INTRODUCTION: The board of Directors is considered the main authority to manage and control the affairs of a company. A director is delegated with the powers of supervision and administration of the Company As per section 149 of the Companies Act, 2013, there should be a minimum of two directors in a Private Limited Company...

NEO BANKS Neo banks, also known as digital banks or challenger banks, are financial institutions that operate entirely online without any physical branches. They have become increasingly popular in recent years due to their convenience, low fees, and user-friendly interfaces. Neo banks have a significant benefit in their accessibility due to their lack of physical...

Understanding Options Options are financial contracts that give the holder the right, but not the obligation, to buy or sell an underlying asset at a predetermined price within a specified period. The underlying asset can be a stock, bond, currency, or commodity. Options have to be purchased by paying an extra amount known as the...

Management of Working Capital Working capital management is a crucial aspect of any business, as it involves managing the current assets and liabilities of a company. Effective working capital management aims to ensure that a company has enough liquidity to meet its short-term financial obligations while maximizing profitability. In this blog, we will discuss the...

Save money by Mortgage refinancing ! Mortgage refinancing is the process of replacing your existing mortgage with a new one, usually with different terms, interest rates, and payment schedules. By refinancing your mortgage, you can save money in the long run, but it’s important to understand the process and consider the costs and benefits. Here...

Investing in Debt Mutual Funds? Note the change in Taxability The Modi Government has introduced a tax amendment to the Finance Bill 2023 that will boost certain investment avenues. The new rules state that debt mutual funds with less than 35% of their AUM invested in equity will no longer receive long-term capital gains. Instead,...

    EPR- Definition EPR stands for Extended Producer Responsibility. It is an Authorization which is issued by CPCB (Central Pollution Control Board). The Ministry of Environment, Forests, and Climate Change issued E-Waste (Management) Rules 2022 on November 2, 2022. This will go into effect on April 1, 2023. These regulations shall apply to all...

Whether your company is big or small, financial and accounting tasks are difficult but essential. In addition to hiring an internal accountant, outsourcing accounting services is a more affordable choice. By handling crucial accounting and financial tasks, reputable accounting outsourcing services may free up your time and mind so you can concentrate on growing your...

Very little importance has been given to internal controls in most companies but the management should emphasize strengthening the same so that the processes are followed and deviations highlighted. If the deviations and loopholes are highlighted in a timely manner, many major issues can be avoided and chances of fraud and pilferage are reduced. What...