Exploring Reverse Due Diligence for International Joint Ventures and Subsidiaries: 9 Critical Focus Areas Contributed By: Sharanya Ramakrishnan Email id: Sharanya Ramakrishnan Introduction Reverse Due Diligence isn’t just a management task; it’s a proactive exploration of a company’s inner workings, spotlighting risks and gaps in day-to-day operations. Whether it’s your business strategies, HR policies, legal […]
Resources
Understanding Deposits under the Companies Act, 2013
Understanding Deposits under the Companies Act, 2013 Contributed By: Sai Sunanda Email id: sunanda.v@simplybiz.in Deposits are an important source of funds for businesses, allowing them to finance their operations and growth. However, to protect investors’ interests and prevent fraudulent activities, the Companies Act 2013 (the Act) has introduced provisions for regulating the acceptance of deposits […]
Corporate Actions – Taxation
Corporate Actions – Taxation Contributed By: Shilpa Agarwal Email id: shilpa@simplybiz.in Corporate actions such as issue of shares, transfer of shares, buy-back, dividend etc is governed by the provisions of the Companies Act, 2013 but there is taxation implication on various corporate actions as per Income Tax Act, 1961. Taxation also applies to the shareholder […]
Bills Replacing IPC, CrPC & Indian Evidence Act
Bills Replacing IPC, CrPC & Indian Evidence Act Contributed By: S. Prabhakar Email id: sprabhakar@simplybiz.in Union home minister Amit Shah on 11th August 2023 introduced three Bills in the Lok Sabha to replace over 150 years old colonial-era Indian Penal Code (IPC), 1860; Criminal Procedure Code (CrPC), 1898; and the Indian Evidence Act, 1872s with the object of completely overhauling […]
Provident Fund Act – an Employee-Friendly Welfare Legislation
Provident Fund Act – an Employee-Friendly Welfare Legislation Contributed By: S. Prabhakar Email id: sprabhakar@simplybiz.in Employees Provident Fund (EFP) is one of the welfare schemes introduced by the Government for the benefit of the employees/workmen. Every company, big or small, need to take compliance with the provisions of EFF Act seriously to avoid stringent prosecution […]
Indian Capital Markets to move to T+0 Settlement soon.
Indian Capital Markets to move to T+0 Settlement soon. Contributed By: S. Prabhakar Email id: sprabhakar@simplybiz.in Close on the heels of moving from T+2 to T+1 settlement cycle in January 2023, Indian capital markets are tipped to move to T+0 settlement, which is an instantaneously same day settlement. The settlement cycle in stocks markets refers […]
India over the Moon – Joins the Elite Club
India over the Moon – Joins the Elite Club Contributed By: By: S. Prabhakar Email id: sprabhakar@simplybiz.in On 23rd August 2023 at 6:04 pm IST, India spacecraft Chandrayaan-3 had soft and safe landing on the moon. The key points of this achievement are: . India becomes the only fourth nation to accomplish this feat after […]
Can a Section 8 Company Invest in Profit-making Company
Can a Section 8 Company Invest in Profit-making Company Contributed By: Geetanjli Aggarwal Email id: Geetanjli@simplybiz.in We all know that Section 8 Companies are the Non-Profit Companies whose objective is to promote fields of arts, commerce, science, research, education, sports, charity, social welfare, religion, environment protection, or other similar objectives. Such Companies spend their profits on furtherance of these above-mentioned charitable objectives and do […]
FC-GPR filing with RBI for FDI
FC-GPR filing with RBI for FDI Contributed By: Pooja Jain Email id: Pooja@simplybiz.in What is FC-GPR FC-GPR, which stands for Foreign Currency Gross Provisional Return. This filing requirement comes into play when a business entity secures Foreign Direct Investment (FDI) and subsequently allocates shares to a foreign investor. The purpose of the FC-GPR form is […]
Understanding Compulsorily Convertible Debentures for Start-Up
Understanding Compulsorily Convertible Debentures for Start-Up Contributed By: Shilpa Agarwal Email id: shilpa@simplybiz.in When a Start-up proposes to raise money, the biggest confusion that they have is whether to raise it in the form of equity or debt. Raising in the form of equity dilutes their stake in the company whereas debt comes with its […]