Table of Content Preliminary What does the term Insolvency and Bankruptcy means? Purpose of Insolvency and Bankruptcy Code, 2016 (IBC) Insolvency and Bankruptcy Board of India Applicability of Insolvency and Bankruptcy Code, 2016 (IBC) Exception of applicability of Insolvency and Bankruptcy Code, 2016 (IBC) Corporate insolvency Corporate Insolvency Resolution Process (CIRP) Fast Track Insolvency Resolution…
Coronavirus (CoV) is a giant family of viruses that causes illness. It beings from the common cold to more severe diseases like Middle East Respiratory Syndrome (MERS-CoV) and Severe Acute Respiratory Syndrome (SARS-CoV) which are deadly. The novel coronavirus is a new force of virus that has not been identified in human creatures so far….
Table of Content Who is entrepreneur? Types of Entrepreneurship? Role of Entrepreneurship Entrepreneurship is a process of designing and running a new business with new ideas; often initially it is a small business but after than entrepreneur by its ability skill takes that business at next level. The people who create the businesses are called…
Table of Content Importance of documentation Documentation is essential because: Form and Content of Documentation Standards on Auditing ensure that information provided in the financial statements are of high quality and are acceptable worldwide. The Auditing and Assurance Standards board under the council of Institute of Chartered Accountants (ICAI) have formulated few Standards. These are…
SEBI relaxes compliance of certain provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 due to the COVID-19 virus pandemic Considering the COVID-19 pandemic, SEBI vide Circular dated March 19, 2020 has decided to grant temporary relaxations from certain compliance stipulations specified under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘LODR’) to…
Table of Content Difference between a Company and Special Purpose Vehicle How to set up an SPV Advantages of setting up an SPV Types of SPV’s SPV is also called Special Purpose Entity (SPE) or Special Purpose Corporation (SPC) is given to an entity which is established for a single, well-defined specific and narrow purpose….
From long back time India’s real estate sector was unorganized, shattered and didn’t had any formal institutional structure regardless of its size and a multibillion structure. The Ministry of Housing and Urban Affairs has introduced several changes under the Real Estate Development and Regulatory Act with respect to in business carried out for real estate…
Table of Content Purpose of LEI (Legal Entity Identifier) Who needs to apply for LEI codes? The Legal Entity Identifier (LEI) initiative is designed to create a global reference data system that uniquely identifies every legal entity, in any jurisdiction, that is party to a financial transaction. More specifically, LEI is a unique 20 digit…
Table of Content Ind AS 116: Leases Ind AS 109, Financial Instruments Ind AS 12, Income Taxes: Ind AS 19, Employee Benefits Ind AS 28, Investments in Associates and Joint Ventures: On March 30, 2019, the Ministry of Corporate Affairs (MCA) notified certain amendments to Indian Accounting Standards (Ind AS). All these amendments are effective…
The RBI has different tools through which it injects liquidity into financial markets. Recently on 12 March 2020 Reserve Bank of India (RBI) announces sell-buy swap, for 6 months which means the central bank will sell dollars in the market now and buy them back six months down the line to increase the supply of…