Articles by Affluence Advisory

Waiver of Interest and Penalty in terms of Section 128A of CGST Act

Posted by Affluence Advisory 26 October 2024 1704 Views

Section 128A of CGST Act provides for waiver of interest or penalty or both relating to demand under Section 73 of CGST Act pertaining to period July 2017 to March 2018, FY 2018-19, FY 2019-20.

Interpretation of the term 'As Is' or 'As Is, Where Is Basis' for regularizing the past period transactions

Posted by Affluence Advisory 21 October 2024 338 Views

In the recent circulars issued pursuant to 53rd and 54th GST council meeting wherein CBIC based on the recommendation of GST Council has clarified upon applicability of tax rate/classification or exemptions available in case of specified goods or services.

A Guide to Microfinance Companies

Posted by Affluence Advisory 19 October 2024 280 Views

The microfinance segment in India has proved to be fundamental for promoting financial inclusion by extending credit to low-income groups that are traditionally not catered to by lending institutions.

OCPS and CCPS Conversion: Transforming Preferences into Ownership

Posted by Affluence Advisory 16 October 2024 975 Views

Preferred stock, sometimes referred to as preference shares, are a special kind of equity that allows owners to receive dividends declared by the Company ahead of equity owners.

From Private to Public and vice versa: Step-by-Step Approach to Company Conversion

Posted by Affluence Advisory 12 October 2024 1521 Views

The Companies Act, 2013 provides a detailed process for the conversion of a Private Limited Company into a Public Limited Company and vice versa.

Sustainable Compliance: Integrating Environmental, Social and Governance (ESG) Factors

Posted by Affluence Advisory 05 October 2024 272 Views

Environmental, social and governance ("ESG") criteria are a set of standards for a company's operations that socially conscious investors use to screen potential investments. ESG factors have become increasingly important in the last several years.

Chinese Stimulus: The Key to China's Economic Shift and Global Recovery

Posted by Affluence Advisory 04 October 2024 172 Views

Internally, problems such as the property crisis, sluggish household spending, and an aging population have further complicated the situation.

How Asset Reconstruction Companies in India are transforming the Bad Loan Landscape

Posted by Affluence Advisory 01 October 2024 284 Views

The nation has always dealt with bad loans, but let's discuss how they ended up with such a mess in their books and what triggered the rise of ARC's in India, drawing from the likes of the International Bank for Reconstruction and Development.

Deemed Dividend: Understanding Section 2(22) of the Income-tax Act, 1961 and Its Implications

Posted by Affluence Advisory 26 September 2024 909 Views

Section 2(22) of the Income-tax Act, 1961 (the Act), deals with Dividends. Sub-clause (e) of section 2 sub-section (22) of the Act includes payments made by a private company by way of advance or loan to a shareholder

Share Buyback - Strategic Decision in Corporate Finance

Posted by Affluence Advisory 18 September 2024 375 Views

A Buy-back is when a company voluntarily repurchases its own securities from existing shareholders with the intention of cancelling them, following the rules set out in Section 68 of the Companies Act, 2013.