Ilma Siddiqua

GST, a landmark reform in India’s post-independence history, unifies the taxation of goods and services, replacing numerous central and state taxes. By creating a seamless chain of set-offs, GST eliminates cascading effects, benefiting producers and reducing costs. It operates on a value-added tax model, ensuring that taxes are levied only on the final consumer, simplifying […]

Corporate social responsibility (CSR) entails businesses regulating themselves to be socially accountable and positively impact society. Companies can embrace CSR through various means, such as promoting eco-friendly practices, fostering workplace diversity and inclusion, respecting employees, engaging in community philanthropy, and making ethical business decisions. CSR has transitioned from a voluntary choice by individual companies to […]

As a legal entity, a company relies on natural persons, notably its Board of Directors, to represent it and oversee daily operations. The Board of Directors, elected by shareholders, acts as their representatives and plays a pivotal role in shaping the company’s direction and strategy, managing its affairs, and ensuring that it operates in the […]

The implementation of Goods and Services Tax (GST) marks a shift from the existing taxation model, where the focus is on taxing the supply of goods or services rather than the traditional approach of taxing the manufacture or sale of goods or the provision of services. GST operates as a destination-based consumption tax, meaning that […]

In the ever-evolving finance and corporate governance landscape, the Social Stock Exchange (SSE) emerges as a potentially transformative force. This article embarks on a journey into the unexplored realm of Social Stock Exchanges, unravelling the conceptualisation, development, and paradigm shift they bring to the world of capital markets. To begin, the article seeks to define […]

Following India’s economic liberalisation reforms in the post-1991 era, significant changes occurred in the competition law regime. The Monopolies and Restrictive Trade Practices Act, 1969 (MRTP Act) was repealed, and the Raghavan Committee recommended a new competition law aligned with international standards. This led to the enactment of the Competition Act 2002, which aimed to […]

The Companies Act of 2013 is a significant milestone in the legal framework governing all Indian-incorporated companies. This legislation extends its influence far and wide, impacting businesses nationwide. The Act adopts an outward-looking perspective and intends to align India’s corporate regulations with international standards. It is poised to serve as a blueprint for a more […]

On August 29, 2013, Parliament passed the Companies Act, 2013, and the President of India signed it. The Companies Act, 2013, was published in the Official Gazette on August 30, 2013. Furthermore, a few provisions or sections were added to the legislation by a notification issued on September 12, 2013. Furthermore, this statute applies throughout […]

Shares that could be used to raise more funds for the business make up the company’s capital. While private companies choose an initial public offering, or IPO, to offer shares to the public, public corporations issue shares to the public so they are able to subscribe to their share capital. A company can issue its […]

The Companies Act of 2013 is a landmark case which had bought many significant changes in the way companies are run in the country. The main objective of this Act was to align all the practices with the global practices, keeping in mind the Indian stakeholders and the public at large. The laws relating to […]

Every company deals with a number of daily business operations. The financial operations that take place during a venture are also included in these activities. The financial activities of a company are also recorded, just like the other operations. Financial statements so provide a summary of a company’s financial performance. Financial statements are the records […]

Nowadays a lot of corporations have gotten so big that it’s hard to focus on what they’re currently doing. The hazards related to doing business have multiplied along with corporate expansion. The government has improved the internal audit system for numerous companies under the 2013 Companies Act in order to lower the risks connected with […]

The Companies Act, 2013, was approved by the President on August 29, 2013, and it was published in the Indian Gazette on August 30, 2013. New ideas supporting improved transparency, accountability, board governance, business facilitation, and other topics were introduced by the Companies Act of 2013. Included in this are things like associate companies, one-person […]

To help businesses maintain and understand the value of minutes under the 2013 Companies Act, the Institute of Company Secretaries of India (ICSI) has released secretarial guidelines. By outlining best practices for keeping precise and thorough minutes of meetings, these guidelines seek to encourage effective corporate governance. Every business is required to keep minutes of […]