Indian tea brand, Vahdam India, has raised about $24 million (Rs 174 crore) as a part of its Series D round led by IIFL AMC’s Private Equity Fund. The current round of investment, the total funding raised by Vahdam India stands at Rs 290 crore. Post this funding, the company’s valuation stands at about Rs 700 crore. The company’s existing […]
Recent amendment 1. The Ministry of Corporate Affairs issued separate notifications on 24th of March 2021 with a view to promote transparency and accountability in company financial statement, whereby, it brought about changes in the Companies (Audit and Auditors) Rules 2014 (Audit Rules) and also in the Companies (Accounts) Rules 2014 (Accounts Rules) and in Schedule III of the Companies Act 2013. […]
Opportunity and risk work together in a business to chart the path of success (or failure). The markets move on the assumption of a direct relationship between risk and reward – the greater the potential upside, the higher the risks involved. At the same time, the converse may not be true as situations involving higher risk may have little or […]
On consideration of difficulties reported by the taxpayers and other stakeholders in electronic filing of certain Forms under the provisions of the Income-tax Act, 1961 read with Income-tax Rules, 1962 (Rules), Central Board of Direct Taxes (CBDT), in exercise of its powers under section 119 of the Act dated 29th Aug 2021, extends the due dates for electronic filling of […]
GST Calendar –Compliances for the month of August’2021 Nature of Compliances Due Date GSTR-7 (Tax Deducted at Source ‘TDS’) September 10,2021 GSTR-8 (Tax Collected at Source ‘TCS’) September 10,2021 GSTR-1 August 2021 September 11, 2021 IFF- Invoice furnishing facility (Availing QRMP) September 13, 2021 GSTR-6 August 2021 Input Service Distributor September 13, 2021 GSTR-2B (Auto Generated Statement) September 14, 2021 […]
In this edition we have tried to bring to your notice the latest amendment that followed in the month of August, 2021 issued by MCA and RBI. Amendments issued by MCA Companies (Appointment and Qualification of Directors) Amendment Rules, 2021 In exercise of the powers conferred by section 149 read with section 469 of the Companies Act, 2013 (18 of […]
Tiger Global led another round of investment in Infra.Market with $125 million ($928 crore) in a Series D funding. The latest funding round values the company at $2.5 billion (around Rs 18,560 crore). Infra.Market, a technology-enabled marketplace for on-demand construction materials, hit unicorn status (valued at $1 billion [about Rs 7,245 crore]) after raising $100 million (about Rs 724 crore) […]
In order to bring in greater transparency in reporting of financial statements, the Ministry of Corporate Affairs (MCA) vide notification dated 24.03.2021 has amended the Schedule III to the Companies Act, 2013 effective from 01st April, 2021 to mandate various disclosures by companies in their financial statements. This was stated by Union Minister of State for Corporate Affairs Shri Rao […]
In this edition we have tried to bring to your notice the latest amendment that followed in the month of July, 2021 issued by MCA & SEBI. Ministry of Corporate Affairs issues clarification on spending of CSR fund for COVID-19 Vaccination The Ministry of Corporate Affairs vide general circular no. 10/2020 dated 23.03.2020 has clarified that spending of CSR funds […]
On consideration of difficulties reported by the taxpayers and other stakeholders in electronic filing of certain Forms under the provisions of the Income-tax Act,1961 read with Income-tax Rules,1962 (Rules), Central Board of Direct Taxes (CBDT) has decided to further extend the due dates for electronic filing of such Forms vide Circular No.15/2021 dated 03.08.21. The details are as under: Further, […]