What is NBFC in Simple Terms? A Non-Banking Financial Company (NBFC) is akin to a banking company and engaged in the business of providing loans, accepting deposits (only certain NBFCs), leasing, hire ...

Exports of certain commodities may require special approval or license. SCOMET lists down a few such items. SCOMET is an acronym for Special Chemicals, Organisms, Materials, Equipment, and Technology ...

It is akin to a company-wide system to ensure checks and balances IFC Audit is mandatory for all the listed companies in India IFC Audit ensures that the overall operations of the company are in line ...

International transactions are gaining momentum and more companies are getting involved in foreign investments. Therefore, RBI has placed a mechanism whereby the onus has been put on companies ...

Section 80G of the income tax act provides deductions to the assessees in case donations are made to eligible institutions, charitable organizations, and funds approved by the government (herein ...

What are Labour Law Due Diligence Audits? Labour law due diligence audit is a review and evaluation of the adherence to labour laws and regulations. This is also important in case of major corporate ...

On the pride occasion of our 79th Independence Day, our honorable Prime Minister of India, Shri Narendra Modi mentioned about the transformative role of the Goods and Services Tax (GST) since it was ...

Extended Producer Responsibility (EPR) is a vital environmental framework that ensures producers, including importers, take responsibility for the entire lifecycle of their products, particularly in ...

In a significant ruling, the Madras High Court has addressed a crucial question regarding the roles of the Jurisdictional Assessing Officer (JAO) and the Faceless Assessing Officer (FAO) under the ...

Independent organizations that work for social and charitable purposes are called as Non-Governmental Organizations (NGOs). In order to facilitate them in contributing to the greater good, the ...

The Foreign Contribution (Regulation) Amendment Rules, 2024, set to take effect on January 1, 2025, mark a significant update to the Foreign Contribution (Regulation) Act (FCRA), 2010. These ...

Ensuring adherence to Labour Law Compliance is essential for businesses operating in India. Non-compliance can lead to legal challenges, financial penalties, and reputational damage. This guide ...