Also Read - RBI New circular for FDI

This is to notify you all that, RBI through its Master Circular dated June 7th, 2018, has introduced Single Master Form (SMF) for all types of reporting in respect to Foreign Investment in India. Implementation of the SMF means that all the Indian entities who have received Foreign Investment in past, have to report the total foreign Investment in a Specified Format. This reporting can be done online from 28th June to 12th July 2018. In order to enable c...

Also Read - 100% FDI in “Other Financial Services”

100% FDI in “Other Financial Services” - a move to attract more foreign capital in India   The Reserve Bank of India issued a notification permitting 100 percent foreign direct investment in ‘Other Financial Services’ carried out by non-banking finance firms under the automatic route.   According to the provisions of present regulations, foreign investment in NBFC up to 100 percent through automatic route was allowed only for following 18 activities: (i) &n...

Also Read - Transparency required in allotment of PSU and Bank Audit

Dear CA friends,   Arbitrary criteria exist for the allotment of audit of public sector units. Every department made their own different rules and conditions for appointment though there is existence of ICAI Multipurpose empanelment form(MEF).   There is something which is hidden and not transparent.  Individual or Proprietor ship concerns are not eligible for PSU Audit only because of non-fulfilment of experience condition. A proprietor ship concern never get experience until...

Also Read - Process flow under TReDS – Trade Receivables Discounting System

a. Corporate buyer sends purchase order to MSME seller b. MSME seller delivers the goods along with an invoice. There may or may not be an accepted bill of exchange depending on the trade practice between the buyer and the seller. c. Thereafter, on the basis of either an invoice or a bill of exchange, the MSME seller creates a

Also Read - Why our currency value is Falling day by day?

Usual discussions on the fall in the rupee bring up macro-economic matters such as slowing economic growth, corporate earnings and market volatility. However, the woes aren't restricted to corporate corridors or the Dalal Street. For the common man, the falling rupee is going to hit where it hurts the most-the pocket.From essentials such as food and education to foreign vacation and the swanky gadget you plan to buy, the falling rupee will hurt you in more ways than one.The Main reason behi...

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