Internal auditing refers to the process of evaluating an organization’s internal controls, procedures, processes, and methods. The objective of the internal audit is to check the effectiveness of the operating standards established by the organization. It is carried out either by an employee of the organization or by an expert appointed by the board of…
Following the successful implementation of GST in July 2017, the Central Board of Indirect Taxes and Customs (CBIC) is rolling out systems to improve the way business is conducted. It continuously strives to bring simplicity, accountability, consistency, and transparency to the process of clearing all import and export transactions. As part of improvisational procedures, CBIC…
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….
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…
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…
The act of sexual harassment is a violation of a woman’s human rights and fundamental rights, which are granted to her under Articles 14 and 15 as the Right to Equality and under Article 21 as the Right to Dignity of Life. To provide protection to women against sexual harassment in the workplace and to…