Reverse Merger: The Accelerated Path to Public Listing in India Contributed by: Name – Athira Ramesh E-mail – athira@simplybiz.in A reverse merger (Reverse Takeover or RTO) is a non-traditional strategy where a private company acquires a smaller, already-listed public entity often a dormant ‘shell company’ to instantly gain access to the public markets. By bypassing […]
India Shining
Understanding Apostille and Notarization
Understanding Apostille and Notarization Contributed by: Jaya Lakshmi and Disha Jethwani Email id: jayalakshmi@simplybiz.in and disha@simplybiz.in Introduction: In this Era of Globalization, the need for international transactions, legal procedures, and cross-border collaborations has become more prevalent than ever. As individuals and businesses engage in activities across borders, the validation of documents becomes crucial. Two common […]
Process to claim refunds for unpaid dividends and shares transferred to Investor Education and Protection Fund (IEPF)
Process to claim refunds for unpaid dividends and shares transferred to Investor Education and Protection Fund (IEPF) Contributed by: Venkat Sai Email id: Venkat@simplybiz.in The Investor Education and Protection Fund (IEPF) was established by the Government of India under Section 205C of the Companies Act, 1956 (erstwhile Act) to promote investor awareness about understanding financial […]
Benefit of MSME Registration
Benefit of MSME Registration Contributed By: Swati Sharma Email id: swati@simplybiz.in The Micro, Small, and Medium Enterprises (MSME) sector has played a pivotal role in the Indian economy for the past five decades. These enterprises are classified into three categories based on their investment in plant and machinery or equipment and their annual turnover. a […]
Corporate Actions – Taxation
Corporate Actions – Taxation Contributed By: Shilpa Agarwal Email id: shilpa@simplybiz.in Corporate actions such as issue of shares, transfer of shares, buy-back, dividend etc is governed by the provisions of the Companies Act, 2013 but there is taxation implication on various corporate actions as per Income Tax Act, 1961. Taxation also applies to the shareholder […]
Bills Replacing IPC, CrPC & Indian Evidence Act
Bills Replacing IPC, CrPC & Indian Evidence Act Contributed By: S. Prabhakar Email id: sprabhakar@simplybiz.in Union home minister Amit Shah on 11th August 2023 introduced three Bills in the Lok Sabha to replace over 150 years old colonial-era Indian Penal Code (IPC), 1860; Criminal Procedure Code (CrPC), 1898; and the Indian Evidence Act, 1872s with the object of completely overhauling […]
Provident Fund Act – an Employee-Friendly Welfare Legislation
Provident Fund Act – an Employee-Friendly Welfare Legislation Contributed By: S. Prabhakar Email id: sprabhakar@simplybiz.in Employees Provident Fund (EFP) is one of the welfare schemes introduced by the Government for the benefit of the employees/workmen. Every company, big or small, need to take compliance with the provisions of EFF Act seriously to avoid stringent prosecution […]
Indian Capital Markets to move to T+0 Settlement soon.
Indian Capital Markets to move to T+0 Settlement soon. Contributed By: S. Prabhakar Email id: sprabhakar@simplybiz.in Close on the heels of moving from T+2 to T+1 settlement cycle in January 2023, Indian capital markets are tipped to move to T+0 settlement, which is an instantaneously same day settlement. The settlement cycle in stocks markets refers […]
India over the Moon – Joins the Elite Club
India over the Moon – Joins the Elite Club Contributed By: By: S. Prabhakar Email id: sprabhakar@simplybiz.in On 23rd August 2023 at 6:04 pm IST, India spacecraft Chandrayaan-3 had soft and safe landing on the moon. The key points of this achievement are: . India becomes the only fourth nation to accomplish this feat after […]
Reserves Bank of India withdraws circulation of Rs. 2000 denomination notes
Reserves Bank of India withdraws circulation of Rs. 2000 denomination notes Contributed By: S. Prabhakar Email id: sprabhakar@simplybiz.in The Central Bank of the country, Reserve Bank of India (RBI), has announced on 19th May, 2023 the withdraw Rs 2,000 currency notes from circulation under its `Clean Neat Policy’. Rs. 2000 notes were introduced in November, […]