Oops: A minor ABN error cost a company $23 million 😬 A small clerical mistake led to a massive loss in the case of OneSteel Manufacturing – where using an ABN instead of an ACN on a registration resulted in a leasing company losing $23 million in assets. Under the Personal Property Securities Act, the requirements for correctly registering security interests are strict and even minor errors can be financially devastating. This case is a powerful reminder: when registering a security interest, double-check every detail. A simple slip-up could leave your business unprotected when it matters most. Ouch! 🔗 Read more about the case here: https://lnkd.in/gutsi39v #PPSA #BusinessTips #CheckTheDetails
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Compliance Alert: Secured Bonds & Debentures 🔹 Activity: Before issuing bonds or debentures, ensure they are secured (not considered deposits) by properly valuing the assets provided as security. 🔹 Reference: Section 73 read with Rule 2(ix) of the Companies (Acceptance of Deposits) Rules, 2014. 🔹 Trigger Point: This evaluation must be completed before issuing such bonds or debentures to ensure regulatory compliance. At Procurve, we guide you through corporate compliance and financial structuring to help you stay ahead in governance. 📞 +91 96876 72506 📧 valux@procurve.in 🌐 www.procurve.in #Procurve #CorporateCompliance #CompaniesAct2013 #BondsAndDebentures #RegulatoryGuidance #BusinessExcellence #TrustAndPrecision #FinancialCompliance
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Outdated payment processes trap your accounts payable in red tape, requiring you to prefund payments 5-10 days before they are due, reducing your control over your cash, and creating more opportunities for fraud. PaperTrl uses modern payment processes that bypass the red tape, allowing you to keep your cash until your bills are due. #integratedpayables #keepyourcash #embeddedbanking
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KEY DOCUMENTS FOR A CONVERTIBLE LOAN Typically, you will need: - A loan agreement outlining the terms and conditions of the loan, including the interest rate, repayment period, and conversion terms. - A security agreement providing the lender with a security interest in the company’s assets, if the convertible loan is secured. - Board minutes approving everything and issuing the new shares. - A shareholders’ resolution authorising the issuance of new shares. For more details, reach out to simon.halberstam@smb.london #Debt #SMB #WebLaw #TechLaw
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CHARTERED ACCOUNTANT,Certified Forensic Auditor from ICAI,Blackbelt Lean Six Sigma #VarSigma, Pursuing ISA, ICAI
Process in Business is very important. Process decides whether your Cash/Wealth is moving to increase in Cash/Wealth or decreasing in Cash/Wealth. Leakage and loopholes in process resulting Cash Drainage. Thus its important to have simple, easy Standard of Practice of process. Lets understand the importance of Goods/Material Receipt Note Process to prevent fraud. Don't ignore. #GRN#BUSINESS#PROCESS#CASH#WEALTH#
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5 Essential Compliance Tips For New Companies 1. Opening a bank account 2. Deposit of shares capital in company bank account 3. Commencement of business (FORM INC-20A) 4. Share certificates and stamping 5. Key filings: BEN-2 & MGT-6 Contact Eraqus Advisors at 📧 connect@eraqus.com, or call 📞 +919958839399 to get started! #eraqusadvisors #eraqus #NewCompany #Compliance #tips #Business #compliancetips #BusinessTips #LegalCompliance
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Summary of the Latest Bond Issuance by AXIS FINANCE LIMITED . . . #investmentreturns #investmentnews #financialwealth #investinginthefuture #investinginmyfuture #investmentgoals
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🕊 Today we are comparing TSFC and copytrading: Yes, copy trading is available for small deposits and is automated. But that's where the advantages end. The interests of clients are not in the first place here, which can negatively affect the results of your investments. Imagine that out of 10 trades 9 may be unsuccessful and your deposit will decrease. But if one trade turns out to be successful, the system will remove the commission even though your total result is still in the negative. This leads to a situation where you pay for success, which in fact does not cover your losses. This unfairness in copytrading can significantly affect your final balance, leaving you at a loss even if you manage to lock in a small profit.
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Rule number 1 (and perhaps the only one) for #Traders: Don't sell in a panic news. Single rule for #Holders: Never observe rule number 1. Repeat after me. 💎"Simple like that"💎 #digitalassets #marketcorrection #DYOR
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Congratulations to Angie Marks, our Director of ISO Relations. She secured $387K in funding for a Chicago-based law firm through Nexi's Reverse Consolidation program, helping the firm consolidate multiple MCA payments, boost cash flow, reduce monthly debt obligations, and reinvest the savings back into their business. At Nexi, we’re proud to support SMBs in preparing for long-term success, both during the holidays and beyond. If your merchant clients are struggling with multiple MCA payments, reverse consolidation could help them regain control and improve cash flow. 🔑 Learn how reverse consolidation can work for your merchants! 📞 Call Us: 800-499-NEXI (6394) 📅 Book a Call with an ISO Rep: (https://hubs.li/Q02Dczv00) 💼 Register as a New ISO/Broker: (https://hubs.li/Q02DczSk0) Disclaimer: Financing is subject to approval and eligibility criteria. Terms and conditions apply. #AlternativeFinancing #NexiFinance #ReverseConsolidation #MCAConsolidation #SmallBusinessFunding
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