Author name: Rna

Guide For Start-Ups

 The objective of preparing this guide is to give an insight about Start-ups, its various stages, about Start-up India Scheme, the process of recognition, funding options for start-ups and the benefits of being a Start-up. The document also covers the basic compliances to be undertaken under various acts like Companies Act, 2013, Income Tax Act, …

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Retainer Engagement Model for Corporate Secretarial Services

R&A Associates is a Professional Services firm rendering a wide spectrum of Corporate Secretarial Services. We aspire to provide quality services to our clients based on their entity structure, objective, future plans & business requirements. We pioneer in managing compliances & delivering solutions to our clients through our unique engagement models and one such model …

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Foreign Direct Investment (FDI-LLP) in Limited Liability Partnerships

About the client: Foreign investment is permitted under the automatic route in LLP operating in sectors/activities where 100% Foreign Direct Investment (FDI) is allowed through the automatic route and there are no FDI-linked performance conditions. As of now, payment by an eligible foreign investor towards capital contribution/profit share of LLPs is allowed only by way …

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Relaxation on levy of additional fees & relaxation of time in filing of certain Forms

Relaxation on levy of additional fees in filing of certain Forms  MCA vide General circular no. 11/2021 dated 30th June, 2021 decided to grant additional time up to 31st August, 2021 to Companies/LLPs to file forms under the Companies Act, 2013/ LLP Act, 2008 (other than CHG-I Form, CHG-4 Form and CHG-9 Form) which were/are …

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Benefits to Start-ups Registered with DPIIT under the Income-Tax Act

A Start-up is a young company/entity founded by one or more entrepreneurs to develop a unique product or service and bring it to market. By its nature, it is beginning to develop and grow, is in the first stages of operation, and is usually financed by an individual or small group of individuals. Start-up India …

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FAQs on Corporate Social Responsibility(CSR)

ELIGIBILITY/APPLICABILITY: Which year’s profits, turnover and net worth will be reckoned for understanding the applicability of CSR? Immediately preceding financial year Profit (Rs.5 crores), Turnover (Rs.1,000 crores) and Net Worth (Rs.500 crores) shall be taken into consideration. Whether applicability of CSR provisions is to be considered every year? Once CSR provisions are applicable in any …

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Board and General Meetings through Video Conferencing

BOARD AND GENERAL MEETINGS THROUGH VIDEO CONFERENCING The Companies Act, 2013 allows convening of Board Meetings through Video conferencing (VC) or any Other Audio-Visual Means (OAVM) and has recently also allowed convening of General Meetings through VC or OAVM in view of the Covid-19 pandemic. This has resulted in ease of convening meetings and has …

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New Criteria for Classification of Micro, Small and Medium Enterprises

The Ministry of Micro, Small and Medium Enterprises (MSME) has issued a notification dated the 1st June 2020 revising the criteria for classification of Micro, Small and Medium Enterprises. The changes have been made in the MSME definition by virtue of Aatmanirbhar Bharat Package on 13th May 2020. The new definitions and criteria will come …

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Due Diligence under Companies Act, 2013 and FEMA Regulations

About the client: Due Diligence is generally performed before a Company goes through any Private Equity investment or Change in the Management or Funding from Bank or Financial Institutions. R&A Associates has been conducting Due Diligence of companies based on the specific purpose. In the present case, R&A conducted Due Diligence for a Company which …

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