Government e-Marketplace (GeM)
GeM is a one-stop online procurement portal for all Government buyers including Central/State ministries, Departments, Bodies & PSUs. GeM is dynamic, self-sustaining and user-friendly portal for making procurement by government officers for all Common user goods and services. Statistics of GeM Portal: –Source GeM portal Why Should you select GeM ! GeM advantages for sellers: Access […]
Benefits for Manufacturing MSME units under Gujarat Industrial Policy
Introduction: – Situated on the west coast of India, Gujarat is one of the leading industrialized states in the country. Its geographical area of about 2 Lakhs sq. km. accounts for 6% percent of the total area of India. With a coastline of 1600 km, it’s well connected to all the major ports In all […]
MSME – SAMADHAAN
The country’s MSME sector is beset by issues, one of which is significant delays in receiving payments from buyers. For small and medium businesses, this results in unsustainable working capital cycles. One of the main reasons they become non-performing assets (NPAs) is because of this. To solve this delayed/non-payment, the government of India has launched […]
THE COMPANIES (ACCOUNTS) AMENDMENT RULES, 2021
The Ministry of Corporate Affairs (MCA) vide Notification No. G.S.R. 205(E), dated 24th March, 2021, has issued ‘Companies (Accounts) Amendment Rules, 2021’ to further amend the Companies (Accounts) Rules, 2014. The following are the amendments as per both the aforesaid Rules: Mandatory use of accounting software having recording audit trail: (As per notification, in rule 3, sub-rule […]
ICSI AUDITING STANDARDS (CSAS-1 to CSAS-4) W.e.f. April 1, 2021
ICSI AUDITING STANDARDS (CSAS-1 to CSAS-4) INTRODUCTION The Institute of Company Secretaries of India (ICSI) issued the following four Auditing Standards applicable on the Audit Engagements accepted by the Auditor: · Auditing Standard on Audit Engagement (CSAS-1) Auditing Standard on Audit Process and Documentation (CSAS-2) Auditing Standard on Forming of Opinion (CSAS-3) Auditing Standard on […]
AMENDMENT OF SCHEDULE V “REMUNERATION” UNDER THE COMPANIES ACT, 2013
AMENDMENT OF SCHEDULE V “REMUNERATION” UNDER THE COMPANIES ACT, 2013 The Ministry of Corporate Affairs (“MCA”) has issued a notification dated March 18, 2021, thereby amending the provisions of Schedule V of The Companies Act, 2013 (“Principal Act”), pursuant to the changes made by Companies (Amendment) Act, 2020 (“Amendment Act 2020”) in the provisions of […]