CS Sweety Aggarwal

There are two forms prescribed by the MCA, depending on the director’s filing history: DIR-3 KYC (For directors filing for the first time or if there were changes in personal details). ⚠️ Penalty for Non-Compliance If a director fails to file the KYC by the due date: The DIN is deactivated with the reason “Non-filing […]

In India, the Ministry of Corporate Affairs (MCA) has mandated Know Your Customer (KYC) for all directors to ensure transparency and curb fraudulent activities in the corporate ecosystem. The Director’s KYC compliance is crucial for maintaining an active DIN (Director Identification Number) status. As the deadline approaches, it’s essential for companies and directors to stay […]

MCA has updated rules requiring listed companies’ annual board reports to include: ✅ The number of sexual harassment complaints received. ✅ he number resolved/disposed during the year This formalizes transparency, ensuring boards monitor and disclose workplace safety metrics. Background Context: ✅ Under the POSH Act (2013), employers must: ✅ Maintain an Internal Complaints Committee (ICC) […]

Three variations of iSAFE notes: iSAFE – Valuation Cap iSAFE – Discount iSAFE – Valuation Cap + Discount Each version provides flexibility to investors and startups to structure deals according to their risk appetite and future growth plans. ✅ Benefits for Startups Avoids dilution at very early stages Speeds up fundraising No need for complex […]

Raising early-stage capital is one of the most crucial — and challenging — steps in a startup’s journey. Traditional equity financing can be complicated, time-consuming, and expensive to structure. That’s where iSAFE (India Simple Agreement for Future Equity) steps in as a game-changing alternative. 📌 What is iSAFE? iSAFE is a founder-friendly investment instrument introduced […]

In the dynamic landscape of corporate structuring and capital raising, companies are constantly exploring innovative mechanisms to balance control and capital infusion. One such mechanism gaining popularity in India is the issuance of Equity Shares with Differential Voting Rights (DVRs). These instruments offer a unique way to separate voting power from economic ownership, enabling founders […]

The DPT-3 form under the Companies Act, 2013 is important because it helps ensure transparency, regulatory compliance, and accountability regarding the money a company receives from outside sources, particularly in the form of deposits or other funds. 1. Regulatory Compliance ✅ DPT-3 is a mandatory return filed under Rule 16 of the Companies (Acceptance of […]

📅 30th June every year ✅ Key Points: Who must file? Every company other than a government company (including private limited companies) that has accepted any money or loan which is not considered a deposit as per Rule 2(1)(c) of the Companies (Acceptance of Deposits) Rules, 2014. What is it for? Filing of return of […]

1. Obtain Digital Signature Certificate (DSC) Every designated partner must have a valid DSC. Required documents: PAN, Aadhaar, photo, email ID, and phone number. 2. Reserve Name of the LLP (RUN-LLP) File the Reserve Unique Name – LLP (RUN-LLP) form through the MCA portal. Choose a unique name in accordance with the LLP Name Guidelines. […]

What is an LLP? An LLP is a body corporate formed and incorporated under the LLP Act, 2008. It has a separate legal entity distinct from its partners and offers limited liability protection to its partners. Unlike a traditional partnership firm, an LLP is governed by a statutory framework, ensuring better compliance and transparency. Key […]