Financial statements of a company are necessarily required to be filed with Ministry of Corporate Affairs (MCA) annually. The form for filing such financial statements with MCA is AOC – 4. All the companies fall under this category and are compulsorily required to file form AOC – 4.However, few Companies are covered under Extensible Business Reporting Language (XBRL) and are required to upload the financial statements on MCA portal in XBRL format as per the Companies (Filing of documents & Forms in Extensible Business Reporting Language) Rules, 2015. In this case the requirement of signing under hand is not a requisite.

Read more: Filing of financial statements in India

Trading names will cease to be displayed on the Australian Business Register from 1 November 2018. ASIC registration will be required to keep these displayed thereafter.

Trading names

Trading names or business names in Australia can be one of two types: those registered under State or Territory laws (typically trading names or, in the case of many trusts, the name of the trustee company), or those registered as an Australian Business Name with the Australian Securities and Investment Commission (ASIC) and linked to an Australian Business Number (ABN).

Read more: Trading Names in Australia - New Requirements

Nobody can claim to be an expert on Brexit, after all, nobody knows exactly what will happen and when it will happen. In the business world this leaves companies with two options: to wait and see what happens and react accordingly, or to anticipate that there will be change, determine what the potential impact could be, understand what can we do now and in the following months to safeguard our businesses and ideally position ourselves to thrive.

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Three quarters of the purchase price in M&A deals is represented by goodwill and intangible assets according to the 2017 Purchase Price Allocation Study from PPAnalyser.  The report highlights the importance of identifying and measuring the value of intangible assets to support the rationale of an acquisition.

Unsurprisingly, transactions in the services sector have the highest proportion of intangible assets and goodwill at 84% of the deal value.  However, somewhat unexpectedly manufacturing has the highest proportion of intangible assets at 41% which, together with goodwill of 35%, means that 76% of the purchase prices in this sector are represented by non-tangible assets.  The mining, wholesale trade, and retail sectors have the lowest proportions of intangible assets.

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This compilation attempts to provide entrepreneurs considering a potential M&A sale transaction in India for their privately-held companies with a birds-eye overview of the M&A sale transaction process in India and insights into some of the noteworthy deal points typically negotiated by the parties. While not a comprehensive review of all the aspects and issues involved in doing a M&A sale transaction, it attempts to provide entrepreneurs with a reasonable idea of what to expect from the process and such deal points. An attempt has been made to capture the Indian context in transactions and the regulatory nuances associated with the M&A sale transaction in India. 

Read more: An Entrepreneur's Guide to the M&A Sale Transaction Process in India