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PDF Editor FAQ

How can I get the financial statements of Private company of India?

To start with you may visit the company's website first and check if there's a copy of their latest financial statement therein.If that doesn't work, you may fetch the statements by making an account with the MCA at www.mca.gov.in and as explained by the others here, go to ‘View Public Documents' in the Services Tab, fill in the name of the company (my personal suggestion would be to first go the master data tab, fetch the CIN and then paste that in the View Public Documents tab, that makes it easier.After that select the year for which the documents are required; then enter the type of documents required - ‘Balance Sheet and other Attachments'. If the company has filed those statements with MCA for that particular year, it'll show. Add the company to the cart and make a payment of INR 100.Once your payment is successful, you'll get a challan, i.e. an acknowledgement of payment of INR 100. This challan has a validity of seven days and once you start viewing the documents, you can view/download them for three hours.After making the payment, go to 'My Workspace’, at the end of the page, you would find a link of the company for which you had requested the documents, click on 'View/Download’ tab and it'll open you a dialog box of all the documents that the company has filed with MCA till date of every nature.If you want to view the balance sheet after 2013, you can find that in Form AOC -4 filed with MCA. In case you're looking for an old balance sheet before 2013, you can find that as an attachment to Form 23AC/ACA.Apart from MCA, there are other sites like Capitaline, Prowess, etc which offer you access to financial statements but on a paid basis only. You may refer to these websites.Please make a judicious use of the documents.Best wishes. :)

What are the requirements and processes a startup must comply with and implement to become a Payment Gateway / ISO / PSP? Additionally what are the risks the startup takes while performing this role in the payment ecosystem?

In terms of resources, this page give you a nice, basic overview of how to become an ISO:http://www.merchantuniversity.org/getting-started/what-is-an-iso-msp.aspxGiven this what follows (a snippet from the link above):The registration process to become an ISO/MSP is rigorous and required the potential ISO/MSP to prove they are financially capable of performing the required duties. The documents applicants must submit with their application include:• Two years business financial statements or personal tax returns (last 2 tax years) for all principals• Personal financial statement for each principal• Executed Articles of Incorporation / Partnership documents• Detailed business plan• Copy of sales materials / solicitations• Complete list of current ISO employees / agentsAdditionally, all principals have their credit history checked and evaluated to ensure that they are responsible with credit.I would argue that it is actually quite difficult to become an ISO. Put another way, I don't think just anyone could become one, especially since you need to provide a lot of history in order for them to be willing to accept the risk of you starting up from scratch.

How do large companies account for bribes paid to third parties in their financial statements?

I've never personally witnessed it, but if it were happening, it would be (most likely be) charged to an expense line item, likely professional fees. A dummy invoice would be generated as supporting documentation as not to call unwanted attention to itself. Purported services rendered would be a description on the invoice signed off (approved) by the briber (someone with invoice/expense approval authority).In a publicly-traded company, these professional fees would be buried in SG&A (Selling, general and administrative expenses) and go completely unnoticed.

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