Please tell us the NIC code for NGO as Section 8 Company
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code
Hi Ask Members,
We have some companies who have approached us for filing of INC-20A, Declaration for Commencement of Business. As per Law, if the company does not file INC-20A within 6 months of incorporation, the concerned ROC can strike off the name of the company from the Register of Companies. Will filing of INC-20A after 6 months cause any issues later on and might attract strike-off notice from ROC?
incorporation months after filing
Hi Ask Members,
I have one company that missed out to file SH-7 eForm since the last year 2020 Dec and so far there are a total of 3 SH-7 pending as of date.
What is the way to calculate additional fees as MCA only offers fees for the increased capital and unless we file the previous form, how to arrive at the fees of subsequent forms?
Please help if you have any experiences as such.
filing form late fees additional
Hi Members,
Looking at the difficulties of entrepreneurs, GOI launched the Exemption under Angel Tax. Can somebody explain the procedure if any startup has secured an angel funding round and is there any limit of exemption?
Hi Everyone,
While filing eForm INC-24 and filling MGT-14 Form filing date, the error is showing as a java pop that
"Date should be less than or equal to system date".
Kindly help.
Hi Members,
As with the latest gazetted notification, professionals can form multidisciplinary firms for their practice. My question is what would be the name guidelines for forming such entities to go in the corporate format?
firm professional multidisciplinary
Hi CC Members,
According to you what are the best instruments for startup funding?
instrument funding startup
Dear CC Members,
I wish to know from you which instrument is most viable for a startup?
a) Equity Shares
b) Convertible Notes
c) CCPS
d) Any other
instrument funding startup 
Yes, the RBI has issued a circular regarding the valuation of shares of unlisted NBFCs. As per the RBI circular, the valuation of shares of unlisted NBFCs should be carried out as per the Discounted Free Cash Flow (DCF) method. The DCF method takes into account the future cash flows that the NBFC is expected to generate, and discounts them to their present value using a suitable discount rate.
The circular also specifies that the valuation report should be prepared by an independent valuer who has the necessary qualifications and experience. The valuer should also disclose any conflict of interest that may arise during the valuation process.
It is important to note that the valuation of shares of unlisted NBFCs is a complex process, and should be carried out in accordance with the guidelines prescribed by the RBI. Any deviation from the prescribed guidelines could lead to regulatory action against the NBFC.