Reserves Bank of India withdraws circulation of Rs. 2000 denomination notes Contributed By: S. Prabhakar Email id: sprabhakar@simplybiz.in The Central Bank of the country, Reserve Bank of India (RBI), has announced on 19th May, 2023 the withdraw Rs 2,000 currency notes from circulation under its `Clean Neat Policy’. Rs. 2000 notes were introduced in November, […]
Criminal Procedure (Identification) Act
Indian Rupee March Towards Becoming an International Currency
Indian Rupee March Towards Becoming an International Currency Contributed By: S. Prabhakar Email id: sprabhakar@simplybiz.in For a currency of any country to be termed as ‘international currency’ it has to be widely accepted across the world as a medium of exchange for trade. The US dollar, Euro, Japanese Yen, and to some extent Chinese Yuan are treated […]
“Unlocking Success: A Gen Z Guide to Professional and Personal Growth”
“Unlocking Success: A Gen Z Guide to Professional and Personal Growth” Contributed By: Sharanya Ramakrishnan Email id: sharanya@simplybiz.in Introduction In today’s fast-paced world, professional and personal development are crucial for success, especially for the younger generation, including Gen Z. With the ever-evolving job market and changing workplace dynamics, it is essential for individuals to continuously […]
Income Tax Search and Seizure (Search)
Income Tax Search and Seizure (Search) Contributed By: S. Prabhakar Email id: sprabhakar@simplybiz.in It is not uncommon for any professional to face income tax search and seizure (also referred to as “Raid”) few times in their career. The very thought of an Income Tax Search and Seizure gives a chill in the spine and un-nerves […]
Managerial Remuneration
Managerial Remuneration Contributed By: P.Rithika Kumari Email id: rithika@simplybiz.in Introduction Managerial remuneration means the remuneration which is paid by the company to its key managerial personnel’s. KMP’s include Chief executive officer or managing director or the manager, company secretary, such other officer, not more than one level below the directors who is in whole-time employment, […]
Taxation on Employee Stock Option Plan
Taxation on Employee Stock Option Plan Contributed By: Swati Sharma Email ids: swati@simplybiz.in What is ESOP Section 2(37) of Companies Act, 2013 defines “employees stock option” which means, ‘the option given to the directors, officers or employees of the company or of its holding or subsidiary company or companies, if any, which gives such […]
Social Stock Exchange
Social Stock Exchange Contributed By: S Prabhakar Email ids:sprabhakar@simplybiz.in What is a Social Stock Exchange? Social Stock Exchange can be defined “as a regulated platform that connects the charitable foundations and social organizations with donors to make it easier to support, diversify and grow the social enterprises’’. The most important role that SSE shall play […]
Adjudicating Order for violation of Section 117(3)(g) read with 179(3) of the Companies Act, 2013 relating to non-filing of resolutions by the Nidhi Company
Adjudicating Order for violation of Section 117(3)(g) read with 179(3) of the Companies Act, 2013 relating to non-filing of resolutions by the Nidhi Company Contributed By: Yogesh Kukreja Email ids:yogesh@simplybiz.in Reference of Section 179(3) along with Section 117 of the Companies Act, 2013 (‘Act’) – Powers of Board & Resolutions to be filed. The Board of Directors […]
Grey Areas of Competition Law Policies
Grey Areas of Competition Law Policies Contributed By: Anant Agarwal Email ids:anant@simplybiz.in Introduction India’s made its first official body to regulate competition in May 2009 and the Competition Commission of India (CCI) was set up under the Ministry of Corporate Affairs. It is a stand-alone body which is responsible for investigating mergers, acquisitions, and pricing strategies […]
Understanding Exit Rights: An Investor’s Perspective
Understanding Exit Rights: An Investor’s Perspective Contributed By: Sharanya Ramakrishnan Email ids:sharanya@simplybiz.in Introduction As much time and energy is spent entering into a business relationship, the same, if not more, attention is paid to getting out of one. Although each company and its dynamic between its shareholders differ on a case-to-case basis, the need for a […]