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How to read a balance sheet

The principle statements of an organisations’ financial performance include the balance sheet, statement of profitability, and the cash flow. These contain important performance indicators, and one of the most relevant…

Modus operandi of fradulent transactions – Frauds using Online Selling platforms

Modus Operandi Fraudsters pretend to be buyers on online selling platform & show interest in your product. Instead of paying money to you, they use “request money” option through UPI…

Mandating the mentioning of FSSAI License/ Registration number on receipts /invoices /cash memo/ bills etc. by food businesses on sale of food products

Dated, the 3oth september, 2021 Reference FSSAI order vide no. 15(31)2020/FoSCoS/RCD/FSSAI dated 8th June, 2021 on the above mentioned subject (Copy enclosed). 2. In view of representation from various Industries…

Modus Operandi of fraudulent transaction – Vishing calls

Vishing Calls Modus Operandi Imposters call or approach the customers through telephone call / social media as bankers / company executives / insurance agents / government officials, etc., and seek…

The cost of failing to produce quality

Mapping expenses due to lack of quality and process deficiencies can improve company profits substantially. Among the many ways in which Covid-19 has affected the economy, maintaining revenue consistency amid…

Modus operandi of fradulent transaction – Phishing Links

Phishing Links Modus Operandi Fraudsters create a third-party website which looks like existing genuine website, such as bank’s website or e-commerce website or search engine, etc. These links are generally…

FSSAI Licence/Registration number is mandatory on Cash receipts, invoices and bills by all food businesses w.e.f 01/10/2021.

Dated, the 8th June, 2021 ORDER Subject: Mandating the mentioning of FSSAI License/ Registration number on receipts /invoices /cash memo/ bills etc. by food businesses on sale of food products,…

Managing cash flows efficiently

It is not about sourcing additional funds for the business, but optimally utilising the available funds Managing cash flow is an essential element for the success of business, and often…

ACCOUNT AGGREGATORS AND THEIR RELEVANCE

Meaning of Account Aggregators As per the Non-Banking Financial Company – Account Aggregator (Reserve Bank) Directions, 2016 Non-banking Financial Companies (NBFCs) that undertake the business of Account Aggregators (AA) provide…

Note on Master Directions on Prepaid Payment Instruments, 2021.

What is it about? Master directions issued by Reserve Bank of India (RBI) under Payment and Settlement Systems Act, 2007 on Prepaid Payment Instruments (PPIs) to: To provide framework for…