Dear Friends, I am FCS Deepak Pratap Singh [ B.Sc., LLB, FCS, FIII, CIAFP,CRMP] having 24 years experience in the field of Direct Taxation, GST, Accounts and Finance, Secretarial & Legal & Insurance.
To continuously explore opportunities for growth by learning, synergizing and blending my competencies with a dynamic organization and further updating myself in harmony with organizational goals as an astute and result oriented professional.
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Regulatory Compliances, Secretarial Compliances, Finance, AML, FEMA, Corporate Law, Labour Compliance, CMA, Project Report, Direct & Indirect Taxes etc.
CS
LLB
Maths ( Hons.)
FIII
Certification in Fraud Management
Whether Insurance Companies are Making Profit by Rejecting Insurance Claims Dear Friends, Insurance has become necessity for safe and secure living. The importance of insurance had been realized by many persons during COVID-19 calamity. Since cost of living is increasing day to day and one time hospitalization can wipe off all of your savings. So, it is important and necessary to hav......
New Tax Rules For NRIs Starting FY 2025-2026 Dear Friends, The Finance Minister announced several changes in the 2024 Union Budget that are intended to streamline and rationalize certain aspects of taxation, along with improving the ease of doing business in India. Several of these measures apply to capital gains and income for all tax-filing entities and, hence, would apply to the 30 mil......
What are MCLR, Repo Rate, CRR & SLR in Banking System? Dear Friends, On various occasions , we have heard that RBI is going to increase or decrease Repo Rate, have you ever thought ,what are these rates and in which way they will affect your cost of loans and interest earning capacity. The move of RBI to increase or decrease in Repo Rate will create turbulence in the market. It i......
K.R. Suresh V. R. Poornima, Civil Appeal No. 5822 of 2025 Supreme Court of India The Apex Court Held That Forfeiture of advance money as part of earnest money is justified only if terms of the contract are clear and explicit in that regard. Brief Facts One R. Poornima (Respondent No. 1 therein) acquired absolute title over a property situated at Hubl......
What is Tax Loss Harvesting & Why it is Important Today? Dear Friends, At last bubble of Indian Stock Market has burst and this leads to blood bath in the market. The stocks trading in the market , whether it is Small, Mid or Large Cap are trading earlier at high value and retail investors are eager to invest in these stocks without analysis and evaluation. Since the most effected category i......
Acute Daily Media Pvt. Ltd. and ors. vs. Rockman Advertising And Marketing (India) Ltd. and ors. Company Appeal (AT) (Insolvency) No. 1480 of 2024 NCLAT ( New Delhi) Nclat Had Upheld The order dated 12.06.2024 passed by the Adjudicating Authority (NCLT, New Delhi, Bench-II), terminating the Corporate Insolvency Resolution Process (CIRP) against a corporate debtor, having ......
Union of India V. Alliage Engineering Private Limited ("Alliage") LPA 1093/2024 & C.M.NOS.64550-64552/2024 In the High Court of Delhi at New Delhi Hon'ble High Court of Delhi Addressed the issue of whether a company's digital signature is required when a charge holder registers a charge under Section 78 of the Companies Act, 2013 ("the Act"). Please Note That ......
Dear Friends, Hon’ble Finance Minister, Mrs. Sitaraman has presented 8th Budget in a row and has become second Finance Minister after Shree Moraraji Desai , who had presented 10th Union Budgets on different time frames. Mr Desai had presented a total of 6 budgets during his tenure as finance minister from 1959 to 1964, and 4 budgets between 1967 and 1969. The Union Budget was present......
RBI/2024-25/105 CEPD.CO.OBD.No.S1270/50-01-001/2024-25 January 17, 2025 Dear Friends, As you are aware that ,with development of information technology the way of servicing of customers by banks have been changed. Banks/ Financial Institutions are now utilising modern techniques and instruments to serve their customers. They are using internet , SMS, Voice Calls, Telecommunication instrument......
Dear Friends, Hon’ble Finance Minister, Mrs. Sitaraman has presented 8th Budget in a row and has become second Finance Minister after Shree Moraraji Desai , who had presented 10th Union Budgets on different time frames. Mr Desai had presented a total of 6 budgets during his tenure as finance minister from 1959 to 1964, and 4 budgets between 1967 and 1969. The Union Budget was present......
Detection of Fraud The Auditor shall exercise professional judgment and maintain professional scepticism throughout the planning and performance of the audit to detect and report the fraud envisaged under the provisions of Section 143(12) of the Companies Act, 2013 read with Companies (Audit and Auditors) Rules, 2014. Here, professional scepticism means, an attitude that includes a questioning ......
Motor Insurance Frauds-Detection and Control Dear Friends, As you are aware that, insurance companies are considered as a custodian of monies of their policyholders. A policyholder pays premium to insurance company with a hope that in case of financial loss, insurance company will indemnify him/her. An insurance company through insurance policies selling a promise to the policyholders that......
Query: Mrs. Bhawani, one of the directors in ABC Limited (Listed Entity) got evidence against Mrs. Gowri, Chief Financial Officer (CFO), that she is indulged in the revenue leakage activities in the Company. Mrs. Bhawani is scared to report the above matter since Mrs. Gowri is a very close relative of other Directors, and Mrs. Bhawani will not get adequate safeguards from the Company. Advise Mrs. ......
Case Title: Avendus Finance Private Limited v/s Acute Retail Infra Private Limited Court: National Company Law Tribunal, MumbaiCase Reference: C.P. (IB)/913(MB)2023 Judgment Date: 25/09/2024 Held That: When officer of the financial creditor was empowered to sanction loan, he cannot be disentitled to initiate the insolvency proceedings under section 7 of the IBC. Brief ......
Q 1. What amounts to cruelty on animals? Section 11 (1) (a) to (o) of The Prevention of Cruelty to Animals Act, 1960 prescribes and enumerates the forms of cruelty mentioned hereunder: Sect 11(1) (a) Beating, Kicking, Over-riding, Over-driving, Over-loading, Torturing, causing unnecessary pain or suffering to any animals. (b) Employing any animal which, by reason of its age or any disease, un......
Query- I have Mediclaim policy from Oriental Insurance Co since 1992 for Rs. 5 lakhs and other from New India Assurance for Rs. 7.5 Lakhs under SCUM scheme with my spouse. However, both the policies have set a limit of Rs. 40,000 for Cataract surgery even though I have been diagnosed with 1) Cataract Phaco with Panoptic IOL, 2) Pupilloplasty, 3) CTR Implantation for which a renowned hospital......
Question: My father is 89 years old and has recurring abdominal pain from last few months. In April 23 he was admitted in one private hospital at our locality and admitted for 7 days due to the pain issue. Various tests were conducted including blood tests, CT scan, fibroscopy and endoscopy, no major issues observed except some liver irregularities and discharged after providing certain oral med......
Query: I have got a health insurance of family floater type from Tata AIG for a sum of four lakhs. Recently, I got hospitalised and full four lakhs were paid by Tata AIG. But my hospital bill was Rs. 6,62, 000/- (Rupees: Six lakhs and sixty-two thousand Only).So there was a shortfall of Rs. 2,62,000/- ( Rupees: Two lakhs sixty-two thousand Only). I have an Aditya Birla health Policy of family fl......
Q1. What is the minimum amount of CSR expenditure required to constitute a CSR committee mandatorily? What are the CSR committee constitution provisions enunciated in the Company Act, 2013 ? Answer: Section 135(9) of the Companies Act states that where the amount to be spent by a company under section 135(5) does not exceed Fifty Lakh Rupees, the requirement under section 135 (1) for constitution......
Dear Friends, As you are aware that, insurance has become a necessity same as food, shelter and security. It protects us financially in case of happening of any unforeseen and insured event. No one can predict ,what is going to happen in next moment and no one can predict natural disasters, man made disasters, conditions of your health and timing of epidemics s......