What aspects are to be kept in mind while preparing the statement of assets and liabilities to be submitted along with Declaration of Solvency? A Declaration of Solvency is required from majority if the directors of the Company verifying that if there exists any debt in the....
As we all are aware that the Institute of Company Secretaries of India (ICSI) and the Institute of Chartered Accountants of India (ICAI) had come out with an innovative concept of UDIN, which needs to be generated and to mention on the certificate/report/financial issued by the....
For whatever reasons, if you have decided to close your company in India, it is very important that you decide the right format of doing it and understand the cost implication. We will restrict our discussions here to a company which is solvent (can pay it’s debts). There....
The Memorandum of Association and Articles of Association are the two crucial documents that describe the constitution and govern the internal management of the company. The memorandum confirms that the subscribers wish to form a company and agree to become the first members of....
Most of the E-commerce businesses have some form of FDI. With the exponential growth of E-commerce in India in last few years, even though at the cost of very high cash burn ratio, it has directly and indirectly affected other players like brick and mortar stores and politically....
One of the important steps after incorporating a wholly owned subsidiary (WOS) of a foreign company is opening of bank account and bringing in subscription money. IS THERE ANY TIMELINE FOR BRINGING IN THE SUBSCRIPTION MONEY.? To answer this question, we shall go through the....
The Entrepreneurs/Promoters conceive an idea to start a business which later on flourishes. These potential ideas, for reasons such as market situations, idea being ahead of its time, etc. may not work as envisioned. So, it becomes imperative for the entrepreneur to hold on for....
We are in the golden age of seed financing. Venture capital funds, seed funds, super angels, angel groups, incubators and “friends and family” are all playing the seed financing game and investing early in startups. The vast majority of high-growth startup companies rely on....
There are certain rules and regulations to be followed while establishing any legal venture, it gives an entity a legal identity. Establishing a business in any country requires diligent acknowledgment and adherence to the prevailing laws. In India, the Ministry of Corporate....
Indian Companies Act empowers Board of Directors to take most of the business decisions. However, there are certain matters which affect the shareholders which can only be approved in Shareholders meeting. Some of the matters which can be proceeded with only after....
