Articles by Affluence Advisory

RBI allows remittances for all permissible purposes to IFSCs under the LRS

Affluence Advisory 20 July 2024 at 06:36

The Reserve Bank of India (RBI) has vide its Circular dated July 10, 2024 allowed remittances for all permissible purposes under the Liberalized Remittance Sche..

GST Implications in Case of Accommodation Service Pursuant to recommendations made in the 53rd GST Council Meeting

Affluence Advisory 19 July 2024 at 08:28

Heading 9963 which also covered Accommodation services has been removed from Sl. No. 12 of Notification no. 12/2017. Also, a new explanation i.e. Explanation 2 is inserted in Sr. No. 12 of the said notification.

Signing of Board's report and financial statement - Companies Act and SEBI (LODR)

Affluence Advisory 17 July 2024 at 08:42

Section 134(1) of Companies Act, 2013 (‘the Act’) provide for signing of board’s report. It read as follows:“(1) The financial statement

Notifications & Circulars - In light of 53rd GST Council Meeting Recommendations

Affluence Advisory 16 July 2024 at 08:37

The 53rd GST Council Meeting brought forth significant recommendations that have been elucidated in recent notifications and circulars. The key Notifications an..

Benefits of Filing Return of Income

Affluence Advisory 13 July 2024 at 08:34

In this article, we make an attempt to discuss some of the benefits of filing income tax returns and what the best way to go about doing so is.

IPO Process: Guide to Successfully Taking Your Company Public

Affluence Advisory 10 July 2024 at 08:35

An IPO is an important step in the growth of a business. It provides a company access to funds through the public capital market. An IPO also greatly increases the credibility and publicity that a business receives.

Securitization - From Relationship to Transaction

Affluence Advisory 06 July 2024 at 08:46

Credit is almost as old as civilization itself and has greased the wheels of commerce for several thousand years. As such, commerce has been transformed by successive waves of innovation.

Insights into Post-Incorporation Compliance Requirements under various forums

Affluence Advisory 04 July 2024 at 08:35

A company must adhere to post-incorporation compliance measures to maintain its legal status and operational integrity including fulfilling ongoing reporting obligations, such as filing annual returns and financial statements, and complying with tax laws by paying taxes promptly.

RBI Compliance Regulations and the Role of Advanced Technologies in Bank and NBFC

Affluence Advisory 29 June 2024 at 08:31

The key regulations and guidelines issued by the RBI cover various aspects of operations, including prudential norms, risk management, capital adequacy, liquidity management, asset classification, provisioning, customer service, fraud prevention, cybersecurity, and anti-money laundering measures.

Key Highlights of 53rd GST Council Meeting

Affluence Advisory 26 June 2024 at 14:09

The recommendations of the GST Council Meeting was aimed at providing relaxation, bringing changes in the GST Tax rates, trade facilitation measures and for aiding to streamline compliances.