India, with its burgeoning population of approximately 1.4 billion, stands as one of the world's fastest-growing economies. The country's business-friendly environment, highlighted by its rank of 63 out of 190 countries in the World Bank's 2022 ease of doing business report, makes it an attractive...
In the realm of corporate finance, companies often seek avenues for capital infusion to fuel their growth, expansion, or undertake various projects. This typically involves leveraging both equity and debt capital, with borrowed funds being sourced through avenues such as debentures or financial institutions....
In compliance with the Companies Amendment Act 2017, companies have several avenues to raise capital, with Private Placement/ Preferential Allotment being one of the prominent methods. This article delineates the procedural framework under Section 62(1)(a) for companies seeking to increase their subscribed capital through the...
In the realm of corporate finance, the issuance of additional shares through a right issue serves as a strategic tool for companies to augment their subscribed share capital. Unlike public offerings, right issues target existing shareholders, providing them the opportunity to purchase new shares in...
In the landscape of GST implementation, a significant dilemma emerged concerning whether the payment process concludes solely upon clicking 'Offset of liabilities' or if GST payment is finalized upon depositing the tax amount in the Cash Ledger (CL). The early stages of the GST portal...
In both the GST regime and its predecessor, Input Tax Credit (ITC) on exempted supplies of goods or services is subject to reversal and is not eligible for availment. Among these exempted supplies are sales of shares and mutual funds. This blog delves into the...
In the fast-paced world of digital commerce, taxation rules are continually evolving to keep pace with technological advancements. Section 194O of the Income Tax Act is one such provision that has significant implications for E-commerce operators and participants. Let's explore the key aspects of this...
In the realm of Goods and Services Tax (GST) compliance, staying abreast of the latest schemes and regulations is paramount for businesses. One such scheme, the Quarterly Return Monthly Payment (QRMP) Scheme, introduced under GST, aims to streamline the filing process for eligible taxpayers. Let's...
Share repurchase, also referred to as buyback, stands as a pivotal corporate financial strategy that instigates corporate restructuring while concurrently enhancing Earnings per Share (EPS). This strategic maneuver is governed by Section 68 of the Companies Act, 2013, which empowers a company to acquire its...
In India, adherence to food safety standards is overseen by the Food Safety and Standards Authority of India (FSSAI), a governmental regulatory body. Obtaining FSSAI registration or license is mandatory for all food business operators (FBOs) to ensure compliance with safety and hygiene practices....
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