Significant Amendments Under Companies Act, 2013

Major revamp of Companies Act enhancing accountability of ultimate beneficial interest in shares and significant move towards digitization making the demat of shares mandatory even for private companies.

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Maintaining Books of Accounts as per Companies Act 2013

Book of Accounts includes: – all sums of money received and expended by the company and explanation of the said transaction; all sales and purchases of goods and services by the company; the assets and liabilities of the company; the items of cost as may be prescribed under section...

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Differential Right Shares Under Companies Act 2013

The share capital of a company shall be of two kinds, namely: — (a) equity share capital— with voting rights; or with differential rights as to dividend, voting or otherwise. (b) preference share capital. While equity shares with voting rights and preference shares are well-known, it’s worth noting that...

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Convertible Note (“CN”)-Additional And Flexible Funding Option For Startups

Convertible Note is an instrument evidencing receipt of money initially as a debt, which is- upon occurrence of specified events and as per the other terms and conditions agreed to and indicated in the instrument.   CONDITIONS TO ISSUE CONVERTIBLE NOTE (“CN”): The company that wants to issue CN...

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Tax Exemptions for Recognised DPIIT Startups

A “start-up company” refers to a private company incorporated under the Companies Act, 2013, or Companies Act, 1956, or registered partnership firm or Limited Liability Company and recognized by the Department for Promotion of Industry and Internal Trade on following criteria: – Tenure of up to 10 years from...

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BRSR Core –Framework for assurance and ESG disclosures for value chain

  BRSR Core –Framework for assurance and ESG disclosures for value chain SEBI has issued BRSR Core-Framework for assurance and ESG disclosures for Value chain basis the recommendations of ESG Advisory committee and public consultation. Revised Business Responsibility and Sustainability Reporting (BRSR) Reasonable assurance of the BRSR Core Environmental,...

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MSMEs Registration Process

As per the data, Registered micro-enterprises stand at 13,834,411 (96.12%), followed by small enterprises at 446,980 (3.11%) and midsized enterprises at 40,400 (0.28%). Registered MSMEs can avail Special Credit Linked Capital Subsidy Scheme (SCLCSS) for the services sector In budget 2023-24 special impetus was provided to MSME sector by...

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Making an Impact: Exploring Corporate Social Responsibility

As we embark on a new FY, here is a roundup of #CSR provisions as applicable to your Company. In case of an “ongoing project” last date to transfer unspent CSR funds to a special account is 30th April.  

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