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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MCA New Rules for Voluntary Exit of Companies

CPACE 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.

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