Please tell us the NIC code for NGO as Section 8 CompanyClick here to view / answer Share it on
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?
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.
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?
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".
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?
Hi CC Members,
According to you what are the best instruments for startup funding?
Dear CC Members,
Do managing director(s) and whole-time director(s) are liable to retire by rotation under the companies Act, 2013?
Kindly share your perspective.
Compliance Calendar LLP is Recognised as Startup by DIPP Under Ministry of Commerce & Industry, Government of India
Startup funding instruments are various types of financial instruments used by startups to raise capital from investors. Some common startup funding instruments include:
Equity: Startups can raise funds by issuing equity shares to investors in exchange for cash. Equity investors become shareholders in the company and share in the profits and losses of the business.
Convertible notes: Convertible notes are debt instruments that can be converted into equity shares at a later date. Startups can issue convertible notes to investors as a short-term debt instrument with an option to convert the debt into equity in the future.
Preferred shares: Preferred shares are a type of equity that gives investors preferential treatment over common shareholders in terms of dividends and liquidation preferences. Startups can issue preferred shares to investors who want to have a higher priority in the distribution of profits.
Debentures: Debentures are long-term debt instruments that offer a fixed rate of interest to investors. Startups can issue debentures to investors who want a fixed return on their investment.
Crowdfunding: Crowdfunding is a method of raising funds from a large number of people through an online platform. Startups can use crowdfunding to raise funds from the general public and build a community of supporters for their business.
Grants: Startups can also apply for grants from government agencies, foundations, and other organizations. Grants are non-repayable funds that can be used to support research and development, marketing, and other business activities.
It is important for startups to choose the right funding instrument based on their specific needs and the stage of their business. They should also consider the legal and financial implications of each instrument before raising funds from investors.