FDI reporting compliances involve coordination with the authorised dealer bank and the remitter bank; and it also involves compliances under other Regulations, like Companies Act. Many Companies could not, therefore, make timely reporting under FEMA. These are only procedural....
Annual General meeting bridges the gap between the investors and the management. It’s the right of the investors to be provided and the duty of the management to provide transparency and good governance to all the stakeholders of the Company. To facilitate the above....
An option is a right to purchase stock of a company sometime in the future for a stated price. It is a cashless perquisite which focuses on retaining key employees. Who ESOP can be offered to: Directors, employees, officers. It can’t be offered to Promoters or....
To curb the menace of black money and round tripping of funds, the Ministry has introduced many measures to send a strong message to the existing companies. One of the initial steps by the MCA was to strike off Companies which have not been filing their financial statements....
Single Master Form (SMF): The present system of reporting foreign investments involves the filing of various forms at ebiz (eBiz Portal) or various other platforms. New directions have been issued by RBI vide Circular No. 30 on 7th June 2018 (New RBI Circular) which lays down....
Permanent Account Number (PAN) is a ten-digit alphanumeric code issued by the Income Tax Department of India mainly to a tax payer. It is unique to an individual or entity and is valid across India. It is mandatory for entering into financial transactions like buying and selling....
Annual General Meetings: In United Kingdom, private companies are not obliged to hold Annual General Meetings. Besides, the Companies Act 2006 (UK Act) does not specify what business must be transacted at an AGM. In Singapore, an AGM is a mandatory annual meeting of....
Limited Liability Partnerships or LLPs have been a preferred business vehicle in countries such as United Kingdom, United States of America, Australia, Singapore etc. as it combines pros of a company and negates cons of a partnership firm. In India, the Limited Liability....
To any foreign investor looking into an opportunity to invest in India, one of the primary concerns is the time required to set up a legal entity in India and how simple / difficult it is to get various registrations / approvals, if any, and the compliance regime of the country.....
In continuation to the blog series on reporting requirements under Foreign Exchange and Management Act, 1999, Part 2 of the series covers prescribed reportings for not-so-common transactions, like, issue of sweat equity shares, Employee Stock Options, ADRs, GDRs, conversion of....
