Brief about Indas 116: Ind AS 116 sets out the principles for the recognition, measurement, presentation and disclosure of leases and faithful representation of the transactions by lessees and lessors. This information gives a basis for users of financial statements to assess the effect that leases have on the financial position, financial performance and cash flows of an entity. The […]
Blackstone Buys Care Hospitals, KIMS Health for $1Bn Blackstone Group Inc. has acquired controlling interests in Care Hospitals and Kims Health in a multi-layered deal valued at $1 billion, marking the private equity giant’s maiden foray into India’s healthcare sector. The New York-based firm secured roughly a 75% stake in Care Hospitals from Evercare Health Fund, an arm of TPG, […]
In this edition we have tried to bring you notice the latest amendment that followed in the month of September, 2023 issued by MCA, RBI, SEBI, IBBI and others. MCA Clarification on holding of Annual General Meeting (AGM) and EGM through video Confercnce (VC) or other Audio visual means (OAVM) and passing of Ordinary and Special resolutions by the companies […]
Rule 3 of Companies (Accounts) Rules states about, Manner of Books of Account to be Kept in Electronic Mode The books of account and other relevant books and papers maintained in electronic mode shall remain accessible in India, at all times so as to be usable for subsequent reference. There shall be a proper system for storage, retrieval, display or […]
Introduction: Green Finance is a sustainable or responsible finance that effectively finances projects with environmental benefits, such as reducing greenhouse gas emissions, improving energy efficiency, or enhancing the circular economy. In simple words “Green Finance” is a loan or investment that promotes environmentally-positive activities, such as the purchase of ecologically-friendly goods and services or the construction of green infrastructure. […]
Private equity firm KKR has poured INR 2,069.5 crore (about $250 million) as additional capital into Reliance Retail Ventures Ltd, a unit of the oil-to-telecom conglomerate Reliance Industries Ltd, at a valuation of around $100 billion. The investment increases KKR’s stake in Reliance Retail Ventures to 1.42% from 1.17%. KKR previously invested INR 5,550 crore in Reliance Retail in 2020. […]
Registering a start-up is a crucial step in establishing a Legal entity that can operate in the business world.However, start-ups often encounter several challenges during the registration process, hindering their progress and growth. Some of common issues faced by start-ups in getting registration are- Lack of knowledge & guidance: Many start-up founders are often inexperienced in the legal aspects of […]
DPT 3 is a return of deposits that companies must file to furnish information about deposits and/or outstanding receipt of loan or money other than deposits. Background In order to safeguard the interest of creditors or depositors, the Central Government in consultation with the Reserve Bank of India notified the amendment in the Companies (Acceptance of Deposits) Rules 2014 through […]
India is in process to implement new labour law reforms by: consolidating 29 existing legislations into 4 new Codes standardising, rationalising & updating the existing labour laws with contemporary relevance; covering employees from both organized and un-organised sector; emphasising on transparency, accountability and tech-based operations ensuring ease of operations and enforcement. Biggest impacts of the New Labour Codes: Payroll: Uniformity […]
Recording, tracking, and retaining organized transactional records is vital whether you manage a small firm or a multinational corporation. And that is exactly what a bookkeeper performs for your company. It is a process of organizing and tracking day-to-day transactional data. In simper words, bookkeeping in accounting is the systematic process to store, organize, and track the business transactional data. […]