 "High compensation for company secretaries shows BSE 500 companies' focus of improving compliance: study")
Fintech SaaS company Clear (formerly ClearTax) announced the acquisition of CimplyFive, a cloud-hosted application that automates Company Law and SEBI Listing Obligations (LODR) compliance in an all-cash deal. The financial details of the deals were not disclosed.
This is Clear’s second company acquisition in 2022 after it acquired Xpedize, an invoice discounting platform, in March. Clear has made four acquisitions, including YBANQ in 2021 and Karvy's GST business in 2020.
Timely and accurate compliance is a crucial purview of the CFO's office. An essential component of compliance is adhering fully to the Companies Act. Clear saw that CFOs and Board
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