Non-compliance of law results into offences by company or officer in default. Offences can be compoundable and non-compoundable. Compounding generally refers to “doing good the default/non-compliance.” It is a settlement for the offence committed by the company or an officer thereof and a short cut method to avoid litigation and to bring an end to […]
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FDI – Foreign Direct Investment ODI – Overseas Direct Investment Compounding of Offences ECB FEMA audit & Due Diligence
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Search Report refers to a report generally prepared by Professional CA/CS/CWA/Advocates, about a company after detailed inspection from the records of the Registrar of Companies. Banks are more and more emphasizing on Search Reports while opening of bank accounts or providing loans to such Companies. The purpose of Search Reports is also to keep the […]
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Due Diligence is an investigation or audit of potential investment to confirm all facts, such as reviewing all financial records, plus anything else deemed material. Such an audit is conducted before the bank loan funding, private equity, slump sale etc., In the Due Diligence audit, the financial, legal, business operation model, taxation aspects and compliance […]
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A company’s name is considered the identity of the company and it can be changed with the approval of the Board as well as shareholders through a special resolution. Necessary e-forms have to be prepared and submitted to ROC. Once ROC approves the proposed name, a new certificate of incorporation is issued and the change […]
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Every company has to maintain the statutory records and register mandatorily. The statutory register and records shall be kept at the registered office of the company. List of Statutory Registers to be maintained are: Register of Members Register of Directors and KMP Register of Loans/Guarantee/security & Investments Register of Charges and instrument of charges Register […]
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One of the most important features of a Company is that its shares are transferable. Transfer and transmission of shares both involve the change of ownership of shares in the company. Transfer of shares refers to the investor voluntarily altering the ownership of his/her shares by giving them to another investor. Transmission of shares is […]
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When a company wishes to raise capital, it may do so by fresh issue of shares. This issue of shares can be through private placement, preferential allotment, ESOPs (Employee Stock Option Scheme), bonus issue, issue of sweat equity shares etc., The process of allotment to various shareholders/entities is governed by the Companies Act, 2013, and […]
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As the company grows, its size of operation also increases. It may need more funds for new venture, expansion or diversification of business operations or to meet the expenditure requirements that may arise in future. The company may also go for merger or acquistion or corporate restructuring. These requirements can be met by increasing the […]
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A change in the registered business office address may be required due to better management, convenience and various other reasons. The shifting can be within the local limits of same city, outside the local limits within same city, from jurisdiction of present ROC to another ROC and sometimes from one state to another. Statutory compliances […]
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