An Overview of Compliances under LLP Act, 2008 Contributed By: Nikita Pathak Email id: nikita@simplybiz.in Limited Liability Partnership (LLP) refers to partnership wherein the liability of partners is limited. LLP is combination of both Partnership as well as Company. In a Partnership, main drawbacks are limit on number of partners, unlimited liability and uncertainty and […]
I-Safe Notes
I-Safe Notes Contributed By: Pooja Jain Email id: pooja@simplybiz.in I-safe Note India Simple Agreement for Future Equity (I-Safe) Notes comes out to be a new and attractive way and are mostly in demand by startups. I-Safe cannot be categorized as debt as they do not accrue interest or have a maturity date. In the same […]
Crowdfunding – The Indian Scenario
Crowdfunding – The Indian Scenario Contributed By: S. Prabhakar Email id: sprabhakar@simplybiz.in What is Crowdfunding? Crowdfunding is collecting small amounts of capital from a large number of individuals to finance a new business venture. It is usually done by using social media and crowdfunding websites to bring investors and entrepreneurs together, with the potential to […]
An Insight into Reverse Due Diligence
An Insight into Reverse Due Diligence Contributed By: Sharanya Ramakrishnan Email id: sharanya@simplybiz.in Introduction “Due Diligence“ usually describes an exercise wherein a potential investor undertakes a series of examinations to evaluate the financial and operational health of the investee company and compliance levels before investing. But what if the management of the investee company is […]
Startup India Registration
Startup India Registration Contributed By: Vaibhav Suryawanshi Email id: vaibhav.s@simplybiz.in Introduction The Indian Government come with one flagship initiative that is Startup, intended to boost startup culture and build a strong and inclusive ecosystem for innovation and entrepreneurship in India. The initiative was started by Government of India on 16th January 2016, the Startup India […]
FAQs on Corporate Social Responsibility- Series II
FAQs on Corporate Social Responsibility- Series II Contributed By: Geetanjli Aggarwal Email id: geetanjali@simplybiz.in As per Section 135 of the Companies Act, 2013, it is a mandatory requirement for Companies to spend atleast 2% of the average net profit of the preceding three years towards ‘CSR Expenditure’ as per the CSR policy. In CSR Series-II, […]
The Biggest Ever Aviation Deal by Air India – The Indian Aviation Growth story
The Biggest Ever Aviation Deal by Air India – The Indian Aviation Growth story Author: S. Prabhakar Email id: sprabhakar@simplybiz.in Air India has announced the biggest ever order in India’s aviation history of 470 Boeing and Airbus passenger aircrafts worth over 80 billion USD to be delivered over the next five years. Out of this […]
Migration of MCA portal from Version 2 to Version 3
Migration of MCA portal from Version 2 to Version 3 Authors: Meghana V & Jhansi Rani Guddeti Email id: meghana@simplybiz.in & jhansi@simplybiz.in The Ministry of Corporate Affairs (MCA) had launched MCA 21 portal in 2006 to provide secure and easy access of MCA services for LLP’s and Companies i.e., from incorporation to closure and a […]
Compounding process under Foreign Exchange Management Act (FEMA), 1999
Compounding process under Foreign Exchange Management Act (FEMA), 1999 Author: Nikita Pathak Email id: nikita@simplybiz.in Section 15 of the Foreign Exchange Management Act (FEMA), 1999 empowers Reserve Bank of India (RBI) to compound the contraventions under the Act. Compounding is a mechanism provided by RBI in order to pardon the company for contravention of provisions […]
Budget 2023 Relating to Individual Income Tax
Budget 2023 Relating to Individual Income Tax Author: Shaik Fazal Ahmed Email id: fazal@simplybiz.in Finance Minister has unveiled most awaited government’s last full year budget before elections on 1st day of February 2023. Here are some key Individual Income Tax related highlights: 1.Old vs New Tax Regime: In Budget 2020, a new provision was inserted […]
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