Problems & Solutions under COVID-19 for Businesses & Professions
- Year of Publication: 2020
- Edition: 1st
- ISBN: 978-93-86920-67-6
The entire world is facing an unprecedented crisis by the Lockdowns to prevent the spread of COVID-19. The economy is in shambles. This challenging situation has prompted the Government and several regulatory authorities to come up with solutions to reduce the damages and to help restore the economy. The corporate world will need to address unfamiliar situations and look for solutions. This book makes an attempt to provide at one place the innumerable problems and solutions to be faced by the businesses and professionals in their day to day consultancies.
Key Features
- Force majeure and commercial contracts
- Payment of lease rent and wages
- Covid Relief package by RBI, Loan Default, Bank Guarantee Invocation and Stamp Duty on loan agreements
- Income Tax and GST measures including ITC ceiling
- Special measures under Companies Act & LLP Act
- Relaxation in SEBI-LODR requirements
- CSR expenditure on Covid-19 related activities
- Financial Reporting and Audits including CARO, 2016
- Measures notified under IBC and Companies Act
- Cheque bounce under Negotiable Instruments Act
- Lockdown and Law of Limitation
- Delayed payments of MSME Dues
- Work From Home and Confidentiality Breaches
- Cyber crimes during lockdown
- Arbitration proceedings during lockdown
- RERA and impact of lockdown
- Ceasing to be a Director
- Directors’ Powers and Rights
- Meetings and Proceedings of Board and Committees
- Managerial Personnel and Key Managerial Personnel
- Remuneration of Directors, Managerial Personnel and Key Managerial Personnel
- Manager: Definition, Position, Appointment and Remuneration
- Directors' Interests and Its Disclosure
- Related Party Transactions
- Loans to Directors and Others
- Duties and Responsibilities of Directors
- Liabilities of Directors
CA. Kamal Garg is a Fellow Member of The Institute of Chartered Accountants of India (ICAI) and a First Class Commerce Baccalaureate from Deen Dayal Upadhyaya College, University of Delhi and an academic resource partner in KGMA, Delhi. He has also qualified post qualification course on Diploma in Information System Audit (DISA) conducted by ICAI. Besides this he is also an Insolvency Professional registered with Insolvency and Bankruptcy Board of India (IBBI). He was also the member of Board of Studies (BOS) Study Material Research Group (2009-2010) of NIRC of ICAI and a special invitee member of Accounting Standards Board (ASB) [2012-2013 and 2020-2021] and Ind- AS (IFRS) Implementation Committee [2014-2015] of ICAI. He was also nominated as a special invitee member to the Committee on Banking, Insurance and Pension (2014-2015) of NIRC of ICAI. He is also the faculty resource of Ethical Standards Board (ESB) and Peer Review Board (PRB) of ICAI. He is also a key resource person for development and review of various study contents and webcasts for BOS of ICAI, such as study material and practice manual on Advanced Auditing for CA Final, eLectures for CA IPCC and CA Final studies, etc.
Besides being a regular guest speaker for IFRS and Management Development Programmes at various forums including ICAI and ICSI, he is also an author of over dozens of book(s) and commentaries on company and commercial laws including Ind AS. He possesses a rich industry experience in the areas of Corporate Laws (like Companies Act, FEMA, Taxation, Foreign Collaborations, Joint Ventures, etc.), Audits and Management Consultancy.
Bharat is a 'trade-name' for a group of concerns, popularly known as Bharat Law House and Bharat Law House Pvt. Ltd. Bharat is one of the most reputed publishers of law books with an experience of over six decades. It possess a very diverse range of publications covering not only the area of taxation - direct and indirect - but also company law, insolvency capital market, finance, industrial law, foreign exchange, commercial, civil and criminal laws. The students publications for CA, CS, CMA, CFA, MBA, graduate and post-graduate studies have carved out a niche for themselves. The Publication House has a professionally qualified team with strong in-house capabilities. Their strength lies in the patronage of legal luminaries in every field. They strive for accuracy, authenticity and sincerity.
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- Year of Publication: 2020
- Edition: 1st
- ISBN: 978-93-86920-67-6
The entire world is facing an unprecedented crisis by the Lockdowns to prevent the spread of COVID-19. The economy is in shambles. This challenging situation has prompted the Government and several regulatory authorities to come up with solutions to reduce the damages and to help restore the economy. The corporate world will need to address unfamiliar situations and look for solutions. This book makes an attempt to provide at one place the innumerable problems and solutions to be faced by the businesses and professionals in their day to day consultancies.
Key Features
- Force majeure and commercial contracts
- Payment of lease rent and wages
- Covid Relief package by RBI, Loan Default, Bank Guarantee Invocation and Stamp Duty on loan agreements
- Income Tax and GST measures including ITC ceiling
- Special measures under Companies Act & LLP Act
- Relaxation in SEBI-LODR requirements
- CSR expenditure on Covid-19 related activities
- Financial Reporting and Audits including CARO, 2016
- Measures notified under IBC and Companies Act
- Cheque bounce under Negotiable Instruments Act
- Lockdown and Law of Limitation
- Delayed payments of MSME Dues
- Work From Home and Confidentiality Breaches
- Cyber crimes during lockdown
- Arbitration proceedings during lockdown
- RERA and impact of lockdown
- Ceasing to be a Director
- Directors’ Powers and Rights
- Meetings and Proceedings of Board and Committees
- Managerial Personnel and Key Managerial Personnel
- Remuneration of Directors, Managerial Personnel and Key Managerial Personnel
- Manager: Definition, Position, Appointment and Remuneration
- Directors' Interests and Its Disclosure
- Related Party Transactions
- Loans to Directors and Others
- Duties and Responsibilities of Directors
- Liabilities of Directors
CA. Kamal Garg is a Fellow Member of The Institute of Chartered Accountants of India (ICAI) and a First Class Commerce Baccalaureate from Deen Dayal Upadhyaya College, University of Delhi and an academic resource partner in KGMA, Delhi. He has also qualified post qualification course on Diploma in Information System Audit (DISA) conducted by ICAI. Besides this he is also an Insolvency Professional registered with Insolvency and Bankruptcy Board of India (IBBI). He was also the member of Board of Studies (BOS) Study Material Research Group (2009-2010) of NIRC of ICAI and a special invitee member of Accounting Standards Board (ASB) [2012-2013 and 2020-2021] and Ind- AS (IFRS) Implementation Committee [2014-2015] of ICAI. He was also nominated as a special invitee member to the Committee on Banking, Insurance and Pension (2014-2015) of NIRC of ICAI. He is also the faculty resource of Ethical Standards Board (ESB) and Peer Review Board (PRB) of ICAI. He is also a key resource person for development and review of various study contents and webcasts for BOS of ICAI, such as study material and practice manual on Advanced Auditing for CA Final, eLectures for CA IPCC and CA Final studies, etc.
Besides being a regular guest speaker for IFRS and Management Development Programmes at various forums including ICAI and ICSI, he is also an author of over dozens of book(s) and commentaries on company and commercial laws including Ind AS. He possesses a rich industry experience in the areas of Corporate Laws (like Companies Act, FEMA, Taxation, Foreign Collaborations, Joint Ventures, etc.), Audits and Management Consultancy.
Bharat is a 'trade-name' for a group of concerns, popularly known as Bharat Law House and Bharat Law House Pvt. Ltd. Bharat is one of the most reputed publishers of law books with an experience of over six decades. It possess a very diverse range of publications covering not only the area of taxation - direct and indirect - but also company law, insolvency capital market, finance, industrial law, foreign exchange, commercial, civil and criminal laws. The students publications for CA, CS, CMA, CFA, MBA, graduate and post-graduate studies have carved out a niche for themselves. The Publication House has a professionally qualified team with strong in-house capabilities. Their strength lies in the patronage of legal luminaries in every field. They strive for accuracy, authenticity and sincerity.
