Case Study on Changing the Financial Year of the Company under the Companies Act, 2013 Authors: Sai Sunanda and Jhansi Rani Guddeti Email id: sunanda@simplybiz.in, jhansi@simplybiz.in Introduction: As per Section 2(41) of the Companies Act, 2013 (Act), “financial year” means: the period ending on the 31st day of March every year, and where a company […]
Adjudicating Order for Violation of the Provisions of Section 12(3)(c) of the Companies Act, 2013 relating to Registered Office of the Company
Adjudicating Order for Violation of the Provisions of Section 12(3)(c) of the Companies Act, 2013 relating to Registered Office of the Company Authors: Yogesh Kukreja & Amrutha Ananda Email id: yogesh@simplybiz.in, amrutha@simplybiz.in Reference of Section of the Act Section12(3)(c) of the Companies Act, 2013 states that a Company shall, get its name, address of its […]
HAL-Asia’s Largest Helicopter Manufacture Factory A Step Towards `Atmanirbharata’ in Defence Sector
HAL-Asia’s Largest Helicopter Manufacture Factory A Step Towards `Atmanirbharata’ in Defence Sector Authors: S.Prabhakar Email id: sprabhakar@simplybiz.in On 6th February 2023 the Prime Minister of India has dedicated to the nation the greenfield new generation Hindustan Aeronautics Helicopter Factory in Tumakuru, Karnataka, India, which will enhance the capacity and ecosystem to build helicopters. This is […]
Indian Stock Exchanges moves to T+1 Settlement
Indian Stock Exchanges moves to T+1 Settlement Authors: S.Prabhakar Email id: sprabhakar@simplybiz.in With effect from 27th January 2023 NSE and BSE have moved to T+1 settlement from T+2 settlement. All large-cap and blue-chip Companies were switched to the T+1 system on January 27. To determine the settlement day, all intervening holidays including bank holidays, Stock […]
Buy-back v/s Dividend –Which one to go for?
Buyback v/s Dividend –Which one to go for?Authors: Shruti Banerjee Email id: shrutibanerjee@simplybiz.in What is Buyback? Buyback is a corporate action where a company buys back or repurchases its own shares from the shareholders A company will generally go for buyback to increase its earning per share, which will indirectly increase the value of share […]
Consequences of non-reporting or delayed Reporting under FEMA- Overseas Investments Regulations
Consequences of non-reporting or delayed Reporting under FEMA- Overseas Investments Regulations Authors: Nikita Pathak Email id: nikita@simplybiz.in Investments are one of the key elements of wealth creation in India. Due to Globalisation, Overseas Investment has shown a positive trend in the growth and expansion of Business Entities. Overseas Investment has not only handheld Companies to […]
Adjudicating Order for Violation of the Provisions of Section 92 & 137 of the Companies Act, 2013 Relating to Non-filing of Annual Return & Financial Statements
Adjudicating Order for Violation of the Provisions of Section 92 & 137 of the Companies Act, 2013 Relating to Non-filing of Annual Return & Financial Statements Authors: Yogesh Kukreja & P.Rithika Kumari Email id: yogesh@simplybiz.in and rithika@simplybiz.in Reference of Sections: Section 92 of the Companies Act, 2013 states that a Company must file Annual Return […]
Case Study on Compounding of Offence for Violation of Provision of Section 56(4) of the Companies Act, 2013 – Non issuance of Share Certificates Within the Prescribed Time Limit
Case Study on Compounding of Offence for Violation of Provision of Section 56(4) of the Companies Act, 2013 – Non issuance of Share Certificates Within the Prescribed Time Limit Authors: Sai Sunanda and Jhansi Rani Guddeti Email id: sunanda@simplybiz.in and jhansi@simplybiz.in Introduction: Compounding of offence means a process by which an entity/person who violates/commits default of […]
Stamp Duty on Issuance and Transfer of Share Certificates
Stamp Duty on Issuance and Transfer of Share Certificates Author: Geetanjli Aggarwal Email id: geetanjali@simplybiz.in The requirement of payment of Stamp Duty arises at the time of issuance of Share certificates. The jurisdiction to determine the stamp duty on the issuance of Share certificates lies with the State. Therefore, stamp duty rates on issuance […]
Understanding Term Sheets
Understanding Term Sheets Author: Sharanya Ramakrishnan Email id: sharanya@simplybiz.in Overview Most entrepreneurs and start-up founders are not the kind of people who would be particularly adept with paperwork and are often clueless about the documentation required when seeking investment for their stunning business idea. One such document is the “Term Sheet”. The Term Sheet […]
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