Articles by Affluence Advisory

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.

Stock Brokers and Depository Participants: Increased Website Compliance

Affluence Advisory 28 August 2023 at 08:59

SEBI has issued a circular dt: February 15, 2023, vide which SEBI has specified certain information that is required by Stock Brokers and Depository Participants to be published on its website.

Impact of insertion of Rule 88D in CGST Rules 2017

Affluence Advisory 25 August 2023 at 08:58

The captioned rule deals with differences in ITC availed as per GSTR-3B and credit reflecting in GSTR-2B of a particular period/periods.)

Reversal of ITC in case where Supplier has not remitted the tax

Affluence Advisory 24 August 2023 at 14:35

ITC reversal in the hands of recipient of goods or services in case of default made by supplier by not depositing the tax collected with the Government.

Some knowledge nuggets about Structured Digital Database

Affluence Advisory 22 August 2023 at 09:00

SDD is a kind of Digital Database which should be maintained internally in a non-tamperable manner along with time-stamping and audit trail. The Database must contain the name and PAN number of Persons with whom the UPSI has been shared.

Significant Beneficial Owners

Affluence Advisory 18 August 2023 at 08:57

It is well known to us that black money creates imbalances in the economy, finances terror and crimes like money laundering etc., and that it puts the honest at a disadvantage also deprives the State of the much-needed revenues which adversely affects the poor people of the country.

SEBI mainstreams Online Dispute Resolution

Affluence Advisory 16 August 2023 at 08:47

The Securities and Exchange Board of India (SEBI) published a Circular on 31 July 2023 on Online Dispute Resolution of Disputes in the Indian Securities Market (SEBI ODR Circular) making Online Dispute Resolution (ODR) the default mechanism for resolving almost all disputes arising out of transactions on the securities market.

Small and Medium Enterprise Exchange Role and Function in Capital Markets

Affluence Advisory 05 August 2023 at 14:23

The market regulator SEBI vide its circular dated May 18, 2010, has provided for the setting up of a stock exchange/ trading platform by a recognized Stock Exchange having a nationwide trading terminal for SMEs

Applicability of Legal Entity Identifier (LEI)

Affluence Advisory 01 August 2023 at 10:55

The Legal Entity Identifier (hereinafter referred to as "LEI") is a global reference number that uniquely identifies every legal entity or structure that is party to a financial transaction, in any jurisdiction.