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Startup Street: Submitting financial statements twice a year will be nightmarish, says Siddarth Pai

Updated : January 06, 2020 08:24 PM IST

The government is reportedly mulling asking unlisted companies to submit their financial statements every quarter or twice a year. The corporate affairs ministry is looking to introduce provisions in the Company Law with the aim to have updated financial details about 'systemically-important companies' that are not listed, as per reports.

Listed companies are required to disclose their financials every three months under SEBI regulations and currently, an unlisted company can submit its financial statement and annual returns to the ministry at least six months after completion of a fiscal year. To discuss the proposed changes Startup Street spoke to Siddarth Pai, managing partner of 3One4 Capital and Vivek Durai, co-founder of business intelligence platform paper.vc

Also on the show is an interaction with Contsync management. The app promises to make saving contacts easier. To know how, Startup Street spoke to Kaushal Dalal, founder, and chief evangelist at Contsync.

Leverage Edu, an AI-enabled market place that provides virtual career guidance to students and working professionals has raised over USD 1.5 million in 2019. The investors included DSG Consumer Partners and Blume Ventures. As of Monday, the startup claims to host over a million students on its platform leverageedu.com every month. It also has an AI tool that helps students predict what options are best suited according to their profile. To know more about the platform and the latest fundraise, Startup Street spoke to Akshay Chaturvedi, the founder & CEO of Leverage Edu.
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