Cloud computing is becoming more and more important around the world with the development of 0public cloud and private cloud offers, as well as the proliferation of applications in SaaS mode. Companies take advantage of this, but they must be careful to protect themselves and call on experts in the field for ensuring Application security….
Faced with complex systems in companies, endpoint security has become a subject of major importance. Most endpoint security software, like Symantec endpoint protection, can deal with known and unknown threats using different technologies. Blocking known threats is the traditional mission of security software, via antivirus software for example. Unknown threats, on the other hand, are…
A secretarial Audit is a compliance audit, it is an effective tool for corporate compliance management. It helps to take corrective measures and detects non-compliances. It is a process to check that the company has complied with the legal and procedural requirements, and compliance with the provisions of various laws and rules/regulations/procedures, maintenance of books,…
Section 139(1) The first auditor of a company shall be appointed by the BOD within 30 Days from the date of Incorporation of the company and such auditor shall hold office till the conclusion of the 1ST AGM in the case of failure of the Board to appoint such auditor, it shall inform the members,…
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:…
