External Auditor vs Internal Auditor
External Auditor vs Internal Auditor As per Institute of Internal auditor of India, “Internal auditing is an independent, objective assurance and consulting activity designed to add value to and improve an organization's operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control and governance processes.” On the other hand, External Auditor means examination by independent body of the accounts and financial statements of the organisation required [...]
Loan to Director in case of a Private Limited Company
Can Director take loan from private limited company? Introduction of Companies act, 2013 had major impact on working pattern of companies and its compliance requirement, in the erstwhile act there was no separate provision dealing specifically with loan to directors. However to incorporate stringent director loan compliance's the new act has brought up a separate section i.e. S.185 of Companies Act, 2013 dealing with director loans. Loans to director under Companies Act, 2013 No company in general can directly [...]
How Startup Valuation works?
How Startup Valuation works? Meaning of startup valuation How do you determine value for an enterprise started a week or a month ago? , Will there be any company value at such stage?, Any enterprise at start has to incur lot of investments for its business and returns for it may not be stable or it may not have any return, So can we say present value of such startups is zero as selling them now will not fetch [...]
Tax Benefits For Startups
Tax Benefits For Startups In India Having your own business have been a dream which people have always been passionate about. Glancing at the history, if we look into the flashback of successful businesses, it is imperative to find that soul of every successful magnet is a young startup backed up with strong entrepreneurial dreams. As Startups require huge bunch of money to be invested for fueling its early business, they are seen facing difficulties at its very beginning [...]
ROC Compliance for Loans in Private Limited Companies: Complete 2025 Guide
ROC Compliance For Loans In Private Limited Companies Understanding ROC Compliance in Private Limited Companies Private limited companies, being artificial legal entities with perpetual succession, operate through a Board of Directors entrusted with the authority to manage the company's affairs.The Ministry of Corporate Affairs (MCA) governs all companies in India under the Companies Act, 2013, ensuring transparency, regulatory compliance, and corporate accountability. While the board exercises decision-making power through resolutions — passed in meetings or through circulation — the [...]
Why SWOT Is A Must For Startups
Why SWOT Analysis is a Must for Startups SWOT stands for Strengths, Weaknesses, Opportunities, and Threats. A Startup has minimal experience in its field and so this analysis is essential for overall assessment. Let’s have a look at its detail, reason to use for start-ups, its benefits, etc: What is SWOT? SWOT analysis (alternatively known as SWOT matrix) is defined as a strategic planning technique utilized to assist an individual or organization to discover different aspects like strengths, [...]
