Every day we come across with at least one news about fundraising by startups… raising $2billion at a valuation of $18billion, fueled $8million in pre-series A funding, bridge round of $5million and so on. Emerging startup businesses have come up with a variety of innovative ideas but funding is the real challenge. Let us have an overview of different funding rounds in startup.
Provisions of section 196 of Companies Act 2013. ♣ A Company can appoint either a Managing Director or a Manager. Interpretation: No Company shall appoint or employ at the same time a Managing Director and a Manager. ♣ Appointment of a Managing Director shall be for a term which must be less than or equal to 5 years. Important Note: The Company may re- appoint them for next term in one year of current term.
It is not in dispute that the period during which interim stay of the order passed by the court is in operation has to be excluded while computing the period of two years as limitation period prescribed for completing the block assessment.
THE FINANCE BILL, 2016- Bill No. 18-C of 2016- AS PASSED BY LOK SABHA ON 05.05.2016 Finance Bill 2016 was passed by Lok Sabha on 05.05.2016 as informed by us to our readers by our article ‘Lok Sabha Passes Finance Bill 2016‘. In the Article we have attached notice of the amendment to Finance Bill, […]
The Insolvency and Bankruptcy Code, 2015 was Introduced in Lok Sabha on 21.12.2015 and it is passed by Lok Sabha after Various discussion on 05.05.2016. The bill was edited by Joint Committee of Parliament on Insolvency and Bankruptcy Code, 2015. Joint committee has given its Report on Insolvency & Bankruptcy Code, 2015 on 28.04.2016.
Articles deals with Budget 2016 Amendment in 1. The Maharashtra Purchase Tax on Sugarcane Act, 1962(SCPT Act); 2. The Maharashtra State Tax on Professions, Trades, Callings and Employments Act, 1975 (PT Act); 3. Maharashtra Tax on the Entry of Goods into Local Area Act, 2002 (Entry Tax Act): 4. The Maharashtra Value Added Tax Act, 2002 (MVAT Act).
Amit Jain This is in continuation of the previous article on the start ups, wherein we try to throw more light on the subject. Also, we have received several queries from the article which we try of answer herewith. In the outset we do clarify that the GOI has not come up with any clarification […]
Revised ANF 5A, ANF 5B, ANF 5C and Appendix 5C of Appendices & Aayat Niryat Forms of FTP 2015-20 are notified as detailed in the Annexure to this Public Notice.
(1) These rules may be called the Companies (Registration Offices and Fees) Amendment Rules, 2016. 2. In the Companies (Registration Offices and Fees) Rules, 2014, (i) For Form No. GNL-1 and Form No. GNL-4, following forms shall respectively be substituted, namely:-
In FY 2015-16, 94% of income tax returns were filed online and 4.14 crore returns processed without any human intervention; More than 2.10 crore refunds amounting to Rs.1,22,425 crore were paid in FY 2015-16 as compared to Rs. 1,12,188 crore in the FY 2014-15 and Rs. 89,664 crore in the FY 2013-14;
