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SME Listing- win win all!

Introduction Among all the uncertainties impacting the economy, as regulators are bringing about policy changes, as foreign investors are apprehensive about investing in India– its a sigh of relief for the small and medium sized enterprises(SME), which has a new and easier platform to raise money and advance its growth. SMEs are correctly named as […]

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Minimum Alternative Tax – An overview of issues associated

Legislative history and intent Minimum Alternative Tax (‘MAT’), inspired by similar levies in the western countries, where the objective for introduction of MAT was to increase the revenue base, was first introduced in the Finance Act, 1987 by virtue of section 115J. Apparently, the levy discriminated between corporate vis-à-vis other entities – partnerships, sole proprietorships, […]

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Foreign tax credit – A discussion from Indian context

Interaction of two tax systems, each belonging to a different country, at times results in double taxation of income – economic double taxation or juridical double taxation. Economic double taxation takes place when the same income is taxed in the hands of more than one person. Juridical double taxation takes place when the same income […]

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XBRL: Smart Accounting

XBRL eXtensible Business Reporting Language Introduction XBRL stands for Extensible Business Reporting Language. It is a new global standard of Financial and Business Reporting with an Open Technology. It is used for electronic sharing and communication of business and financial data. It facilitates preparation, analysis and communication of business information. It offers significant cost savings, […]

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FDI Regime: A investor friendly look

Introduction to Draft Press Note on FDI Regulatory Framework A striking and commendable move by DIPP: to come out with consolidated and comprehensive FDI Regulatory Framework. Foreign Direct Investments by non-resident in resident entities through transfer or issue of security to person resident outside India is a ‘Capital account transaction’ and Government of India and […]

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Corporate Governance Voluntary guidelines 2009: A study

“Citizens never support a weak company and birds do not build nests on a tree that does not bear fruits” Minister Salman Khurshid quoted Arthshastra while introducing Corporate Governance Voluntary Guidelines 2009 (CGV Guidelines). These guidelines being recommendatory in nature, focus on fairness, transparency, accountability and responsibility by Indian Incorps. CGV Guidelines are set of […]

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Limited Liability Partnerships

Limited Liability Partnerships, Apple pie for maturing service industry in India
Limited Liability Partnerships can be defined as an alternative to the traditional partnerships and can most appropriately be described as a hybrid between a company and a partnership that not only provides the benefits of limited liability but allows its members the flexibility of organizing their internal structure as a partnership based on a mutual agreement arrived between them.

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Covered Bonds: A Primer

Global Finance Market The US economy is going through a doom, and it goes without saying that it has impacted the entire world’s financial market. The month of September 2008 has witnessed colossal plunge in the finance market. Top investment giants have been nailed down; the fourth largest investment bank of the world: Lehman Bros. […]