MBG Corporate Services

Game-changing news for global businesses! UAE eliminates AED 50,000 bank guarantee requirement for foreign company branches. Lower entry barriers, better cash flow, and faster market access await. The Middle East's business hub just got even more attractive!

https://mbgcorp.legal/elimination-of-the-bank-guarantee-requirement-for-foreign-company-and-free-zone-company-branches-in-the-uae/

Delhi High Court undertakes Critical Analysis of Limitation Period under Section 16 of Arbitration Act in the case between Home and Soul Private Limited and T.V. Today Network Limited that involved a dispute over whether the arbitration should have addressed the issue of limitation, or whether the Petitioner's claim was time-barred, at the very start. Read more on the case tha outlines the key facts, legal arguments, and the Delhi High Court's final decision on this matter.

https://www.mbgcorp.com/in/insights/delhi-high-court-undertakes-critical-analysis-of-limitation-period-under-section-16-of-arbitration-act/

In a recent case, the judgement passed by the Supreme Court states that in cases of adverse possession, the period of limitation for proving title starts from the date the defendant’s possession becomes adverse to the true owner rather than from the date the plaintiff acquires ownership.

https://www.mbgcorp.com/in/insights/supreme-court-judgement-on-limitation-period-for-adverse-possession/

ICFR/IFC isn’t just about ticking compliance boxes – it’s a powerful tool for business success.

Beyond meeting statutory requirements, a robust ICFR/IFC framework enhances risk management, boosts operational efficiency, and builds stakeholder trust. It’s the cornerstone of strong corporate governance, fostering a culture of accountability and ethical practices.

By embracing ICFR/IFC strategically, companies can create long-term value, stay agile in changing regulatory landscapes, and gain a competitive edge. It’s time to view ICFR/IFC as an investment in your organization’s future.

Read more: https://www.mbgcorp.com/in/insights/why-icfr-ifc-is-not-just-a-statutory-compliance-its-more/

India's supply chain sector is experiencing a revolutionary transformation, projected to reach a staggering USD 484.43 billion by 2029!

As e-commerce booms and technology evolves, businesses are rapidly shifting from traditional paper-based systems to cutting-edge digital solutions. From IoT-enabled real-time tracking to AI-powered predictive analytics and blockchain security, the future of logistics is here.

At MBG Corporate Services, we are helping businesses navigate this digital revolution with comprehensive services including supply chain assessments, technology implementation, risk management, and change management strategies. Ready to optimize your supply chain for the digital age? Let's connect and transform your operations into a streamlined, efficient powerhouse!

This Diwali, our MBG India office sparkled with joy and camaraderie as we celebrated the Festival of Lights together!

The day sparkled with stunning rangoli artworks, traditional attire, and the warm glow of diyas lighting every corner. The day sparkled with stunning rangoli artworks and traditional attires as our team members enjoyed participating in a competition and winning awards for the best rangoli and best traditional Indian outfits.

Congratulations to all the winners and a huge thank you to everyone for making this Diwali truly magical!

What's the blueprint for long-term business success?

Master the fundamentals of effective business planning to drive sustainable growth with insights from MBG’s industry expert, Shailendra Ranjan, Associate Partner, Business Advisory, in our upcoming business breakfast.

In this business breakfast, uncover growth acceleration techniques, financial strategies and ways to adapt your business model for scalability.

Limited slots available, scan the QR code to register soon!

What's the blueprint for long-term business success?

Master the fundamentals of effective business planning to drive sustainable growth with insights from MBG’s industry expert, Shailendra Ranjan, Associate Partner, Business Advisory, in our upcoming business breakfast.

In this business breakfast, uncover growth acceleration techniques, financial strategies and ways to adapt your business model for scalability.

Limited slots available, scan the QR code to register soon!

MBG Corporate Services wishes you a Happy Diwali!

What's the blueprint for long-term business success?

Master the fundamentals of effective business planning to drive sustainable growth with insights from MBG’s industry expert, Shailendra Ranjan, Associate Partner, Business Advisory, in our upcoming business breakfast.

In this business breakfast, uncover growth acceleration techniques, financial strategies and ways to adapt your business model for scalability.

Limited slots available, scan the QR code to register soon!

The Central Board of Indirect Taxes (CBIC) has issued important notifications. Here are the highlights:

- GSTR-7 Late Fee Waiver: Relief for TDS deductors from June 2021
- Rectification Procedure: New process for orders under sections 73, 74, 107, 108
- GST Payment Deadline Extended: For waivers under Section 128A
- RCM on Metal Scrap: B2B transactions now under reverse charge
- New Time Limit: 30 days for invoices under reverse charge
- Pre-deposit Limit Revised: Now 10% of disputed tax/cess, capped at ₹20cr (CGST/SGST/cess) or ₹40cr (IGST)

Most changes effective from November 1, 2024. Stay compliant!

https://www.mbgcorp.com/in/insights/major-indirect-tax-notifications-by-cbic/

The MCA has now mandated companies in India on CSR expense reporting that the filing window for the CSR-2 return form for FY 2023-24 has been shortened and must be done by December 31, 2024. Earlier, for FY 2022-23, businesses were permitted to submit their CSR-2 returns by March 31, 2024.

https://www.mbgcorp.com/in/insights/a-new-era-of-fintech-understanding-rbis-self-regulatory-approach/

Gen Z and Millennials are revolutionizing India's market! With their unique preferences driving consumer spending, businesses are scrambling to adapt. The consumer research industry is booming, growing at 12.5% CAGR. From e-commerce to fintech, companies are tailoring strategies to match these generations' values. Understanding these influential consumers isn't just smart—it's essential for survival in today's dynamic Indian market

https://www.mbgcorp.com/in/insights/how-gen-z-and-millennials-are-redefining-the-indian-market-landscape/

Auditors, ever wondered about walkthroughs? They are crucial for understanding client processes and spotting risks. By tracing transactions from start to finish, you will grasp internal controls better. Key benefits? Improved efficiency, sharper risk assessment, and higher audit quality.

Remember to plan well, involve client staff, and document findings. Whether you are examining specific transactions, entire processes, or IT systems, walkthroughs offer invaluable insights. Use them to fine-tune your audit strategy and deliver more value to clients.

https://www.mbgcorp.com/in/insights/what-is-walkthrough-in-audit-and-why-to-consider-this/

MBG Corporate Services India wishes you a Happy Gandhi Jayanti 2024!

#2024

Did you know that the India's semiconductor industry is set to skyrocket to $64 billion by 2026? India’s chip revolution is powering the future of innovation. With localization of supply chains, rise of fabless startups, booming automotive sector and supportive government policies, it is the perfect time for businesses to tap this opportunity. Learn how MBG’s comprehensive market research can help you thrive.

https://www.mbgcorp.com/in/insights/indias-chip-revolution-growth-and-innovation/

Is your business leveraging the full potential of its Fixed Asset Register (FAR)? A well-maintained FAR is more than just a compliance requirement—it's a powerful tool for ensuring smoother operations, maintaining accurate financial records, optimizing asset utilization, and making informed business decisions. Neglecting your FAR can lead to serious consequences, including inaccurate financial reporting, compliance issues, tax penalties, and poor asset management. Take control of your assets and operations with MBG’s comprehensive services on FAR. can help with software integration support, guidance on compliance and best practices.

Our team of experts is ready to help you take control of your assets, streamline your operations, and drive your business forward. Don't let inefficient asset management hold you back.

Contact MBG today, and let's optimize your Fixed Asset Register to propel your business towards greater financial accuracy and operational efficiency.

https://www.mbgcorp.com/in/insights/maintaining-a-fixed-asset-register-for-smoother-operation-and-growth/

Is Fixed Asset Management crucial for your business’ bottom line?

In our upcoming webinar on 27th September, our expert, Swarup Chowdhury, Deputy Manager – Risk and Transaction Advisory, MBG Corporate Services, will help you understand in details. He has more than a decade of experience in risk-based consulting for International Corporates, PSUs, Banks & Private Equity Firms. His in-depth knowledge on Business Processes, Risk Universe and Control Gaps have helped leading corporations in the BFSI domain adeptly manage risk and compliance. Don’t miss his insider tips on Fixed Asset Management to turn them into differentiators for your business.