May 27, 2024

Corporate Finance Alert April 2024 – Godrej Family to Split Conglomerate into Two Part

India’s Godrej family has decided to restructure its shareholding in the conglomerate to operate as two entities, Godrej Enterprises and Godrej Industries. The realignment will be implemented after the relevant regulatory approvals have been obtained, after which the two companies will continue to use the Godrej brand. Godrej Enterprises Group (GEG) will be headed by 75-year-old Jamshyd Godrej as chairperson […]

Corporate Finance
May 25, 2024

RNM: Indirect Tax Alert April 2024

GST Calendar –Compliances for the month of April’2024 Nature of Compliances Due Date GSTR-7 (Tax Deducted at Source ‘TDS’)  May 10, 2024 GSTR-8 (Tax Collected at Source ‘TCS’)  May 10, 2024 GSTR-1  May 11, 2024 IFF- Invoice furnishing facility (Availing QRMP) May 13, 2024 GSTR-6 Input Service Distributor May 13, 2024 GSTR-2B (Auto-Generated Statement) May 14, 2024 GSTR-3B  May 20, […]

INDIRECT TAX
May 20, 2024

Internal Audit Areas in respect of Foreign Guest in a Hotel

In respect of the Foreign Guests the Internal Auditor should ensure to check the following: 1. Visa Requirements: Ensure that foreign guests have the appropriate visa for their stay in India. Different types of visas (tourist, business, employment, etc.) have different requirements and durations. 2. Passport Validity: Check that the guest’s passport is valid for at least six months beyond […]

Internal Audit
May 18, 2024

Strengthening Financial Operational Resilience in the UK: A Reflection

As we approach the critical milestone of March 2025, the imperative for UK financial institutions to enhance their operational resilience has become increasingly urgent. Guided by directives from the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA), firms are mandated to ensure readiness to operate within pre-defined impact tolerances for each significant business service by this deadline. This […]

Industry
May 15, 2024

Share Profits with Shareholders

Shareholders are more than mere investors; they are the vital force of a company, providing the capital that fuels its ambitions and innovations. They invest their money and trust the company’s vision. In return for this trust, companies bear a profound qualitative debt to their shareholders by distributing a portion of their profits to shareholders with a direct return on […]

General
May 11, 2024

Transaction & Regulatory Advisory Services Alert – April 2024

In this edition we have tried to bring you notice the latest amendment that followed in the month of April, 2024 issued by RBI, CCI and others. SEBI Updates SEBI Board Meeting (April 30, 2024)  The SEBI Board met on April 30, 2024 where it, inter-alia, approved the following:  Amendments to SEBI (Infrastructure Investment Trusts) Regulations, 2014 and SEBI (Real […]

General
May 5, 2024

RNM Tax Alert – Direct Tax Part for April 2024

1. Circular No. 7/2024: Extension of due date for filing of form 10A/10B Under the income-tax Act, 1961. Form No. 10A, in case of an application under clause (i) of the first proviso to clause (23C) of section 10 or under sub-clause (i) of clause (ac) of sub-section (1) of section 12A or under clause (i) of the first proviso […]

Direct Tax
May 3, 2024

Understanding Financial Statements: A Beginner’s Guide for Entrepreneurs

Navigating the financial world may be challenging for entrepreneurs, especially when they have to deal with complex data like Financial Statements. But understanding or analysing those assertions is essential to making sound decisions and moving your organization towards success. Here in the beginners guide, we have tried to simplify the basic fundamentals of financial statements and their construction so users […]

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