DVG & Associates

02/04/2022

The festival of Gudi Padwa is celebrated on the first day of the Chaitra (Hindu calendar) and falls in late March or early April in the Gregorian calendar. Gudi Padwa is also known as Gudi Padva and Ugadi in South India. This festival marks the beginning of the spring season. It also marks the beginning of the New Year for Marathi and Konkani Hindus in the subcontinent. This festival commemorates the return of Lord Rama when he returns to Ayodhya after an exile of 14 years, along with Sita and Lakshman. This festival also celebrated Lord Rama’s crowning. Happy Gudi Padwa to all

17/03/2022

DVG & Associates wishing everyone happiest Holi

18/02/2022

Foreign Direct Investment inflow is increasing day by day in India since 2010 due to advancement of startup culture, lowering corporate tax rate and other ease of doing business initiatives. Govt. has tried to simplify the various processes and compliances associated with the FDI. Still there is a need to harmonize the various statutes with respect to valuation requirements of capital instrument as IT Act and FEMA requires valuation certificate from CA / Merchant banker while Companies Act requires valuation certificate from registered valuer.

Govt. has already formalized the valuation profession by enacting the provisions of Registered valuers in the Companies Act and hence, they must be allowed to do valuation in each statutes and not just under the Companies Act.

We have written an Article titled “Regulatory framework of Issue of Shares & Securities to Foreigners” which covers the various aspects of FDI, its associated process, reporting requirements and valuation aspects.

Link of the Article:

Foreign Direct Investment (FDI) is one of the important source of funds for developing countries like India. Economic liberalization started in India in the wake of the 1991 crisis and since then, FDI has steadily increased in the country. With the lowering tax rate for corporates and availability o...

24/09/2021

There is an increasing trend for the large companies to issue ‘Non-Convertible Redeemable Preference Shares’ (NCRPS) because of certain advantages of NCRPS over an equity shares the most common being retaining control and voting rights in the Company. There are many doubts in the minds of the professionals regarding the issue and redemption of preference shares and the premium on redemption. We have tried to cover each aspect of the provisions in simplified manner in our article titled ‘Issue and redemption of Preference shares’.

Link of the Article:

There are 2 types of share in any company first is Equity shares or Common Stock and second is Preference shares or Preferred stock. Equity shareholder are considered as real owners of the Company as they have voting rights in a company while preference shareholders don’t have voting rights on all...

19/06/2021

Earlier, Foreign Directors of Indian companies need to visit India only for attaining board meetings wherein some specified transactions are dealt with like approval of financial statement, matters related to mergers, demergers, acquisitions etc. Now, all kind of transactions can be done via virtual board meetings and there is completely no need to conduct physical board meetings permanently. This is a positive step for ease of doing business as in today's digital era most of the things can be done remotely via internet. Thanks to the Covid, regulators understood the importance of virtual meetings!

11/06/2021

A clear permissible foreign investment without any government approvals is key factor while choosing a corporate entity by the entrepreneurs. Prior to 2015, FDI under automatic route was allowed only in Indian Companies. Foreign Investment in Limited Liability Partnership required prior approval of the Government. Since 2015, Government has amended its FDI policy and allowed foreign investment in LLP under automatic approval route subject to some conditions. In this regard, we have written an article titled “Foreign Investment in Limited Liability Partnership in India” which covers the provision of foreign investment in LLP, Valuation and reporting requirements etc.

Link: http://csdvg.com/common/blogdetail?id=82

01/05/2021

It gives me an immense pleasure to share with you my latest e-book covering SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015. This e-book covers listing obligation of the entities which has either listed equity shares or equity convertible instruments. The amendments upto January, 2021 has been incorporated in this e-book. Moreover, proposed changes under the LODR of which SEBI had issued a consultation paper on September 11, 2020 has also been incorporated in the respective regulation. I have taken an utmost care while writing this e-book and tried to simplify the provisions of the LODR regulations as per best of my knowledge, skills and ability. I hope you all will find this e-book useful in your day to day professional life.

https://drive.google.com/file/d/1NHkjYmnnz4U-Yxvvp9LLubtVkkeKX6Ex/view?usp=sharing

20/04/2021

SEBI Regulations requires promoter of the Company to comply with various Transitional, Event Based, Annual and Pledge Disclosures with the Target Company and Stock Exchanges. There are also dealings restrictions on promoters during the period of closure of trading window. So, promoters needs to comply with various regulations even if, in some cases, they are not controlling the affairs of the company or sold majority of its shares or has no direct or indirect relationship with the company. This requires re-classification from promoter to public so as to avoid compliances under various SEBI regulations. In this regard, we have written an article titled “Re-classification of Promoters and Promoter Group of Listed Entity” containing various provisions of re-classification, process and proposed amendments in the provisions.

Link: http://csdvg.com/common/blogdetail?id=80

08/04/2021

We have written an article striking off the name of the LLP from the Register which contains legal provisions for strike off, Documents required for strike off, Process of Strike off and some of FAQs pertaining to strike off.

Link of the Blog: http://csdvg.com/common/blogdetail?id=79

23/02/2021

Many Celebrities in India like Shah Rukh Khan, Ajay Devgan, Kajol etc. registered their names as trademarks almost in all 45 classes so as to prevent others from using their names for dishonest commercial purposes but whether such blanket applications in all classes without actual use is justifiable as we have adopted a policy of trademark protection based on use and not based on merely registration? In this regard we have written an Article titled "Celebrity Trademarks in India” which covers all aspects of celebrity trademarks.

Link of the Article: http://csdvg.com/common/blogdetail?id=78

03/02/2021

In order to incentivize the formation of One Person Companies (OPC), the budget of 2021 has introduced some of the amendments with regard to OPC. Now OPCs will be allowed to grow without any restriction on paid up capital and turnover, allowing conversion into any other type of company at any time. It also reduces the residency limit for an Indian citizen to set up an OPC from 182 days to 120 days, and allow also non-resident Indians to incorporate OPCs in India.

In this regard, we have written an Article titled “One Person Company – Incorporation, Nomination and Conversion” which contains the various provisions of OPC, Advantages, Nomination, Latest amendments, and process for conversion of Private Company into an OPC.

Link : http://csdvg.com/common/blogdetail?id=77

02/02/2021

There are complex and tedious compliance requirements for Public Companies in India. In contrast, Private Companies has fewer compliances as compared to the Public Companies. In addition, there are various exemptions available under the Companies Act 2013 for a Private Limited Company. Recently, in the budget of 2021-22, the limits of the small company has been enhanced and now Private Companies having capital upto Rs.2 crore and turnover upto Rs.20 crore will be deemed as small company and they can take the benefits of small companies available under the Act. In coming days, many Public Companies will start converting into Private Companies to get the benefits of small company, to reduce the compliance burden and to avail the relaxation or exemptions provided to Private Companies by the Government.

In this regard, we have written an Article on “Conversion of Public Company into Private Company” which deals with the entire process of conversion.

Link of the Article: http://csdvg.com/common/blogdetail?id=76 #