Compulsorily Convertible Preference Shares (“CCPS”) are frequently used by companies to raise capital. Whether a mere accounting reclassification of CCPS from borrowings to share capital and securities premium as mandated under Indian Accounting Standards (‘Ind-AS’)— without receipt of any fresh consideration—can trigger taxation under section 56(2)(viib) of the Income-tax Act, 1961 (“the Act”)?

The Directorate General of Civil Aviation (“DGCA”) has introduced a significant reform to India’s aviation safety oversight framework through General Safety Circular No. 01 of 2025 dated 19 June 2025 (the “Circular”)...

Welcome back to our blog series on preparing for an assessment. In the previous blog, we explored what it takes for a business to prepare for an assessment.

Revenue recognition is a cornerstone of accrual accounting system which determines the accounting period in which revenues and expenses are to be realized.

The MCA vide its circular dated 21 August 2019 clarified that appointed date as contemplated under Section 232(6) of the Companies Act 2013 can either be a specific calendar date or a date based on the trigger of a specific event.

Recently, the Employee Stock Options Plan (ESOP) has been introduced in many corporates as a reward scheme for an employee. ESOPs are used to create...

At TMF Group India's offices, various efforts are underway to achieve this.

Due to advancement of technology, now when a company declares dividend, money is transferred to the Demat account of investors electronically.

CFOs today frequently face questions about digital transformation. Digital transformation in finance and accounting offers mid-size companies the promise of enhanced efficiency, accuracy, and strategic decision-making.

The term ‘related-party transaction' can be understood as a deal or arrangement made between two parties or entities who are joined by a pre-existing business relationship or common interest.

The provisions relating to removal of the auditor of an Indian company are primarily governed by Section 140 of the Act.

The current pandemic has made businesses worldwide undergo serious distress.

In the June edition of our monthly newsletter "Legalaxy", our team analyses some of the key developments in securities market, corporate affairs, banking and finance, labour, environment and consumer affairs.

Narrowing options are what turn an ordinary cash-timing gap into a forced equity surrender. The same tools that could close it early become unavailable, one by one, the longer a company waits. This piece traces that sequence through an Indian alcbev company whose 2026 settlement, covering thousands of crores across lenders, suppliers and statutory authorities, cost the founding family a 17.8% equity stake. The pressure had been building for years before formal negotiations began.

In one of our previous pieces, we discussed about the IP audit. We discussed the basics of IP audit and how the industries need to understand the nitty-gritty of IP Audit.

The use of email in offices is a common characteristic of modern-day workplaces that has revolutionized communication—both intra-company as well as with outside clients. However, new technologies have also made it possible for employers to effortlessly monitor office email used by the employee, thereby violating the employee’s right to privacy

Discover critical accounting considerations for fintech companies to ensure compliance with complex and evolving accounting and regulatory requirements.

For many finance teams, the warning signs are familiar. The month-end close often stretches beyond ten days. Different versions of the same profit and loss statement get shared over email, and no one has a clear idea which is the latest file. A single minor change to a formula in a spreadsheet can disrupt the entire consolidation. By the time someone notices the mistake, it might be too late.

On 1ST March 2018 Union Cabinet approved the establishment and functioning of National Financial Reporting Authority, followed by approval by capital market regulator Securities Exchange Board of India.