Finance & Accounting

Finance & Accounting
Savvy Midha
Savvy Midha | Updated: Oct 23, 2019

National Financial Reporting Authority & It’s Constitution

National Financial Reporting Authority (NFRA) was constituted with effect from 1st day of October 2018. Central Government has constituted this body under the provisions of section 132 of Companies Act......
Finance & Accounting
Savvy Midha
Savvy Midha | Updated: Oct 19, 2019

A Tribunal Overview on Account Reopening

Section- 130 of Companies Act 2013: Legal Provisions With the introduction of section 130 of Companies Act 2013, any statutory body, if cast the doubt about the accuracy of financial...
Finance & Accounting
Savvy Midha
Savvy Midha | Updated: Oct 19, 2019

Voluntary Revision of Financial Statement

Introductory Part Every Company irrespective of whether it’s a Private Company or Public Company has to comply annually by filing financial statements to ROC in form AOC-4 and MGT-7 (with...
Finance & Accounting
Savvy Midha
Savvy Midha | Updated: Oct 16, 2019

What are the Basic Financial Statements?

Financial Statements are the reports that present the financial performance and financial position of a company for a particular period, usually a fiscal year. Financial statements consist of a set...
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