Cost Accountants recognised as Registered Valuer under Companies (Registered Valuers and Valuation) Rules, 2017.

E Way Bill [An understanding of e-way bill provisions]

A waybill is a document issued by a carrier giving details and instructions relating to the shipment of a consignment of goods . Typically it will show the names of the consignor and consignee , the point of origin of the consignment, its destination, and route . Accordingly, it’s an official shipping document that travels with a shipment, identifies its consignor, consignee, origin and destination, describes the goods, and shows their weight and freight. The Central Government vide Notification No. 27 /2017 – Central Tax dated 30.08.2017 has amended the CGST Rules, 2017, to incorporate the provisions of e-way bill. Detailed analysis of the provisions of e-way bill in question answer form are as follows: 1. When the provisions of e way bill applicable in India? Ans. E way bill provisions shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint. Accordingly, these provisions shall be applicable from a future

INVESTMENT IN MUTUAL FUND

What is a Mutual Fund? A mutual fund is a pool of money managed by a professional money manager. The objective and the risk level are outlined in a document called a prospectus. The prospectus provides detailed guidelines for the types of investments the manager can purchase. A mutual fund is also known as an open-ended investment fund, which means the fund sells units (of this pool on money) upon request. What are the benefits of purchasing a mutual fund ? Professional Management: The fund company hires talented money managers who have many resources behind them (including a team of people dedicated to researching, tracking, determining trends, and doing thorough analysis), and who work full time on your behalf. Diversification: Lowers the risk because, regardless of the size of your investment, each unit purchased is made up of many different investments. Liquidity: Mutual funds can be sold anytime, and easily Flexibility: Mutual funds allow you to purchase as much

Overview of Insolvency and Bankruptcy Code 2016

The Insolvency and Bankruptcy Code, 2016 is one of the major economic reform Code initiated by the Government in the year 2015. 1. There were multiple overlapping laws and adjudicating forums dealing with financial failure and insolvency of companies and individuals in India. 2. The existing laws also were not aligned with the market realties, had several problems and were inadequate. 3. As per that legal framework, provisions relating to insolvency and bankruptcy for companies could be found in the Sick Industrial Companies (Special Provisions) Act, 1985, the Recovery of Debt Due to Banks and Financial Institutions Act, 1993, the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 and the Companies Act, 2013. 4. Resolution and jurisdiction vesting with multiple agencies with overlapping powers was leading to delays and complexities in the process. 5. To facilitate easy and time bound closur

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