02/08/2026
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At Shriganesh & Subrahmanya Chartered Accountants, we believe every business deserves more than compliance—it deserves the right financial guidance.
From startups to established enterprises, we provide professional solutions with integrity, accuracy, and commitment.
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21/06/2026
ITR for the Financial Year 2025-26 Open 📝
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26/03/2026
🚨 Startup Reality Check:
Corporate Governance is NOT optional
A founder recently approached me with a situation:
👉 “We have raised seed funding, but honestly… we’ve never conducted a proper Board Meeting.”
- No agenda.
- No minutes.
- No documented decisions.
Everything was happening over WhatsApp and informal calls. Sounds familiar?
📌 Let’s understand the risk:
When you skip structured Board Meetings:
• Investor confidence reduces
• Key decisions lack legal backing
• Future due diligence becomes a nightmare
• You risk non-compliance under Companies Act, 2013
📊 What should a startup ideally do?
Even at an early stage, governance must be simple but structured:
✔️ Send a proper Notice of Board Meeting
✔️ Prepare a clear Agenda (fund utilization, hiring, compliance, etc.)
✔️ Conduct the meeting formally (even via VC)
✔️ Record Minutes within prescribed timelines
✔️ Maintain statutory registers and documentation
💡 Real Scenario Insight:
In one case, during a funding round, investors asked:
“Can you show us Board approvals for past financial decisions?” The startup had none documented. Result?
❌ Funding delayed
❌ Valuation renegotiated
❌ Trust deficit created
🎯 Key Takeaway:
Corporate Governance is not about size.
It’s about discipline. Start early. Stay compliant. Build credibility.
If you’re a startup founder, ask yourself:
👉 “If an investor asks for my Board records today, am I ready?”
