Articles by Affluence Advisory

Gold Price is shining - Know the reasons

Affluence Advisory 22 April 2024 at 08:33

Gold operates under the fundamental price dynamics of supply and demand, similar to other capital markets. However, the couple of underlying factors influencing these dynamics are often more distinctive and can be both rational and irrational.

Guide to Buyback of Shares in India under Companies Act & Tax Considerations

Affluence Advisory 19 April 2024 at 08:40

With the flourishing economic conditions in India and the government’s proactive measures to ensure that there is ease of doing business, various foreign institutional investors, foreign multinationals companies have been making investments in the country.

SEBI Issues Guidelines for Draft Offer Documents and Returning Draft Documents and Its Resubmission

Affluence Advisory 17 April 2024 at 08:33

The Securities and Exchange Board of India (SEBI) plays a crucial role in regulating the securities market and safeguarding investor interests. Among its many responsibilities, SEBI oversees the issuance of offer documents by companies looking to raise funds through public offers.

For Tax Filing - Analyze the Old & New Tax Regime

Affluence Advisory 12 April 2024 at 08:36

Lately, a lot of confusion has sparked on various internet platforms regarding the tax changes for the financial year (FY) 2024-25. However, the Ministry of Finance has put that to rest by putting out a clarification vide its Twitter handle that there are no changes on the tax rates as on 01.04.2024.

Issuance of notice in Form GST ASMT-10

Affluence Advisory 10 April 2024 at 14:44

Goods and Services Tax (GST) is a self-assessment-based tax scheme wherein a taxpayer is required to determine its tax liability and avail the eligible credit on a periodical basis.

GST: Action Points of Closing of FY 2023-24

Affluence Advisory 04 April 2024 at 10:38

Checklist to be followed in March 2024 for the GST Compliances of FY 2023-24

Highlights of Revised Secretarial Standards on General Meetings (SS-2)

Affluence Advisory 02 April 2024 at 08:52

The ICSI in January, 2024 has issued a revised SS-2 (effective from April 01st, 2024) to maintain consistency with the amended (vide Companies (Amendment) Act, 2017) provisions of the Act.

Scale-Based Regulation 2023: Non-Banking Financial Company (NBFCs)

Affluence Advisory 01 April 2024 at 08:37

The Reserve Bank of India (RBI) has played a crucial role in regulating the NBFC sector over the years. With the sector's evolution and growth dynamically the regulator amends the regulations from time to time giving the sector the flexibility to operate efficiently.

Responsibilities of the NBFCs registered with RBI, with regard to submission and compliances

Affluence Advisory 27 March 2024 at 14:17

A Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 2013, engaged in the business of loans and advances, acquisition of shares/ stocks/ bonds/ debentures/ securities issued by Government or local authority or other marketable securities

Highlights on Revised Secretarial Standards-1

Affluence Advisory 22 March 2024 at 08:49

Revised Secretarial Standards -1 has been issued by ICSI and approved by the Central Government under Section 118(10) of the Companies Act, 2013 on 02nd January 2024 and it shall be effective from 01st April 2024.