PK CHOPRA

The Process of Due Diligence Services in India

If you happen to be an entrepreneur or a sale one that has his/her sights on the acquisition of a business, it’s your right to examine the financial records, and research that’s company activity related. Due diligence services in India enters the image at now and ensures that related information is compiled. It also seesContinue reading “The Process of Due Diligence Services in India”

General Financial Rules (GFR Rules)

The General Financial Rules (GFRs) are the general rules of Government of India (GOI) which are applicable to all Government Ministries/Departments. Exceptions are provided in the Rules. These rules are applicable in matters relating to Public Finance, that is, Matters relating to Revenue and Expenditure of Government. These rules were first introduced in 1947 andContinue reading “General Financial Rules (GFR Rules)”

New Valuation Regime under Companies Act, 2013

Till now, only an ad-hoc framework for valuation professionals was in place, which is basically governed by the Companies Act, and the government has designated the Insolvency and Bankruptcy Board of India (IBBI) as the authority to implement the new regime of registered valuers. The move came at a time when stressed companies worth thousandsContinue reading “New Valuation Regime under Companies Act, 2013”

Top Businesses In India

Over the last decade, many strong economic reforms are implemented by the govt of India. The introduction of GST and investor-friendly laws helped many industries to extend profit and for several to sustain. These favorable conditions are making India stand firmly during these critical financial conditions worldwide. Following are the ten leading industries in India,Continue reading “Top Businesses In India”

The Process of Due Diligence Services in India

Audit under CFR regulations – Code of Federal Regulations

This Article talks about the overview for conducting audit as per Code of Federal Regulations CFR, standards for obtaining consistency and uniformity for the audit of Indian Government and Non-Government social bodies which are granted Aids by Government and Non-Government US agencies. In context to audits for projects executed by Healthcare and Hospital ‘s relatedContinue reading “Audit under CFR regulations – Code of Federal Regulations”

Impacts of Covid-19 on Financial Reporting

INTRODUCTIONCOVID-19, an infectious disease caused by a novel Coronavirus is exponentially spreading illness and causing deaths to citizens throughout the globe and has been recognized as a global pandemic by the WHO. COVID-19 has not only affected the health of people across the globe and it has also caused severe disturbances in the global economicContinue reading “Impacts of Covid-19 on Financial Reporting”

Spending of CSR funds for COVID-19 is an eligible ‘CSR activity’

Keeping in view the spread of novel Coronavirus in India, its declaration as pandemic by WHO, and decision of Government to treat it as notified disaster, it has been clarified that spending of CSR funds by companies for COVID-19 cause shall be eligible CSR activity under Companies Act, 2013. Funds may be spent for variousContinue reading “Spending of CSR funds for COVID-19 is an eligible ‘CSR activity’”

Detailed comparison of CARO 2016 with CARO 2020

In pursuance of its objective of strengthening the corporate governance framework under the Companies Act, 2013 to attain the national objective of becoming a $ 5 Trillion economy, powers conferred under sub-section (11) of section 143 of the Companies Act, 2013 and in supersession of the Companies (Auditor’s Report) Order, 2016, the Central Government hasContinue reading “Detailed comparison of CARO 2016 with CARO 2020”

E-FRRO compliance for foreign nationals in India

Under Indian law, the legal rights and the restrictions imposed on foreign nationals depend on whether they are categorized as residents or non-residents. Entry into India generally requires a valid visa granted by an Indian Mission (that is, consulate of the Indian embassy) abroad. Furthermore, foreign nationals who enter India must register themselves with theContinue reading “E-FRRO compliance for foreign nationals in India”