Compliances for a listed entity for Equity Shares under SEBI (LODR) 2015 – A quick recap The relevant compliances are divided into four parts: 1. Quarterly Compliances COMPLIANCES BY: Regulation Time Period June end quarter September end quarter December end quarter March end quarter Regulation 31 (1) (b) – Shareholding Pattern Within 21 days from […]
Reserve Bank of India (RBI) vide master direction. RBI/FED/2018-2019/67 FED Master Direction No.5/2018-19 dated 26th March,2019 updated as on 12th April 2021 has issued External Commercial Borrowings, Trade Credits and Structured Obligations under the said Direction Oil Marketing companies and startups are eligible for raising funds through External commercial borrowing subject to conditions. What is External Commercial Borrowings? […]
Common facilities provided commonly to employees without any recovery would not be subject to GST as they cannot be considered as gifts, provided they form part of contractual agreement.
Introduction The Companies Act, 2013 completely revolutionized corporate laws in India by introducing several new concepts that did not exist previously. One person is also one of new concept introduced. One person company (OPC) means a company formed with only one (single) person as a member, unlike the traditional manner of having at least two […]
Startup fundraising through issue of shares on preferential and private placement basis and legal aspects thereof for unlisted company INTRODUCTION Startup ecosystem is at growth stage since from year 2015 and it has encouraged individuals or group of person to make a shift from the status of employee to employer by founding their own startup, […]
Section 55 of the LLP Act, 2008 deals with conversion of Partnership Firm into Limited Liability Partnership. As per the relevant provisions of the LLP Act, a partnership firm shall make an application for conversion of firm into a Limited Liability Partnership by filling web Form LLP RUN (Reserve Unique Name). Documents required for the […]
NABARD has defined microfinance as “provision of thrift, credit and other financial services and products of very small amounts to the poor in rural, semi-urban and urban areas provided to customers to meet their financial needs; with only qualification that (1) transactions value is small and (2) customers are poor.” A micro finance institution is […]
I am herewith attaching the format of the consent letter for obtaining and using the DSC of the client which is mandatory taken by the Professional for Safeguard their interest. Date: To, M/s. ABC & Co. Chartered Accountants, Dear Sir, Subject: Authorization to obtain and use Digital Signature Certificate With reference to the above subject, […]
Buying Jewellery for gold? I have got better deal for you Since ancient civilization, from the Egyptians to the Inca, gold has held a special place of actual and symbolic value for humanity. And same shall continue for ages to come. There have always been a famous saying that ‘We should not put all eggs […]
As I already stated in my introductory part of this topic, any process will be parted into static and strategic meaning thereby one which is in as it is form and the other requires professional skepticism. Above that, static facts w.r.t. terminologies are also tuned here. Let us sail beyond statutory sections sight u/s 134, […]
