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 […]
Private Limited Company or Limited Liability Partnership: Which one is better for your business
Private Limited Company or Limited Liability Partnership: Which one is better for your business Author – Geetanjli AggarwalEmail id – geetanjali@simplybiz.in What is a Private Limited Company and LLP? A Private Limited Company is a Company that is privately held and the liability of the members of a Private Limited Company is limited to the […]
Is non-filing of Annual Return and Financial Statements, a serious offence?
Is non-filing of Annual Return and Financial Statements, a serious offence? Author – Meghana V Email id – meghana@simplybiz.in The Ministry of Corporate Affairs (‘MCA’) has in the recent past appointed Adjudicating officers for adjudicating the penalties for non-compliance with the provisions of the Companies Act, 2013. In this article, we shall be discussing the penal […]
CASE STUDY ON PRIVATE PLACEMENT OF COMPULSORILY CONVERTIBLE DEBENTURES
Case Study on Private Placement of Compulsorily Convertible Debentures Author – Pooja Jain Email id – pooja@simplybiz.in Introduction: Compulsorily Convertible Debentures are debt instruments that are compulsorily converted into Equity shares of the Company at a future date or after a specified period or on the accomplishment of a pre-decided milestone at a predetermined price. Private […]
What if the name of Director is shown twice in the Master Data of the Company?
What if the name of Director is shown twice in the Master Data of the Company? Author: Vaibhav Suryawanshi Email id: vaibhav.s@simplybiz.in The Ministry of Corporate Affairs in order to provide transparency of company related information, made a facility in the Ministry of Corporate Affairs (MCA) portal which is accessible to various stakeholders and […]
Is Buyback a strategic tool for tax planning for the FY 2022-23
Is Buyback a strategic tool for tax planning for the FY 2022-23 Author: S. Prabhakar & Karthik Bhat Email id: sprabhakar@simplybiz.in , karthik@simplybiz.in Buyback is a strategic tool which is used by the entities to fulfil their business objectives. Though, it is a mere process of buying back the shares from the shareholders of […]
Tax Benefits for start-ups in India
Tax Benefits for Start-ups in India Author: Pavan Kumar Email id: pavan@simplybiz.in Are you curious to know if your Startup is eligible for availing Tax Benefits under Income Tax Act? To answer this, one must understand: What is “Eligible Business” What is “Eligible Startup” Tax Benefits u/s 80-IAC Eligible Business: Is a business which […]
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