Working Capital & its Importance for a Business
Overview It’s a known fact that most start-ups usually run on tighter budgets while struggling with the pressure of performing better or giving better output on lesser funds when already dozens of competitors are existent in the market. Therefore, one key strategy that could be helpful for start-ups, in the long run, is better working...
Important facts and information about LIC IPO
The FM Nirmala Sitharaman has announced the plan of the Govt. of India to launch a mega issue of the Initial Public Offer (IPO) of the Life Insurance Corporation (LIC) of India, which is the largest insurer organization in India with a market share of around 69% share in the insurance business. Apart from being...
Annual Compliances of OPC & Its Procedure
Overview In recent years, we have seen a considerable rise in the growth & development of start-ups. In all these years, numerous start-up companies have emerged in the Indian corporate industry and still are continually working towards the expansion of their business on a global level. While flourishing start-ups are generally focused on building unique...
Roles & Responsibilities of an Internal Auditor
Overview The business environment today is becoming increasingly competitive and aggressive given the complex legal & regulatory framework required to be followed by the start-ups. Irrespective of the success and growth of the business, it is always exposed to a certain level of risk throughout its life, but what really differentiates a start-up from its...
All you want to know about the Director KYC process in India
As we all know, a company is a separate legal entity having its distinct identity apart from its shareholders and its management. However, it is the board of directors who are typically known as the brains and hands of the company. Every start-up company /LLP has its designated partners and directors on its board, however,...
MOA & AOA of Company
Overview There is no better time to start-up more than ever. A lot of individuals including working professionals are choosing to start their entrepreneurial journey now. While most entrepreneurs focus primarily on developing unique products/services to sell, only a few of them can enable a disciplined and humble environment in their work to ensure the...
Removal vs Resignation of Directors
With each passing day more and more start-ups are being launched in the Indian ecosystem. While ensuring their survival among the stiff competition and multiple challenges, what sets a start-up apart from other start-ups even having better business models, is its ability to successfully grow from a seed into a profitable business often depends on...
Secretarial Audit of Startups and other Companies
Every healthy and financially sound start-up has one basic attribute i.e. sound system of corporate governance. Considering the importance of managing legal compliances for a start-up, there are various rules and regulations prescribed for certain start-up business organizations that should be recognized and timely followed to reduce the risk of occurrences such as fraud, mismanagement,...
Roles & Responsibilities of a Statutory Auditor
Overview Running a start-up is not easy anyway. Apart from the focus on key business development activities, it also demands constant investment in terms of time & effort for managing all the applicable statutory compliance and regulations. Start-ups in India are subject to various compliances under several laws & regulations. These include the periodic filing...
All About Annual LLP Compliances
Overview Starting a business and running it for the long term are two completely different things. It would be an interesting fact to know that most start-ups fail within five years of initiation of their business operations. But, what goes wrong? There could be many reasons such as failure to establish a unique product, disputes...
