To improve audit quality and ensure greater transparency, the central government established a body called the “National Financial Reporting Authority” in 2013 under Section 132(1) of the Companies Act to handle matters related to accounting and auditing standards under the Companies Act 2013. The National Financial Reporting Authority shall exercise its functions through such divisions…
The Ministry of Corporate Affairs, Government of India has launched the National CSR Exchange Portal as part of its aim to create an interactive platform for CSR stakeholders. The National CSR Exchange Portal would act as an online marketplace for PAN-India social welfare initiatives to enable stakeholders such as implementing agencies to list their active…
Every company must be registered within thirty days of its incorporation under the Companies Act 2013 (the “Act”). The company should be domiciled all the time until it exists. The registered office of the company is stated in the memorandum of association (MOA) and the articles of association (AOA). However, the company may be required…
The Aadhaar card issued by UIDAI (Unique Identification Authority of India) is an ID card that contains a 12-digit unique identification number and all your details like name, age, address, gender, and more. It is accepted everywhere for verification purposes. In case you want to change your Aadhaar card details, this blog is for you….
Rajasthan, being the cradle of entrepreneurship, is the birthplace of some of the world’s most successful entrepreneurs and major industrial houses. However, a large number of educated youths in Rajasthan leave the state after completing their education in search of better opportunities in other states and countries. The State of Rajasthan has formulated the Rajasthan…
The Ministry of Corporate Affairs (MCA) on 11 October 2018 amended Schedule III of the Companies Act, 2013. Schedule III of the Companies Act, 2013 provides the format of financial statements of companies that comply with Accounting Standards (AS) and Ind AS under their Division I and Division II. Now Schedule III will apply to…
The Consumer Protection Act of 1986 and even the new Act of 2019 have been enacted to provide consumers with simple and quick redress of their grievances for any lack of service or defect in goods. It protects various consumer rights against the seller or service provider. In case merchants and manufacturers practice any illegal…
It is common to hold many savings accounts in our name but fail to keep them active. It is not easy to keep track of multiple savings bank accounts. It increases confusion and mismanagement. Not paying attention to managing your inactive bank account can cost you money. In this article, let us have a look…
Bitcoin mining requires a hefty investment to get started. You have to spend thousands of dollars on special hardware needed to mine the crypto and cover substantial electricity bills. Considering that the entire world is on the brink of the biggest energy crisis in history, Bitcoin mining is becoming unprofitable. This article briefly describes How…
One of the concerns of the real estate industry is to collect money from allottees, use the money so collected for the purpose for which the money was collected and used and enable the promoters to complete the development of the project and deliver the units to the buyer. This financial discipline is enshrined in…