Nidhi Company loans, like any financial products, have both advantages and potential drawbacks. It’s essential for borrowers to understand the complete picture before taking a loan from a Nidhi Company. Here are some untold truths and considerations about Nidhi Company loans: Advantages: Accessibility: Nidhi Companies often serve local communities and are more accessible to borrowers, … The Untold Truth about Nidhi Company Loans Read More »
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While transfer pricing is a valuable tool for multinational companies, it also has a dark side that can pose risks and challenges. Here’s what to watch out for: Tax Avoidance and Evasion: Some companies may misuse transfer pricing to artificially shift profits to low-tax jurisdictions, leading to tax avoidance and, in extreme cases, tax evasion. … The Dark Side of Transfer Pricing: What to Watch Out For Read More »
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Internal audits play a critical role in an organization’s governance, risk management, and compliance efforts. However, there are common blunders that internal audit teams can make, which can undermine the effectiveness of their audits. To ensure your internal audit function is on the right track, here are some blunders to avoid: Lack of Clear Objectives: … Are You Making These Internal Audit Blunders? Read More »
Read MoreTransfer pricing refers to the pricing of goods, services, or intellectual property transferred between related entities within a multinational company. It is a complex area of taxation and financial management that requires careful consideration to ensure compliance with tax laws and regulations while optimizing the company’s overall tax position. Here are some expert tips and … Mastering Transfer Pricing: Expert tips and Tricks Read More »
Read MoreNailing your internal audit every time requires a systematic and thorough approach. Here are nine steps to help you achieve success in your internal audits: Understand the Audit Objectives: Begin by clearly understanding the objectives of the audit. What are you trying to achieve? What are the key risks and areas of focus? Plan Effectively: … Must-Try! 9 steps to nail your internal audit every time! Read More »
Read MoreThe legal framework governing Nidhi Companies in India is primarily established under the Companies Act, 2013, along with related rules and regulations. Nidhi Companies are regulated by the Ministry of Corporate Affairs (MCA) and, in some aspects, by the Reserve Bank of India (RBI) as well. Here’s an explanation of the legal framework behind Nidhi … Explained: The Legal Framework Behind Nidhi Companies! Read More »
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1.What is FFMC Registration? FFMC registration is a kind of permit that allows the company willing to undertake the business of the money changing activity or Forex Currency Exchange. Under Section 10 (1) of the FEMA Act (Foreign Exchange Management Act), 1999, AMC (Authorized Money Changers) are the entities or individuals authorized by the RBI … FULL FLEDGED MONEY CHANGER LICENSE Read More »
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Process of Incorporation of Foreign Subsidiary / Wholly Owned Subsidiary/ Foreign Company Whenever anyone incorporate a Company in India as ‘Subsidiary” or “Wholly owned Subsidiary (WOS)” of a Company incorporated outside India. Many questions came into notice like: (i) What are the information/ Documents required from foreign Company? (ii) Whether presence of authorized representative of … Process of Incorporation of Foreign Subsidiary / Wholly Owned Subsidiary/ Foreign Company Read More »
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About GST GST stands for Goods and Services Tax, a value-added tax levied on most goods and services sold for domestic consumption. It is a comprehensive indirect tax in India, introduced on July 1st, 2017, replacing multiple cascading taxes levied by the central and state governments. GST is administered by the Central and State Governments … GST Read More »
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