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Archive: 29 October 2020

Posts in 29 October 2020

Company Secretary (CS) as a Startup Consultant

October 29, 2020 7608 Views 0 comment Print

In this article I am going to share my views on the role of a Company Secretary as a Startup Consultant or How a Company Secretary plays a very important role in  establishing  Startups.

Practical issues in claiming grant of ex-gratia – Compounded & Simple Interest

October 29, 2020 2619 Views 2 comments Print

The Ministry of Finance has issued a notification (F. No.2/12/2020-BOA.I dated 23.10.2020) announcing the scheme for grant of  ex-gratia payment of difference between Compound Interest and Simple Interest for six months to the borrowers in specified loan accounts (01.03.2020 to 31.08.2020) wherein the following issues are to be addressed in order to make the scheme […]

GST E-Invoice system enabled for taxpayers having turnover exceeding Rs. 100 cr

October 29, 2020 3672 Views 0 comment Print

1. e-Invoice System is enabled on Trial sites ( for APIs & Offline tools) for taxpayers with PAN based turnover more than Rs. 100 Cr. in a financial year (https://einv-apisandbox.nic.in ,    https://einvoice1-trial.nic.in). e-Invoice API Access Mechanism Tax Payers with Aggregate Turnover of Company more than Rs. 500 Crores Tax Payers with Aggregate Turnover of […]

How Preference shares capital form part of Net worth, within statutory prescription of Companies Act, 2013?

October 29, 2020 32040 Views 2 comments Print

Net worth of a company is the value of the assets a company owns, minus the liabilities they owe. It is an important metric to gauge a company’s health and value, providing a useful snapshot of its current financial position. The concept of Networth becomes more relevant in ascertaining transactional values in an amalgamation, specifically […]

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