Shubham Chauhan

Since the institution of the Companies Act, 2013, the Government of India has undertaken various amendments to the Act, including the recent amendment to decriminalize various offences. The Union Cabinet meeting, chaired by Prime Minister Narendra Modi, on Wednesday gave its approval to the Companies (Second Amendment) Bill, 2019[1]. The bill has been set out […]

The Employee’s Provident Fund Organisation (EPFO) slashed the interest rate on Provident Fund Deposits to a seven-year low of 8.5% for the current financial year (2019-2020). The EPF interest rate was 8.65 per cent in 2018-19.  The new rate introduced by EPFO marked a cut of 15 basis points from the interest rate of 8.65% […]

The Ministry of Corporate Affairs (MCA) on Monday assured that no prosecution proceedings would be initiated against Independent Directors and Non-Executive Directors of Companies without the availability of sufficient pieces of evidence of their involvement in frauds committed by the companies. MCA issued a circular to its Regional Directors, Registrar of Companies (RoCs) and official […]

The Banking Regulation Bill, 2020 has been introduced by the Finance Minister in the wake of the crisis at the PMC Bank last year. The Honorable Finance Minister of India, Nirmala Sitharaman on Tuesday introduced the Banking Regulation (Amendment) Bill, 2020 in Lok Sabha which seeks to give the Reserve Bank of India (RBI) the […]

You may have a brilliant business idea but to bring it on the surface you need capital. You will have to raise funds to convert your plans into reality. The question here arises, how do we raise funds?  To raise funds, you will have to approach investors, and there are different types of investors like […]

The Ministry of Corporate Affairs recently on 25 February notified the Companies Auditor’s Report Order, 2020, CARO 2020 and made it mandatory for companies to disclose all whistleblower complaints to the auditor. MCA issued CARO 2020 in the suppression of the Companies (Auditor’s Report) Order, CARO 2016 and would be applicable for the audit of […]

The Reserve Bank of India (RBI) has directed Banks to link floating rate loans to the Medium Enterprises with External Benchmark. Loans extended from April 1, 2020, by Banks to Medium Enterprises shall be linked to External Benchmarks, says RBI. In October 2019 RBI rolled out a circular asking Banks to link floating rate personal […]

To run a successful business, the company needs to have sustainable working capital. Sustainable working capital offers a company with the flexibility to expand and enhance its operations, improve liquidity and respond to demanding economic conditions. The goal of working capital management is to make sure that a company is able to continue its operations […]

For any business to survive, cash flow is the most important financial factor. A Company may have fantastic revenue, reasonable expenses and significant income, but if its financial operations are not managed efficiently, it could still have a negative cash flow. And if a company has a negative cash flow, no matter how promising the […]

As per CBDTs recent notification, if you still haven’t linked your Permanent Account Number (PAN) with Aadhaar, you will be able to do so even after 31st March. However, the PAN will remain inoperative for Income Tax purposes until the date you link your PAN with Aadhaar, after 31st March. The current deadline to link your […]

Many people avoid creating a will for years. And many times it happens that a person dies without one. When a person dies without a will, it is said that the person died “intestate”. In such a case, when a person dies “intestate” the property of that person is inherited by his/her legal heir. Now, […]

A Partnership Firm is formed as a result of an association of two or more persons to carry on a business in the capacity of co-owners. Partnership Firms in India are governed by the Indian Partnership Act 1932. Section 4 of the Indian Partnership Act of 1932[1] defines partnership as “the relation between person who has […]

Budget 2020 introduced a bill in the Parliament containing details of the Direct Tax Dispute Settlement Scheme – Vivad Se Vishwas.  This bill proposes discounted or less payment for the dispute settlement. The condition is- only if the taxpayer makes the payment before or on 31 March 2020. If any taxpayer wants to avail the […]

In this age of globalization, the world of Mergers and Acquisitions is witnessing rapid growth. Mergers and Acquisitions have become a favoured business strategy for companies looking to expand and diversify their market to gain an edge over the competitors. With the increasing use of M&A strategy by companies it becomes imperative to protect and […]