Tag: J Sagar Associates

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Quote by Madhurima Mukherjee Saha, Senior Consultant, J Sagar Associates on Government eases compliance burden on unlisted companies…

Feb 20, 2021 by Rekha Nair 0 Comments #J Sagar Associates, #Madhurima Mukherjee Saha, #Senior Consultant

“The recent MCA move to ease the norms for unlisted public companies issuing non-convertible debt and non-convertible preference shares, seems logical. Unlisted public companies, with debt or preference shares listed were counted as listed companies and fell within the rigorous compliance scanner under the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, and under the Companies Act. The move to liberalize the definition of listed companies will give the deserved impetus to the bond market, when the economy will emerging slowly out of the post-COVID era. Small companies and start-ups in growth mode can easily access a wider pool of creditors without burdening themselves with greater compliance and costs”. – Madhurima Mukherjee Saha, Senior Consultant, J Sagar Associates

Business World

Union Budget Reaction: Rohitashwa Prasad, Partner, J Sagar Associates on Disinvestment target by FM

Feb 1, 2021 by Neel Achary 0 Comments #J Sagar Associates, #Partner, #Rohitashwa Prasad

“For FY 21, the GoI had set a very high disinvestment target of Rs. 2.1 lakh crore, which, in the backdrop of the disruptions caused by the Covid pandemic proved too ambitious to realise. The target of Rs. 1.75 lakh Crore for FY 22 may, given the expected realisation amount from companies whose disinvestment process has already commenced and given the sectors and targets identified in the budget for disinvestment, not prove to be unrealistic. If the public markets continue to be as buoyant as seen recently, and if global liquidity conditions are favourable, the target could very well be achieved.” Rohitashwa Prasad, Partner, J Sagar Associates

Business World

Ref I Quote by Kumarmanglam Vijay, Partner, J Sagar Associates on Newly launch platform for “Transparent Taxation–Honoring the Honest” by Hon Prime Minister of India Narendra Modi

Aug 13, 2020 by Gouri Achary 0 Comments #“Transparent Taxation–Honoring the Honest”, #J Sagar Associates, #Kumarmanglam Vijay, #Partner, #Quote

“Proposed reforms launched by the Prime Minister to simplify assessment and appellate process coupled with an initiative to provide pre-filled return forms to taxpayers are steps towards making the process technology-driven and easy to comply for a common person. Government has rightly increased the thresholds for appeals to be filed by the Revenue to reduce litigations. These steps may significantly improve the direct tax to GDP ratio in going forward after reforms are fully implemented.” by Kumarmanglam Vijay, Partner, J Sagar Associates