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Insurance License

An Exhaustive Analysis of Insurance Brokers Code of Con...

Insurance Brokers code of conduct

Insurance Brokers specialise in risk and management. They provide professional advice to their customers on the insurance policies suitable to them and for...

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Finance & Accounting

An overview of Contingent Liabilities and Commitments...

Contingent Liabilities

The books of accounts do not recognise contingent liabilities. However, in Ind AS-37 Provisions, Contingent Liabilities and Contingent Assets, it is necess...

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Micro Finance Company

RBI’s Master Direction on Regulatory Framework for Mi...

Regulatory Framework for Microfinance Loans

Recently, the Reserve Bank of India (RBI) has released Master Directions on Regulatory Framework for Microfinance Loans, 2022 wherein RBI has directed that...

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Finance & Accounting

Significant disclosure under IFRS 7 for Financial Instr...

IFRS 7

IFRS 7 is one of three IFRSs that apply to financial instruments: IAS 32, IAS 39, and IFRS 7. IAS 39 is being revised in stages; a portion of the...

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Taxation

An overview of Tax on Slump Sale

tax on slump sale

Many businesses have multifaceted operations where they have been indulging in various businesses. They have separate entities or undertakings having their...

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Income Tax

Dilemma over delayed interest payment

delayed interest payment

The process of getting a refund back from the Income Tax Department is in itself a very tedious task. It comes with its own set of challenges and delays. O...

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Insurance Web Aggregator

Grounds for Insurance Web Aggregator License Cancellati...

Insurance Web Aggregator License Cancellation

An insurance web aggregator license is mandatory for an entity to offer the services of insurance web aggregator. Without having this license, nobody can c...

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PMLA

PMLA doesn’t prevent authorised officer from passing...

provisional attachment order

The Supreme Court recently on 14th February, 2022 declared that there exists no provision under the Prevention of Money Laundering Act, 2002 (PMLA)  r...

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