Merger refers to the business arrangement between two or more companies or body corporates form a single/one company or body corporate for the benefit of both companies. There are various benefits companies enter into the transaction of merger which is as follows: It enables enterprises to achieve economies of scale Reduction of Operational cost is…
Who says only big companies need accounting firms in India? Small businesses that are growing need it too. Accounting firms in India are not only needed to manage finances but also provide consulting and financial reports to make your business more successful. If you are still in doubt about this, look at the following signs when your…
Maximum Remuneration to Managerial Personnel A public company can pay managerial remuneration to its directors, including managing director, whole-time director, and its manager in respect of any financial year, up to the maximum limit as prescribed under section 197. The remuneration computed as per section 198 shall not exceed 11% of the net profits for…
MEANING Section 447 of the company act defines fraud as follows: Fraud concerning affairs of a company or anybody corporate include Any act, Omission Concealment of any factor Abuse of position Committed by any person or any other person with the connivance in any manner, with intent to deceive, to gain undue advantage from, or…
ECBs are commercial loans/borrowing raised by eligible resident entities/companies from recognized Non-resident entities/companies and should equal to parameters such as: – minimum maturity, permitted and non-permitted end-uses, maximum all-in-cost ceiling, etc. The parameters apply in totality and not on a standalone basis. ECB comprises the following three tracks for raising loans: – Form of…
Apply For DIN With the addition of Sections 266A to 266G of the Companies (Amendment) Act, 2006, the notion of a Director Identification Number (DIN) was introduced. As such, all the existing Directors who want to obtain DIN shall apply within the prescribed time frame as notified. Forms for DIN application and modification thereof:…
The Digital era of computers, devices, and mobile applications has proved to be a blessing for fraud and unethical practices, as it has moved to new dimensions and grown exponentially. The same digital era can also be utilized for fraud detection with the help of digital forensic tools. Digital forensic can help organizations to identify,…
The creation of a business has a cost and very often, entrepreneurs need an initial investment. You will need to analyze the market and find sources of funding to ensure the viability of your project. In this area, the best CA firms in Delhi are real strategists. Faced with your funders, the best CA firms in Delhi will…
Once you have found your corporate name and your trade name, you should ensure that they are available by turning to the experts that provide company registration services in India. With their help, you can also check the availability of the domain name associated with the name chosen for your business. At the same time, if…
Accounting is pain and suffering for many business owners. It is impossible to figure it out in one evening, the requirements are constantly changing, and the legislative norms and principles sometimes contradict common sense. So, it becomes necessary to turn to the top 10 CA companies. Some entrepreneurs keep records on their own – for individual…
