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Articles by Affluence Advisory

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Introduction of Invoice Management System (IMS) on GSTN Portal

Posted by Affluence Advisory 06 September 2024 356 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 669 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 475 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 620 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 625 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.



Forfeiture of Shares: Guide to the Process and Implications

Posted by Affluence Advisory 22 August 2024 344 Views

Share forfeiture can be defined as the process of a cancelling the shares allotted to the defaulting investors by the company.



Loans and Investments by Companies: Understanding Compliance with Section 186 of the Companies Act, 2013

Posted by Affluence Advisory 19 August 2024 642 Views

Section 186 of the Companies Act, 2013 ("Act") deals with loan and investment restrictions imposed on companies.



Comprehensive Guide to Valuation requirement under various Forums

Posted by Affluence Advisory 14 August 2024 246 Views

The process of valuation typically involves obtaining information from outside sources, working with few inputs, and estimating the entity's or asset's future viability.



Compliance in the Age of Digital Transformation: Balancing Innovation with Regulation

Posted by Affluence Advisory 13 August 2024 263 Views

Digital transformation brings about new business models, operational processes, and different ways of interacting with customers and stakeholders. As a result, governance structures and practices must be reevaluated and updated to ensure they remain relevant and effective.



Rapid Yen Appreciation and Its Global Impact: A Shift in Japan's Monetary Policy

Posted by Affluence Advisory 08 August 2024 221 Views

Over the past few weeks, there have been significant changes in the value of the Japanese Yen, with several key events leading to a major shift




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