IBC suspension leaves door open for fraud: Experts

As per the ordinance issued on Friday, proceedings under the Insolvency and Bankruptcy Code can never ‘ever’ be filed for defaults occurring during the suspension period. This implies that promoters of companies that have the capacity to repay dues could force a default during this period and...

Could COVID-19 Be Making Your Organisation Vulnerable To Occupational Frauds?

Fraud and related vulnerabilities experienced by an organisation during the COVID-19 crisis are spread across the three branches of the Occupational Fraud Tree - Bribery & Corruption, Asset Misappropriation and Financial Statement Frauds.

Input Tax Credit optimisation during COVID-19

Nifty ends below 8,850, Sensex falls over 1,000 pts on lockdown extension; Cipla gains 5%

Sensex plunges over 1,000 points: Here are key triggers for today's losses

Nirmala Sitharaman gives MSMEs enormous headroom to grow bigger with revised definition

Ease of Doing Business for MSMEs: With the revised definition, combining manufacturing and service MSMEs to enjoy the same benefits, investment less than Rs 1 crore and turnover under Rs 5 crore will be defined as micro-units.

Banks and manufacturing companies look at significant deferred tax asset hit on financials

Companies may have to write off tax assets in absence of projected profits. In the April-June quarter, several companies may be impacted because they are unable to set off deferred tax assets against payable taxes, industry trackers said. Deferred tax assets are set-off against future projected...

Navigating merger & acquisition activity during Covid-19

At the start of the year, M&A experts predicted 2020 to surpass 2019 in terms of deal activity. However, since the outbreak of the coronavirus things have changed dramatically, with the unpredictability of the magnitude and uncertainty of its potential impact significantly impacting the deal...

MSMEs hail RBI’s time extension for receiving payments on exports from Covid-19 hit countries

Trade, Imports, Exports for MSMEs: The RBI said that the extension will help exporters “realise their receipts, especially from COVID-19 affected countries within the extended period.”