What is SAFE note? SAFE (Simple Agreement for Future Equity) notes are a simpler alternative to convertible notes. They were created in 2013 by Y Combinator, a Silicon Valley accelerator, and allowed startups to structure seed investments without interest rates or maturity dates. SAFEs are short five-page documents. The valuation caps are the only negotiable …
Introduction: The Board of Directors sets goals and objectives for the company. The Key Managerial Personnel monitor and achieve the goals and objectives targeted by the Board of Directors of the Company. The Board members of the Company are not mandatorily required to be involved in the day-to-day operations. Key Managerial Personnel (“KMP”) refers to …
Key Managerial Personnel as per Companies Act,2013 And SEBI (LODR)Regulations, 2015 Read More »
Foreign Direct Investment (“FDI”) can be from Overseas Individuals, Foreign Companies or Foreign Institutional Investors under Automatic Route or Government Route. FDI is permitted in all sectors except for those contained in the prohibited list including atomic energy, betting and gambling, lottery business etc. FDI may or may not require prior regulatory approval depending on …
Amendment in the FDI rules to shield Indian Companies Read More »
FEMA Act, 1999: The Foreign Exchange Management Act, 1999 (FEMA) is an Act of the Parliament of India “to consolidate and amend the law relating to foreign exchange with the objective of facilitating external trade and payments and for promoting the orderly development and maintenance of foreign exchange market in India”. It was passed in the winter session of Parliament in …
Consequences of non-compliance under FEMA Act, 1999 Read More »
Limited Liability Partnership is a unique form of a legally recognized corporate entity, a partnership in which all partners (depending on the jurisdiction) have limited liabilities. It, therefore, can exhibit elements of partnerships and corporations. In an LLP, each partner is not responsible or liable for another partner’s misconduct or negligence. It is more flexible …
Conversion of an Unlisted Public Company into Limited Liability Partnership Read More »
Background The Companies Act, 2013 has defined the term Financial Year in order to ensure uniformity of financial year among all companies. Under the previous law i.e the Companies Act, 1956 (Old Act), the term Financial Year was not defined and Companies had the liberty to fix their financial year (for example-1st April to 31st March or 01st …
Change in Financial year as per Companies Act, 2013 Read More »
This is a place to refer all concessions / reliefs provided by governments and authorities to Indian Businesses due to Corona (Covid-19) outbreak. This blog covers – Income Tax, Goods and Service Tax, Customs, Ministry of Corporate Affairs, Reserve Bank of India, Securities and Exchange Board of India, Insolvency and Bankruptcy Code, 2016, Telangana Government …
Background: A Company may raise loan from the public other than deposits by way of issuing instruments of debt against the Company. Such instruments of debt are usually called debentures. “Debenture” as defined under Section 2(30) of the Companies Act, 2013 (“the Act”) includes debenture stock, bonds or any other instrument of a Company evidencing …
S. No Activities Regulations Acts / Regulations, etc. Compliance Due Date 1. Statement on Investor Complaints: Specifying the number of investor complaints pending at the beginning of the quarter, those received during the quarter, disposed of during the quarter and those remaining unresolved at the end of the quarter. 13(3) SEBI Listing Regulations 2015 21st January, …
S.No. Regulation Compliance Due Date As per SEBI (LODR) Regulations, 2015 1 27(2) Corporate Governance Report In respect of the listed entity having paid up equity share capital exceeding rupees ten crore and net worth exceeding rupees twenty-five crore, as on the last day of the previous financial year. 15th October, 2016 2 13(3) Statement …
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