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Business landscape is constantly evolving everyday with increasing need of risk assessment, regulatory compliances, globalisation of financial services and escalating cross-border transactions (mergers and acquisitions). As a result, businesses are finding it increasingly difficult to adhere to global compliances and manage business complexities.
With our expertise in corporate and tax laws and advisory services, we deliver value by combining knowledge of local laws, qualitative research and grass-root intelligence, and act as catalyst for growth of business. Our scale, reach and intellectual capital enables us to develop relationships and deliver effective responses. Our customised approach has been appreciated by our clients as evidenced by their continued trust and confidence in us.
At S. JAYKISHAN, we create value for clients through our intelligent and fervent intervention. Our firm of Chartered Accountants has the perfect balance of knowledge and experience to deal with the ever changing business scenario. Our service strategy, fine-tuned over four decades, integrates three powerful forces:
a) The ability to provide a process driven approach, customized to meet specific client requirements;
b) The continuity of professional service that comes from high staff retention rates and rewarding of new talent.
c) A culture of integrity, exploration, innovation and client satisfaction.
KnowledgeBase – Recent Articles
Actionable Claim u/s 2(1) of the CGST Act, 2017
– By CA Nidhi Agrawal
This Article draws reference to Section 2(1) of the CGST Act, 2017 which defines actionable claim as:
“actionable claim shall have the same meaning as assigned to it in section 3 of the Transfer of Property Act, 1882”
Section 3 of the Transfer of Property Act (TPA) provides that:
“actionable claim means a claim to any debt, other than a debt secured by mortgage of immovable property or by hypothecation or [...] Read More >>
Analysis of Provisions of Finance Bill, 2019
– By Team S. Jaykishan
The Finance Minister Nirmala Sitharaman presented her maiden budget in Modi 2.0 Government in Lok Sabha on July 05, 2019. This Budget has closely watched to understand the Government’s directional framework for the next five years which is guided by the dictum of “blue sky thinking” and making India a $5 trillion economy by 2024-25.
The FM’s speech aimed at Vision for the decade to be achieved by [...] Read More >>
Revised Standards on Auditing | Audit Report Formats
– CA Vivek Newatia
The Standard on Auditing (SA) 700 deals with the auditor’s responsibility to form an opinion on the financial statements. It also deals with the form and content of the auditor’s report, issued based on audit of the financial statements.
In accordance with the revisions in ISA 700 by The International Federation of Accountants, ICAI has made corresponding revisions to SA 700. Accordingly, the format of auditor’s report has been changed.
The Council [...] Read More >>
KYC of Active Companies – MCA’s spree to clean up the waste
– CS Aditi Jhunjhunwala
– Mayank Kumar
In its further endeavour to eradicate the sham companies the Ministry of Corporate Affairs has come up with Notification dated 21st February, 2019 inserting Rule 25A vide Companies (Incorporation) Amendment Rules, 2019 providing for KYC of companies pursuant to powers under section 12 (9) and 469 of the Companies Act, 2013.
The introduction of ACTIVE is another fall out of the MCA’s drive after striking of [...] Read More >>
Merger of Limited Liability Partnership and Company – An Analysis
– CA Vivek Newatia
– CS Khushboo Jain
This article highlights the proposition of a LLP or firm merging into a company a landmark judgement passed by the National Company Law Tribunal, Chennai Bench.
Reaping the benefits of a merger or acquisition is a tricky business. Outcomes are uncertain, previously unknown or unimportant facts suddenly emerge as critical, and there are many moving parts to control. The article primarily discusses on the facts of the [...] Read More >>