The Reserve Bank of India (RBI) reports that foreign Indians sent US $ 24.6 billion to India between 2005 and 2006. In this way, India continues to maintain its position as the largest recipient of international remittances. The World Bank estimates in 2005 that India leads with US $ 23.5 billion, followed by China and…

Banking systems range from ATM and credit card networks online and offline processing through high value interbank money transmission systems, to back-end accounting systems that track it all and then settle down. There are specialized systems for everything from trading of shares into bills of lading; and large companies have internal accounting and cash management…

LEIL has been accredited by the Reserve Bank of India as the issuer of the Official Business Identity under the Payment and Payment Systems Act 2007 (revised 2015). LEIL is accredited by the Legal Entity Identifier Foundation (GLEIF). Legal Entity Identifier (LOU) is authorized to issue and manage LEI. This article emphasizes why you need…

The Reserve Bank of India (RBI) has tightened the standards of non-bank financial institutions (NBFC) and banned lending of interest-bearing companies to executives and directors. The NBFC is also obliged to disclose its disclosure to all soft sectors such as real estate, equity loans and mortgage loans. Table of content Introduction NBFC Borrowing and Disclosure…

Ayushman Bharat, India’s leading Government program, was launched as recommended by the National Health Policy 2017, to achieve the vision of Global Health Care (UHC). This initiative is designed to meet the Sustainable Development Goals (SDGs) and its compelling commitment, “leaving no one behind.” This article focuses on Ayushman bharat Yojana. Table of content Introduction…

Auditors are required to express their views on the financial statements as a whole. This includes notes to the financial statements that form part of the account, providing additional information on balances and transactions and other relevant information. It is, therefore, important that at all stages of the audit and auditor’s judgment be properly considered…

If you are running your own business then you must consider the option of a Stock Audit. It is a necessary tool for you to ensure that the stocks of your company are up to date. It helps you avoid unnecessary problems and complications. In this article, we will discuss, “Documents to be obtained &…

In the 21st Century, “Influencers” have almost the same recognition as TV personalities. Moreover, when we hear the word Influencer we correspond it with Instagram. We are engaged in social media every day. Further, most of us are eager to keep up to date with every post from our favourite influencers. Are you an Influencer? Moreover, due to…

The concept of One Person Company (OPC) is well understood by all of us and does not require an introduction. We all know the rights enjoyed by OPC compared to other types of companies, such as not having to hold a general meeting, not having to hold a board meeting (in the case of only…

This article provides an analysis to the financial year provisions- Section 2(41) of the Companies Act, 2013. Table of Contents Section 2(41) of the Companies Act 2013 Extension of Financial Year Annual General Meeting  Final words Section 2(41) of the Companies Act 2013 The above corporate provision, the 2013 Act does not give any direct…

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