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14Feb

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Dunzo Raises $3.1Mn in Series C Funding

Highlights Dunzo plans to invest in brand marketing and routine operationsCognizant co-founder also participated in Series C FundingDunzo achieved over 1 million transactions done by October 2018 The Artificial Intelligence-driven Bangalore’s own local delivery app Dunzo gets funding of $3.1Mn (INR 22.49 Cr) in a Series C funding. The company’s idea is to utilize the investment to develop brand marketing, build infrastructure and also for day-to-day operations. Dunzo is an AI driven app, a chat-based interface, which allows its users to create to-do lists and get their work done. Cognizant co-founder N Lakshmi Narayanan also made his presence available in Series C funding. According to its filings with the Registrar of Companies (RoC), the company issued cumulative convertible...

Unlisted Public Companies Shall Dematerialize Shares by 2 Oct 2018

The Ministry of Corporate Affairs on 10th September 2018 had published in the Gazette of India under section 469 of the Companies Act, 2013 that every Unlisted Public Company shall dematerialize the issue of securities/shares. The rule may be called Companies Third Amendment Rules 2018 with subsection Prospectus & Allotment of Securities Rules. Summary: MCA notified all Unlisted Public Companies to Dematerialize Shares The rule shall come into force from 2nd October 2018 Every Shareholder of an Unlisted Public Company who intends to transfer securities on or before 2nd October 2018 shall get the securities dematerialized before the transfer Every Unlisted Public Company shall facilitate dematerialization by making necessary application to a depository as defined in the Deposi...

What You Must Check Before Dealing with Any Company in India?

You can verify the following key information of any company for FREE of cost before you take a business decision to deal with the company either as a vendor or customer or join the company as an employee or form any other business relationship. You can access this information about any company registered in India at no cost from the MCA website and other online platforms. Summary Ministry of Corporate Affairs(MCA) provides FREE access to the company master information of all companies incorporated in IndiaYou can verify the incorporation status of any company and other key insights from MCA website and other online platformsCompany CIN, Status, Registered Office Address, AGM & Balance Sheet, Paid-up Capital and Directors information can be verified for at no costCIN of a company...