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Komplett Advisory Llp

Latest Posts by Komplett Advisory Llp

Change in Directors of A Private Limited Company

December 20, 2017 40410 Views 4 comments Print

Minimum no of directors: As per Section 149 of the Act every company shall have a board of directors consisting of individuals and shall have a minimum number of two directors in the case of a private limited company.

Benefits to startups by Indian Government

December 19, 2017 4005 Views 0 comment Print

Startup India is a flagship initiative of the Government of India, intended to build a strong eco-system for nurturing innovation and Startups in the country. Under this initiative a Startup India Portal has been set up which shall serve as a platform for facilitation of Startup recognition, access to information related to incubators, mentors, Angel Funds, Venture Funds etc.

Foreign Investment Promotion Board (FIPB) – Sunrise to Sunset

December 17, 2017 2121 Views 0 comment Print

In the wake of 1991 wave of economic reforms FIPB was formed under the Prime Ministers Office. In 1996, it was put under the control of Department of Industrial Policy and Promotion (DIPP) and, in 2003

Pre- Budget Memorandum 2018- Indirect Taxes

December 15, 2017 2670 Views 0 comment Print

Service Tax 1. Transition provision for tax paid on receipt basis Rule 6 of Service Tax Rules, 1994 provides that in case of such individuals, partnership firms and one-person companies whose aggregate value of taxable services provided from one or more premises is Rs. 50 lakhs or less in the previous financial year, the service […]

Issue of Compulsorily Convertible Debentures through Private Placement

December 14, 2017 117396 Views 1 comment Print

1. Company proposes to offer compulsorily convertible debentures to its existing members i.e. Proposed Allottees on a preferential allotment basis. 2. Issue of debentures are governed by Section 71 of the Act, read with Rule 18 of The Companies (Share Capital and Debentures) Rules, 2014

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