Sigmalegal

HIGHLIGHTS OF PRE-PACKAGED INSOLVENCY RESOLUTION PROCESS (PPIRP)

Pre-Pack insolvency for whom? Micro, small and medium enterprises are critical for India’s economy as they contribute significantly to its gross domestic product, works at grass root level and provide employment to a sizeable population. It is expedient to provide an efficient alternative of complex CIRP for entities classified as MSME enterprises ensuring quicker, cost-effective … Read moreHIGHLIGHTS OF PRE-PACKAGED INSOLVENCY RESOLUTION PROCESS (PPIRP)

FINANCIAL STATEMENTS – From the Eye of a CS

What do we understand by the term ‘Financial Statement’? According to Section 2(40) of Companies Act 2013, “FINANCIAL STATEMENT” in relation to a company, includes— a Balance Sheet as at the end of the financial year; a Profit & Loss Account, or in the case of a company carrying on any activity not for profit, … Read moreFINANCIAL STATEMENTS – From the Eye of a CS