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, […]
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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 […]
Procedure for Transfer of Shares
Procedure for Transfer of Shares Author: P.Rithika Kumari Email id: rithika@simplybiz.in Introduction Transfer of shares is done by Companies on regular basis. It plays a crucial role in the identity of the Company. The Companies Act 2013 lays down the provisions related to the Company’s transfer and transmission of shares. Transfer of shares is when […]
Related Party Transactions
Related Party Transactions Author: Meghana V Email id: meghana@simplybiz.in A. Overview A brief definition of Related Parties, Related Party Transactions, approval requirements for entering into Related Party Transactions, and the impact on entering into Related Party Transactions as per the Companies Act, 2013 are covered in this article. B. Introduction Related Party Transactions (RPT) refer […]
Convertible Notes
Convertible Notes Author: Pooja Jain Email id: pooja@simplybiz.in Overview Convertible Notes are one of the many instruments available for fundraising. These are instruments raised in the form of debt which is repayable at the option of the holder or can be converted into a specified number of shares of the issuing company after a pre-specified […]
The Rapid Rail Transport Services (RRTS)
The Rapid Rail Transport Services (RRTS) Author – S. Prabhakar Email id – sprabhakar@simplybiz.in The first Rapid Rail Transport Service (RRTS) in India with facilities like an aeroplane will commence its commercial operations from Sahibabad in Ghaziabad to Duhai Depot in Uttar Pradesh in March 2023. The National Capital Region Planning Board (NCRPB) as part of its […]
Diligence-Ready Approach for Start-ups: Key Considerations
Diligence-Ready Approach for Start-ups: Key Considerations Author: Sharanya Ramakrishnan Email id: sharanya@simplybiz.in This article is meant for start-up founders that have raised funds and are in the process of gearing up for further fund-raising to give an insight on how to adopt a diligence-ready approach. Introduction Did you ever encounter a challenge while running your […]