We believe in better. InCorp Advisory is becoming Ascentium India. Our new home will be ascentium.com/in.
We believe in better. InCorp Advisory is becoming Ascentium India. Our new home will be ascentium.com/in.
We believe in better. InCorp Advisory is becoming Ascentium India. Our new home will be ascentium.com/in.
We believe in better. InCorp Advisory is becoming Ascentium India. Our new home will be ascentium.com/in.

Demystifying Basics of Employee Stock Option Plans

Employee stock option plans (ESOP) should help in building a skilled workforce, essential for company success in the modern world. Employee stock options have gained significant popularity in India thanks to the thriving ESOP startup culture, making them increasingly advantageous. <h1What is ESOP? An Employee Stock Option Plan (ESOP) is a method of rewarding key […]

Fund Management Entities under GIFT IFSC – Regulations 2023

Gujarat International Financial Tech-City (‘GIFT’) in India is a strategic initiative aimed at promoting offshore financial services activities. It seeks to create a competitive ecosystem that enables India to compete with established global financial services jurisdictions. A key aspect of this initiative is the development of a robust asset management industry within GIFT IFSC. To […]

Transfer Pricing: Meaning, Objective, Benefits, and Applicability

A transfer price arises for accounting and taxation purposes when related parties, such as divisions within a company or a company and its subsidiary, report their own profits. When these related parties are required to transact with each other, a transfer price is used to determine costs. Transfer prices generally do not differ much from […]

Ambiguity Over Preference of Payment to Statutory Dues Under IBC Law Continues

The Supreme Court dismisses the review petition in the case of Rainbow Papers Limited thereby legal position held by the SC that tax authorities, in their pursuit of recovering tax dues, will be entitled to the same rights as secured creditors within the framework of the Insolvency and Bankruptcy Code, 2016 (IBC) waterfall mechanism. Background […]

Dematerialization of Share Capital: New Regulations and Compliance Requirements

Ministry of Corporate Affairs vide their notification dated 27th October 2023, introduced the Companies (Prospectus and Allotment of Securities) Second Amendment Rules, 2023, which mandates all private companies, except small and government companies, to dematerialize their share capital by 30th September 2024, and thus ensuring that any issue of new securities shall be only in dematerialized form. Below […]

New Valuation Rules to Determine Angel Tax

The Central Board of Direct Taxes (CBDT) has issued a notification* that amends Rule 11UA of the Income-tax Rules, 1962 (the Rules). This notification outlines the valuation methods to be used for establishing the fair market value of investments in shares by resident and non-resident investors in closely held companies (CHCs) (like ‘start-ups’). This method will be […]

Portfolio Management Services in GIFT: Framework and Benefits

Everything You Need about Portfolio Management Services in GIFT City

In April 2015, the Government of India (GoI) opened India’s first International Financial Service Centre (IFSC) at GIFT City in Gujarat. An IFSC provides the very competitive cost of operations with various tax benefits, single-window clearance,  and relief under various company law provisions. SEBI announced that asset managers can offer portfolio management services (PMS) in […]

Winding Up Of A Company – IBC, 2016 Vs Companies Act, 2013

There are several grounds on which a company may be wound up in India. The two major laws governing winding up of a company are the Insolvency and Bankruptcy Code (IBC), 2016 and the Companies Act, 2013. In this blog, we’ll be looking at the grounds which are covered for winding up of a company […]

Income Tax Rule 11UACA: Complete Overview of the Latest Update

The Central Board of Direct Taxes (CBDT) vide notification no 61/2023/F. No. 370142/28/2023-TPL dated August 16, 2021, has notified Rule 11UACA of Income-tax Rules 1962 (the Rules) for computation of Income chargeable under Income from Other Sources per section 56(2)(xiii) of the Income-tax Act 1961 (the Act).  <h1d=”Background”>Background Finance Act 2023 inserted section 56(2)(xiii) of […]

GIFT City: India’s Upcoming Economic and Financial Hub

India, with its expeditiously growing economy and increasing global influence, is constantly seeking avenues to support its position as an economic and financial powerhouse. In this pursuit, GIFT City has emerged as an unconventional project that aims to transform India’s financial landscape. With its state-of-the-art infrastructure, innovative regulatory framework, and a favourable business environment, GIFT […]

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