Exploring Loans to Directors: A Concise Overview Contributed by: Prerana Jain Email id: prerana@simplybiz.in Introduction In this article, we dive into the importance of loans to directors, examining all the aspects that shape these transactions. The article speaks about how a Company can provide loan to its Directors fulfilling all the requirements of law in […]

Directors and Officers Insurance (D&O Insurance) Contributed by: Disha Jethwani Email id: disha@simplybiz.in Introduction: Directors and Officers Insurance (D&O Insurance) helps in shielding the Directors or Key Officers from the liabilities caused in the event that they are indicted for decisions made to run the business. Through this write up, we will dissect the specific […]

Incorporation of Section 8 Companies in India Contributed by: Swati Sharma Email id: swati@simplybiz.in Definition of Section 8 Company – Companies Act, 2013 According to the Companies Act 2013, a Section 8 company is described as a non-profit organization whose objectives are charitable in nature, such as promoting arts, commerce, science, research, education, sports, charity, […]

Society Registration in Telangana Contributed by: Neha Kujur Email id: neha@simplybiz.in Introduction  In the realm of community development and social welfare, the establishment of societies stands as a cornerstone for collective action, empowerment, and sustainable progress. Societies, often formed by groups of like-minded individuals with shared objectives, serve as vehicles for enacting positive change, addressing […]

Trust Registration in Telangana Contributed by: Neha Kujur Email id: Neha@simplybiz.in Introduction  In India, any individual who is legally competent to enter into a contract has the authority to establish a Trust for any lawful purpose as per the Indian Trusts Act of 1882. When referring to a “lawful purpose,” it implies an objective outlined […]

Adjudicating Order for violation of Secretarial Standards issued by the Institute of Company Secretaries of India (ICSI) under Section 118 (10) of the Companies Act, 2013 (Act) Every Company shall observe Secretarial Standards (SS) with respect to General Meetings (SS-2) and Board Meetings (SS-1) as specified by the ICSI Pursuant to Section 118 (10) of […]

NON-BANKING FINANCIAL COMPANIES (NBFCS) Contributed by: Meghana Email id: Meghana@simplybiz.in The Reserve Bank of India has introduced significant alterations to NBFC regulations by publishing the Scale Based Regulation (SBR) Framework to further strengthen the regulations and to ensure NBFCs are managed efficiently and protected from risks.   The Reserve Bank of India (RBI) published the Master […]

Reasons for rejection of Form FCGPR Contributed by: Nimisha Praveen Email id: nimisha@simplybiz.in The Form FC-GPR (Foreign Currency- Gross Provisional Return) is a form used for reporting inward remittances of foreign currency (Foreign Direct Investment) through issue of capital instruments viz. Equity shares/Compulsorily Convertible Preference Shares/Compulsorily Convertible Debentures. When an entity receives such an investment, […]