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Micro, Small, and Medium Enterprises (MSMEs) play a pivotal role in driving economic growth, fostering entrepreneurship, and generating employment opportunities in India. Recognizing the significance of this sector, the Indian government has formulated MSME scheme list and initiatives to support the growth and development of MSMEs. Various subsidy schemes for…

In an era where global challenges like climate change, inequality, and poverty demand innovative solutions, traditional financial markets too need to accommodate a new wave of socially conscious investors. Therefore, the idea of an electronic fund-raising platform “Social Stock Exchange in India” was proposed under the regulatory ambit of SEBI.…

The Indian government enacted, the Real Estate (Regulation and Development) Act, 2016 (RERA) which serves as a legislative framework, designed to protect the interests of homebuyers while fostering accountability and transparency within the real estate sector. Explore this article to understand the arbitrability of flat-buyer disputes under the RERA Act…

The directors through the board of directors manage a company by making decisions, devising strategies, and ensuring the organization meets its objectives. Every type of director has specific authority, but they work together to advance the business's interests and represent the organization. Let us delve into the realm of the…

FAQs on PAS-6 FAQs on PAS-6, it refers to the submission of approval of the audit report on the share capital (half-yearly) of unlisted public companies. The purpose of this form is to recognize any difference between the issued capital and the capital held in the dematerialized form of the…

A global language used for company reporting, XBRL is used to transmit financial and business data electronically. The analysis, preparation, and sharing of company information are facilitated by XBRL filing. Now we will have a look into the How to File Financial Statements in XBRL Format? TABLE OF CONTENT What…

The Ministry of Corporate Affairs, New Delhi recently issued a significant notification dated 27 October 2023, amending Limited Liability Partnership Rules (LLP), 2009. The amendment introduces key changes relating to Register of partners and declaration of beneficial interest in any contribution. In this article we will delve into the Significant…

Women Reservation Bill brings a change from GruhLaxmi to Mahalaxmi which represents an evolution toward greater empowerment and representation for women in the political domain. India has made remarkable steps in recent years that have increased women's political and spiritual empowerment. With the Indian government historic decision to reserve 33.33%…

The Reserve Bank of India (RBI) issued the (SBR) Scale Based Regulation Guidelines on October 19, 2023, ending the primary division of Non-Banking Financial Companies (NBFCs) into systemically important and non-systemically important NBFCs. Let us know more about  Scale Based Regulation Guidelines. Table of Contents Overview of NBFC A Glimpse…

Stamp duty on shares is a tax imposed by government on the transfer of ownership of shares and securities as outlined under Companies Act 2013 and governed by Indian Stamp Act. It plays a crucial role in the financial landscape, influencing both individual investors and institutional players. This tax is…