Ashish M. Shaji has done his graduation in law (BA. LLB) from CCS University. He has keen interests in doing extensive research and writing on legal subjects especially on corporate law. He is a creative thinker and has a great interest in exploring legal subjects.
The Prevention of Money Laundering Act 2002 is one of the primary legislations to counter the offence of money laundering. It has envisaged enormous power to the Enforcement Directorate[1], which...
Auditing is one of the fundamental processes carried out in an organization, it’s a crucial responsibility which cannot be undermined by the entity. An auditor is responsible for taking up...
Misstatement in financial statements refers to the difference of an amount, classification or disclosure between items in the financial statements. Generally, misstatements can be termed as the difference between what...
Various statutes confer the power of recording statements to the investigating agencies. The investigating agencies can record statements of the accused and the witnesses, which are verified during the course...
Section 83 of the Central Goods and Service Tax Act contains the provision relating to the attachment of property under GST. It provides for provisional attachment of the assessee's property...
In India, the PML Act is the legislation which seeks to curb instances of money laundering. Under section 5 of the Act, the investigating agency, the Enforcement Directorate, has the...
As businesses worldwide grow more competitive, it has become equally crucial for them to have a more in-depth understanding of the market. Further, if an entity wishes to increase its...
The Income Tax Appellate Tribunal (ITAT) deals with appeals against the orders passed by the income tax authorities. The idea behind forming an appellate tribunal was to lower the burden...
Financial accounting is the process of collecting data in order to create financial statements. On the other hand, managerial accounting is the internal process followed by a company to track...
At times looking at the numbers on your financial statements can be an overwhelming experience. This is because a lot of information makes it difficult to decide which is the...
Instances of fake GST registration have been reported in the last few months. The modus operandi for this involves using documents of another person and obtaining GST registration. The impersonator...
The Supreme Court of India recently stated that state enactments such as Kerala Money Lenders Act, 1958 and Gujarat Money Lenders Act, 2011 shall have no application to NBFCs regulated...
