SAFE stands for "Simple Agreement for Future Equity", and SAFE notes are a form of convertible security issued by very early start-ups to raise funds in their initial seed stage from individual angel investors.
Definition of Related Party Transactions ('RPTs') in the Act covers a wide range of transactions. Thus, it is absolutely necessary to understand the concept of identification, approval and disclosure of RPTs.
"Transmission of Securities" means transferring the ownership of securities to legal heirs or successor or nominee or surviving joint holder, by operation of law, in case of death of a security holder, insolvency, inheritance or lunacy of the member.
Sweat equity is generally not monetary and, in most cases, comes in the form of physical labor, mental effort, and time. Sweat equity is commonly n the corporate world - especially for startups.
The author has listed down information about MCA and MCA21 with latest figures
Compliance Requirements for 30th November 2021
Postal Ballot means voting by post or through any electronic mode. It includes voting by shareholders by postal or electronic mode instead of voting personally for transacting business in a general meeting.
Here we are going through post incorporation compliance of a Nidhi Company.
In the series of FAQs in this article, we have considered the critical issues around financials of a company under the Act and LODR vis-à-vis COVID-19 and have provided certain check points that the directors and the management need to adopt
Cash flow statements are to be prepared by all companies but the act also specifies a certain category of companies which are exempted from preparing the same. Such companies are One Person Company (OPC), Small Company and Dormant Company.
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