I. Audit Trail Meaning: An audit trail is a register of every action, event, or activity a user or a system did with your data. Thus, it can be related to creation, modification, deletion of records, or can be a sequence of automated system actions. In accounting, an audit trail is used to trace back …
Major Amendments in Companies Act, 2013 relating to Accounts & Audit Read More »
The Central Government has vide Notification GSR 92(E) dated 01st February 2021 amended the Companies (Specification of Definitions Details) Rules, 2014 which has come into force on the 1st day of April 2021. As a result of the amendment, the definition of Small Company has been revised with the intention to bring in more companies …
Definition of Non- a Banking Financial Company (NBFC) A Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956 or 2013 engaged in the business of loans and advances acquisition of shares/stocks/bonds/debentures/securities issued by Government or local authority or other marketable securities of a like nature leasing, hire-purchase, insurance business chit business …
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