For the FDI proposal in the sectors falling under the Government Approval Route, the applications were initially processed by FIPB and then the application went through multiple bodies/ministries for approval. This was a time-consuming process since multiple administrative....
Once a company is incorporated, the immediate next steps are post-incorporation compliances which include conducting of first Board Meeting, appointment of first auditors, printing, issue and stamping of share certificates etc. While all these compliances are critical for a....
The Ministry of Corporate Affairs (MCA), during the last couple of years or so, has been on a spree of cleaning up the corporate field. In doing so, many private limited companies, which had not filed their financial statements and annual returns regularly with Registrar of....
All of us are aware that many counties have entered into double taxation avoidance agreement (“tax treaties” or “DTAA”) with other countries to mitigate the problem of double taxation which reduces the tax liability of residents of one treaty country in other treaty....
“No one can give what they don’t have”. In most of the cases, beneficial interest is created through a contract between the registered owner and the beneficial owner, which also governs the rights of nominee/registered holder relating to transfer of shares, right to....
Beneficial Ownership in shares is a well-accepted concept domestically as well as internationally, which means to have a beneficial interest in property, goods or securities/shares without being registered as an owner in the records. The law permits a shareholder to transfer the....
Section 135 of the 2013 Act prescribes a mandatory spending of two percent of average net profits of the company on CSR activities made during the three immediately preceding financial years for all companies that meet the specified financial thresholds. The company is required....
India has secured the 63rd rank on the World Bank’s Doing Business, 2020 survey, out of 190 countries. Doing Business, 2020 has also acknowledged the 10 economies that improved the most on the ease of doing business (EODB) after implementing regulatory reforms where India is....
The mother provision for Video Conference (VC) are contained in Section 173 (2) of the Companies Act, 2013 which allows directors to participate in person or through a VC or other Audio-Visual means. The word ‘in person’ in Sec. 173 (2) should be read as ‘physically’,....
An idea doesn't become a business without effort! Budding entrepreneurs understand the effort necessary to create a business, however, they might not be familiar with the micro details of launching and running a business venture in India. You can visit our blog on Incorporating....
