S. Jaykishan

Chartered Accountants

Author Archive for S Jaykishan

Detailed analysis on Issuing Bonus Debentures

Detailed analysis on Issuing Bonus Debentures

– By CS Shreya Jain

Issue of Bonus Debentures, though not a recent phenomenon yet a unique concept does seem to see its glory days ahead. This method is seldomly used by companies, only a handful of companies have has dealt with the idea of issuance of bonus debentures to the equity shareholders was coined by Hindustan Unilever Limited back in 2001. This write up delves deep into the intricacies of issuing bonus debentures.

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Corporate Finance using Blockchain Technology

Corporate Finance using Blockchain Technology

– By CS Shreya Jain

The realm of technology is developing at a much-needed accelerated rate in view of the recent changes happening across the globe.

The advancement technology is also getting infused in the corporate world gradually. A prime example of the same is the blockchain method. In this article we discusses about the use of blockchain method in the corporate segment.

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Individual Taxation – India & the UK

Individual Taxation – India & the UK

– By CA Vivek Newatia
– By CS Shreya Jain

A general confusion exists between citizenship and residential status of an individual. In fact, there are instances wherein both the terms are used alternatively. However, citizenship and residential status are two independent concepts.

In this write-up, the authors have, to the best of efforts detailed out the difference amongst the two and simultaneously analysed the taxation status of an individual in the UK […] Read More >>


Section 233 of the Companies Act, 2013 A conundrum?

Section 233 of the Companies Act, 2013 – a conundrum?

– By CA Vivek Newatia
– By CS Shreya Jain

In light of the changes in the Indian economy, the instances of corporate restructuring have significantly increased to save the companies from tumbling down further. The authors in this write up have made an attempt to analyse the intricacies of one such restructuring, viz. fast-track merger as provided under Section 233 of the Companies Act, 2013.

Fast track merger is an alternate and […] Read More >>


The Companies (Meetings of Board and its Powers) Amendment Rules, 2014

The Companies (Meetings of Board and its Powers) Amendment Rules, 2014

(Date: 17/06/2021)

The Ministry of Corporate Affairs (MCA) have completed scrapped the Rule restraining the presentation of approval of the annual financial statements, approval of the Board’s report etc. via video conferencing.

The government has notified The Companies (Meetings of Board and its Powers) Amendment Rules, 2021 which seeks to amend the Companies (Meetings of Board and its Powers) Rules, 2014 wef 15th June 2021 wherein Rule 4 has been omitted in […] Read More >>


RELAXATIONS IN VIEW OF COVID-19 PANDEMIC

Relaxations in view of COVID – 19 pandemic

(Date: 18/05/2021)

The pandemic while having disrupted the economic activities has impacted the economic growth of nations globally. In this regard, various regulatory measures have been initiated by the Government as well as regulatory bodies in strengthening the Indian economy while keeping the goal of promoting ease of doing business in sight. The measures, inter alia, are stated in the attachment below:

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Analysis of Provisions of Finance Bill, 2021

Analysis of Provisions of Finance Bill, 2021

– By Team S. Jaykishan

India’s Union Budget 2021, the first digital budget, touted as the most important budget in the decades, came at a time when India is reeling under the COVID-19 crisis. It reflects the government’s commitment on digital economy, technology, innovation, and R&D alongside adoption of new-age technologies, such as AI and ML, in administration of companies, taxation, digital payments and focus on fin-tech.

The Union Budget clearly enumerates […] Read More >>


GST e – Invoice

GST e – Invoice

– CA Nidhi Agrawal

GST has been changing ever since its launch. The new buzz word in the area is ‘GST e-invoice’. GST e-invoice aims at curbing GST evasion through issue of fake invoices and also aims at making the returns filing process simpler for businesses. To start with initially the GST Implementation Committee have made the e-invoicing applicable for registered persons having turnover > 500 Crores.

The article compiles and discusses e-invoice, what businesses needs to do, to […] Read More >>


A compilation of COVID-19 related disclosures made in the Auditor’s Report & Financial Statements of Listed Companies

A compilation of COVID-19 related disclosures made in the Auditor’s Report & Financial Statements of Listed Companies

– Team S. Jaykishan

The below article is a compilation of the disclosures made in the audit report and financial statements by some of the listed Companies in their Annual Report of Financial Year 19-20 in relation to the COVID – 19 outbreak. The document is updated last on 11th of June, 2020.

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MCA extends timeline for Name Reservation and Re-submission for Cos. and LLP’s

MCA extends timeline for Name Reservation and Re-submission for Cos. and LLP’s

(Date: 23/04/2020)

In view of the situation arising due to COVID-19 pandemic , the Ministry of Corporate Affairs (MCA) has extended timeline for Name Reservation and Re-submission for Companies & LLP’s by 20 days. As per norms, INC-24 –Application for Name Change (to be filed within 60 days) now, names expiring any day between 15.03.2020 to 03.05.2020 would be extended by 20 days beyond 03.05.2020.

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