Articles by Affluence Advisory

Disclosures required in Board Report under Companies Act, 2013 read with Rules made thereunder

Affluence Advisory 26 September 2023 at 14:15

Director's Report is a comprehensive document which is form of statutory and integrated reporting of both financial and non-financial information, serving as information to the stakeholders about the overall financial position of the Company and its operation & business scope during the particular reporting period.

Evolution Sweat Equity Shares: Pros and Cons

Affluence Advisory 26 September 2023 at 09:04

Sweat equity refers to work one does to build up value without a salary. This ownership interest, or increase in value, is created as a direct result of hard work by the owner.

RBI guidelines to Banks, NBFCs on Penal Charges

Affluence Advisory 25 September 2023 at 12:39

The Reserve Bank of India (RBI) has taken a proactive part in order to address these concerns by issuing regular guidelines and directives that Banks are obligated to adhere to. These guidelines aim to promote fair practices within the banking sector.

Peer Review of Practicing Company Secretaries (PCS)

Affluence Advisory 22 September 2023 at 09:10

Peer Review is a process used for examining the work performed by one's equals (peers) and understanding the systems, practices, and procedures followed by the Practice Unit, and giving suggestions, if any, for further improvement.

India's Online Gaming Landscape: Growth, Regulations and Opportunities

Affluence Advisory 16 September 2023 at 10:54

Online gaming companies in India, are subject to a number of laws and regulations. These laws and regulations are designed to protect consumers, ensure fair play, and prevent illegal gambling.

Brief note on Conversion of Private Company into Public Company

Affluence Advisory 15 September 2023 at 10:23

Stepwise process for conversion of Private Company into Public Company

Comprehensive Guide to Annual Filing Forms AOC-4 and MGT-7

Affluence Advisory 12 September 2023 at 14:03

We have made an attempt to provide information cum clarification on Forms AOC-4 & MGT-7 for reporting the Financial Statements and Annual Return, respectively, as the Annual Filing is soon approaching.

RBI Approval for Change in Management of NBFC

Affluence Advisory 05 September 2023 at 08:58

Non-Banking Financial Companies (NBFCs), as the name suggests, are the companies established under the Companies Act. NBFCs are intermediaries engaged in the business of finances, accepting deposits, delivering credit and hence play an important role in channelizing the scarce financial resources towards the creation of wealth.

LLP Act: Condonation of Form Filing Delays under Section 67

Affluence Advisory 02 September 2023 at 14:32

Condonation of delay in filing of Form 3, Form 4 and Form 11 under Section 67 of the Limited Liability Partnership Act, 2008

Outsourcing of Information Technology Services

Affluence Advisory 30 August 2023 at 08:54

The outsourcing of information technology (IT) services has become increasingly prevalent in the banking and financial sector. There are several challenges that have come up and regulators have stepped in with a framework to enable prudent risk management.