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. Akansha Rathi and Associates (ARACS), Company Secretary Firm in Navi Mumbai is engaged into compliance related services. We have a team...
Read MoreBook 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...
Read MoreThe 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...
Read MoreConvertible 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...
Read MoreThe “Directors’ Report” is a report prepared by the directors of a company and presented to the shareholders at the annual general meeting under the Companies Act, 2013. This report gives an overview of the company’s financial position and performance for the year. Akansha Rathi and Associates (ARACS),...
Read MoreA “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...
Read MoreThere are few options of long-term incentive plans for Employees commonly used by startups to attract and retain talent and build ownership towards the company. Some of these possibilities are explained here. Akansha Rathi and Associates (ARACS), a distinguished Company Secretary firm in Navi Mumbai, offers a...
Read MoreAs 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...
Read MoreIn case of IBC Liquidation, distribution of assets has to be done in accordance with the waterfall mechanism and no preference can be given for workers dues or government dues. Dues of employees or workers towards pension or provident fund dues or gratuity dues are protected by way of...
Read MoreCPACE is set up by Ministry for faster exit to companies in winding up for which STK 2 form shall be disabled on MCA portal V2 on 30th April and will be rolled out in V3 on 1st May. Akansha Rathi and Associates (ARACS), Company Secretary Firm...
Read More