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 […]

SME Listing Contributed by: Kanikka P Indi Email id: Kanikka@simplybiz.in Small Medium Exchange (SME) Listing exchange is a stock exchange platform dedicated for trading the shares of Small & Medium Enterprises (SMEs) who, otherwise, find it difficult for themselves to get listed in the main exchanges. 1. SME (Small and Medium Enterprises) Meaning: Micro Enterprise […]

Reclassification of share capital by Private companies Contributed by: Prerana Jain Email id: Prerana@simplybiz.in 1.Introduction: Authorized/nominal share capital is the maximum amount of the capital that a company can issue to its shareholders, as stated in its Memorandum of Association. Depending on the requirement of the Company, the authorized share capital can be classified into […]

Adjudication order for non-compliance of section 170 In the matter of Kalinga Trexim Private Limited v/s Registrar of Companies – Kolkata Contributed by: Prerana Email id: Prerana@simplybiz.in Facts of the case: Inspection was carried out by the Registrar u/s 206 of Companies Act 2013 and the following violations were found- Company has failed to maintain […]

Reduction of Share capital Contributed by: Kanikka P Email id: Kanikka@simplybiz.in Meaning of Reduction of Share Capital Reduction of share capital means decreasing the shareholder’s equity in the Company. The reduction of capital can be done to increase the shareholder value and for an efficient capital structure of the Company. Capital reduction is the process […]

Venture Debt Fund Contributed by: Meghana v Email id: Meghana@simplybiz.in Are you a startup wanting to raise venture debt for your expansion plans? Let us explore about venture debt and understand how venture debt is beneficial in current scenario. Venture debt can be a crucial tool for startups looking to fuel their growth and expansion […]