At least two lac directors on the board of companies, whose names have been struck off by the Registrar of Companies (RoC), will be barred from holding any board position in new ventures although they will not have to step down from the board of other companies on which they are currently directors. So far, names of 2.1 lac companies ...
Funding Compliance is a buzzword these days and it gives a lot of confidence to founders to execute their dreams, and visions quite fast. At times start-ups do not get funding at the right time and sometimes they take advantage of borrowing from friends and family, taking loans from banks and NBFCs, and mezzanine funding from angel funds, VCs, etc. ...
Preparation of Accounts and Financial Statements is mandatory for all companies as per the Companies Act, 2013. Private Limited Companies, Limited Companies, and One Person Companies are required to prepare proper financial statements. Further, the Financial Statements are required to be audited by a Chartered Accountant and filed along with the Annual Return to the Registrar of Companies. Any non-compliance ...