Articles by Affluence Advisory

Share Buyback - Strategic Decision in Corporate Finance

Posted by Affluence Advisory 18 September 2024 379 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.

Highlights of 54th GST Council meeting held on 9th September 2024

Posted by Affluence Advisory 12 September 2024 326 Views

A few key highlights of GST council meeting held on 9 September 2024

Global Economic concerns and policy narratives

Posted by Affluence Advisory 12 September 2024 163 Views

The first week of September was anything but favorable for stock market enthusiasts. Far from setting any positive records, the market's performance left financiers and investors alike disheartened.

Can a company make a bonus issue of preference shares?

Posted by Affluence Advisory 11 September 2024 810 Views

Bonus shares are a source of earnings for shareholders and for company it is returning profit to shareholders.

Introduction of Invoice Management System (IMS) on GSTN Portal

Posted by Affluence Advisory 06 September 2024 358 Views

A new functionality will be introduced on GSTN portal w.e.f. 1 October 2024 which will require the recipient of goods or services to match the invoices/records with the details uploaded by supplier for availing ITC.

Ordinary Business and Special Business

Posted by Affluence Advisory 04 September 2024 690 Views

In the governance of companies, the proceedings of shareholder meetings play a critical role. The agenda items discussed in these meetings can be broadly categorized into two types: Ordinary Business and Special Business.

Comparative Analysis of Private Placement and Preferential Allotment

Posted by Affluence Advisory 31 August 2024 485 Views

The rise in start-up culture and entrepreneurship in India over the past few years has resulted in an increase in fundraising by businesses. While launching a business has many obstacles, raising finance is the main one that all new businesses must overcome.

Introduction of RCM Liability/ ITC statement

Posted by Affluence Advisory 30 August 2024 624 Views

A statement called RCM liability/ ITC statement has been introduced on GST portal.

Unpaid and Unclaimed Dividend - Treatment and Transfer to Investor Education and Protection Fund IEPF

Posted by Affluence Advisory 27 August 2024 675 Views

The shareholders in a Company except a Company registered under Section 8, are eligible to get a portion of the Company's profit depending on the number of shares held, this is known as a dividend. It is a distribution of gains by a Company to its members/shareholders.