Introduction India’s startup ecosystem has witnessed rapid global expansion over the last decade, with many homegrown startups choosing to incorporate abroad in countries like the United States or Singapore for easier access to capital and favorable regulatory environments. However, recent government reforms are now encouraging the “reverse flipping” of startups—bringing those companies back to India. […]
As a business expands, it may consider growing in terms of operations, size, scope, or structure. To achieve this growth, it might be necessary to infuse more capital into the company, thereby increasing its share capital. Sometimes, the required capital may exceed the current allowable limit. Authorized capital is the maximum amount of capital a […]
What is Form CHG-4? Form CHG-4 is filed to notify the RoC about the payment or complete satisfaction of any registered charge within 30 days from the date of such payment. This form plays a vital role in ensuring transparency and compliance in corporate financial dealings. Legal Framework: Want to File CHG-4: File With Legal […]
India’s direct tax collections surged to Rs 15.60 lakh crore by February 10 in the current fiscal year, marking a notable year-on-year increase of 20.25%, primarily driven by a robust rise in personal income tax, according to recent official data from the Central Board of Direct Taxes (CBDT). As of February 10, the net tax […]
As the financial year (FY) 2023-24 approaches its conclusion, it’s crucial for individuals to undertake effective tax planning. There’s a myriad of investment options available to save on taxes while aiming for respectable returns. Prior to selecting an investment instrument, investors should assess their risk appetite, investment objectives, and time horizon. Constructing a portfolio should […]
Effective February 1, 2024, the process of transferring money through the Immediate Payment Service (IMPS) is poised to become remarkably simpler, requiring only a mobile number and the recipient’s bank account name. Under a directive from the National Payments Corporation of India (NPCI), customers can initiate transfers up to Rs 5 lakh between bank accounts […]
Mutual funds and asset management companies (AMCs) in India are mandated by the Securities and Exchange Board of India (SEBI) to levy certain expenses known as the total expense ratio (TER) for managing mutual fund schemes. The TER encompasses various costs such as management fees, administrative fees, distribution fees, auditing fees, legal fees, and other […]
Corporate Social Responsibility (CSR) regulations in India mandate eligible companies to allocate a minimum of 2% of their average net profit from the preceding three financial years towards CSR projects. These regulations apply to companies meeting certain financial thresholds, including: A CSR committee is required to be constituted by compliant companies, responsible for formulating annual […]
When a public announcement is made for an open offer to acquire shares of a target company, any individual or entity other than the acquiring party making the initial announcement has the right to issue a public announcement for an open offer within fifteen working days from the detailed public statement made by the first […]
Types of Mergers a) Horizontal Merger: A horizontal merger occurs when companies selling similar products in the same market and competing directly merge. This consolidation aims to benefit from economies of scale, reduce competition, and potentially attain monopoly status. An example is Facebook’s acquisition of Instagram in 2012 to expand its market share and product […]