OUR LATEST BLOGS

August 9, 2024

China’s New Company Law: Key Changes and Business Implications

Introduction China has enacted major amendments to its Company Law, marking significant changes in corporate governance and business practices. Adopted by the Standing Committee of the National People’s Congress on December 29, 2023, these reforms aim to modernize the legal framework for businesses, addressing issues such as corporate governance, shareholder rights, and aligning with international standards. The revised law, effective […]

Foreign Market Update
August 9, 2024

Consumer Duty: Ongoing Progress and Future Steps

Overview Since 31 July 2023, Consumer Duty has been effective for open products and services. The FCA granted an additional year for the application of the Duty to closed products and services, culminating on 31 July 2024. Industry Progress Firms across the industry have diligently reviewed their closed products, committing to ongoing evaluations. By the recent 31st July deadline, firms […]

United Kingdom
August 9, 2024

Transaction & Regulatory Advisory Services Alert – July 2024

In this edition we have tried to bring you notice the latest amendment that followed in the month of July, 2024 issued by MCA, RBI and SEBI.  MCA UPDATE Companies (Appointment and Qualification of Directors) (Amendment) Rules, 2024 The Central Government notified the Companies (Appointment and Qualification of Directors) (Amendment) Rules, 2024. According to the Amended Rules the updating of […]

Transaction & Regulatory Advisory Services
August 9, 2024

RNM Tax Alert – Direct Tax Part for July 2024

The table below shows the proposed changes to Tax Deducted at Source (TDS) rates by the Finance (No. 2) Bill 2024 compared to the existing rates. Section Nature of Income Payer Payee TDS Rates Existing Proposed (a) (b) (c) (d) (e) (f) 194DA Payment in respect of Life Insurance Policy Every Payer Resident Person 5% 2% 194F Repurchase of Units […]

Direct Tax
July 20, 2024

Ambuja Cements Acquires South Indian Rival For $1.25 Bn

Adani-owned Ambuja Cements buys Penna Cement Industries for an enterprise value of $1.25 billion (around INR 10,422 crores) for its 14 mtpa of cement grinding capacity and 10.3 mtpa of clinker capacity. While PCIL has been facing liquidity issues, a potential turnaround can enhance the value for Ambuja Cements. At the same time, utilisation ramp-up at PCIL shall bring in additional […]

Corporate Finance
July 13, 2024

The Evolving Landscape of Internal Audit: From SOX to ESG and Beyond

In today’s corporate landscape, maintaining robust governance practices is imperative for sustained growth and stakeholder trust. Internal audit, Sarbanes-Oxley (SOX) audit, and Environmental, Social, and Governance (ESG) frameworks each play a pivotal role in enhancing corporate governance. This article explores the interplay between these three pillars, highlighting their significance in fostering transparency, accountability, and long-term value creation. Internal Audit Internal […]

Internal Audit

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