Changes on Foreign Investments in Alternate Investment Funds (AIFs)

Posted on December 22, 2022

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... Read More →

Posted in Regulatory |

Applicability of Accounting Standards for Different Classes of Entities

Posted on December 14, 2022

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... Read More →

Posted in Audit & Assurance |

Taxation of Corporations and Businesses – UAE

Posted on December 13, 2022

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... Read More →

Posted in International Tax |

Revised Guidelines for consideration of proposals for acceptance of foreign hospitality under the Foreign Contribution (Regulation) Act, 2010

Posted on December 1, 2022

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... Read More →

Posted in Regulatory |

Corporate Social Responsibility Under Section 135 of Companies Act 2013

Posted on December 1, 2022

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... Read More →

Posted in Audit & Assurance |