SIMPLYCORP’S CAAS MODEL Contributed by: Vanaja Kaleru Email id: vanaja@simplybiz.in In today’s dynamic business landscape, regulatory compliance forms the bedrock of operational integrity and stakeholder trust. Adhering to strict compliance requirements under the Companies Act, 2013, especially for annual filings, is crucial. Recent adjudication orders from the Ministry of Corporate Affairs (MCA) underscore the importance […]

NBFC’s Successful buy-back case study Contributed by: Vanaja Kaleru Email id: vanaja@simplybiz.in Buyback of shares is a key corporate strategy for companies aiming to reduce share capital, improve financial ratios, and boost shareholder value. It decreases the number of outstanding shares, enhancing the earnings per share (EPS) and often elevating the market value of the […]

Setting up and running a Tech capability centre in India as a Wholly owned subsidiary Contributed by: Karthik Bhat Email id: karthik@simplybiz.in Setting Up and Running a Tech Capability Centre in India as a Wholly Owned Subsidiary: A Comprehensive Guide. India has emerged as a favored destination for global businesses looking to establish tech capability […]

Unraveling Section 42 Violations: A Case Study of Corporate Missteps and Compliance Challenges Contributed by: Karishma Mantri Email id: karishma@simplybiz.in Private placements are a crucial method for companies to raise funds efficiently while maintaining control over their investor base. However, the increasing use of digital fundraising platforms requires careful consideration to ensure compliance with regulatory standards. […]

Multi-state Cooperative societies Contributed by: Neha Kujur Email id: Neha@simplybiz.in Introduction Multi-State Cooperative SocietiesMulti-State Cooperatives are societies that have operations in more than one state. It is governed by Entry 44 of List I of the Union List of the Seventh Schedule to the Constitution. Such Multi State Cooperative Societies are registered under the Multi-State […]

Cooperative Societies Contributed by: Neha Kujur Email id: neha@simplybiz.in Introduction to Cooperative Societies: The concept of a Cooperative Society is not novel. It is operated into various sectors such as agriculture, consumer goods, finance, healthcare, and more. Cooperative Societies were initially established to safeguard the interests of vulnerable groups but have now grown into a […]

What is the implication if an auditor resigns from his office prior to completion of his term? Will it be considered as an appointment of auditor in case of casual vacancy Contributed by: Venkat Sai Reddy Gopavarapu Email id: Venkat@simplybiz.in According to the Indian Companies Act,2013 (Act) every company must get its Financial Statements audited […]

Adjudication order for violation of Section 137 of the Companies Act, 2013, i.e., non-filing of Financial Statement with the Registrar. Contributed by: Venkat Sai Reddy Gopavarapu Email id: Venkat@simplybiz.in In accordance with Section 137(1) of the Companies Act 2013 (Act), every company is required to file a copy of the Financial Statements, including consolidated Financial […]

Adjudication order under section 134​ Contributed by: Venkata Sai Reddy Gopavarapu Email id: Venkat@simplybiz.in Adjudicating Order for violation of not attaching Form AOC-2 to Board report Section 134 of the Companies Act, 2013 (Act) commonly outlines the mode of approving & signing the Board Report and also the list of attachments to be included to […]

Due Diligence Contributed by: Kanikka P Indi Email id: Kanikka@simplybiz.in Due Diligence is an investigation, audit, or review performed to confirm facts or details of a matter under consideration relating to Finance, Legal, Compliance, Commercial etc., before arriving at any decision.   Due diligence is performed by Investors, Fund Managers, Acquirers that are proposing to either […]