 135 of Companies Act 2013
Corporate Social Responsibility Under Section 135 of Companies Act 2013 Background The importance of inclusive growth is widely recognized as an essential part of India’s quest for development. In line with this national endeavor, Corporate Social Responsibility (CSR) was conceived … Continue reading
Posted in Audit & Assurance