A Discussion on Related Parties

PDF copy of this note is available here: a-discussion-on-related-partiesDownload Related party transactions are common as they make a lot of business sense – they are easier, more flexible and more beneficial compared to transactions with other parties. However, since there is a chance that they may not take place at arm’s length and hence may …

Changing Forms and Tools

MCA had passed the Companies (Audit and Auditors) Amendment Rules, 2018, Companies (Management and Administration) Amendment Rules, 2018 and Companies (Authorised to Register ) Amendment Rules, 2018 to bring about some minor changes in the Forms: Forms ADT-1 (Notice of appointment of auditor) Form ADT-2 (Application for removal of auditor before expiry of term) Form …

MCA’s Announcements – Filing of Ind-AS financial statements, Registered Valuers

i. Last Date for Filing XBRL financial statements with ROC Extended Ind-AS Financial Statements in XBRL format Companies preparing Ind-AS Financial Statements either on a mandatory basis or voluntarily are compulsorily required to file in XBRL format. The XBRL tool for such Ind-AS financial statements is expected to be made available by 28.02.2018 and the …