Blogs

Aligning Remittance of Money From India: A Step-by-Step Process

Category : Miscellaneous
" Understanding International Money Transfers from India International money transfers from India, also known as outward remittance, follow a regulated process overseen by the Reserve Bank of India (RBI). This process allows Indian citizens to transfer funds to foreign countries for various purpose... "

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26 Feb, 2024

Taxation Rules for non-residents in India including Foreign Citizens

Category : Miscellaneous
" Incidents of taxation on Income earned by non residents in India depends upon his physical presence in India during last financial year. Whether an income earned by an individual in India or outside India, is taxable in India depending upon his stay in India rather than on his citizenship. Invariabl... "

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20 May, 2023

Social Stock Exchange

Category : Miscellaneous
" Social Stock Exchange (SSE) is a separate segment of the existing Stock Exchange,  that can help Social Enterprises to raise funds from public through the stock exchange mechanism. SSE will act as a medium between Social Enterprises and fund providers and that can help them to select those entities... "

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18 May, 2023

Various Legal And Regulatory Requirements For Procedure For Conversion Of OPC Into Private Company

Category : Miscellaneous
" One of the most common ways to convert a Person Company (OPC) into a Private Limited Company (PLC) in India is through the process of conversion. The process of conversion involves several steps and requires compliance with various legal and regulatory requirements.   Below, we will explore the... "

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13 Apr, 2023

Understanding One Person Company in India

Category : Miscellaneous
" According to the Companies Act before its 2013 update, one person couldn't set up a company. However, the revised act introduced the idea of a One Person Company, which allows a single natural person to form a company.   A company can now be founded with just one director and one member, ... "

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13 Apr, 2023

Difference Between Private Limited Company and Limited Liability Partnership

Category : Miscellaneous
" When it comes to setting up a business, two popular options for entrepreneurs are Private Limited Company versus Limited Liability Partnership. Both offer advantages and disadvantages and understanding these can help entrepreneurs choose the best structure for their business.   What is a Priv... "

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30 Mar, 2023

The Purpose And Significance Of Maintenance of Minutes under the Companies Act, 2013

Category : Miscellaneous
" Minutes of meetings play a significant role in the functioning of a company. They are a record of the proceedings of a meeting, which includes the decisions taken, discussions held, and the rationale behind them.   The Companies Act, 2013, mandates the maintenance of minutes of all meetings h... "

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30 Mar, 2023

Everything You Need To Know About Directorship In Indian Companies By “Persons Resident Outside India”

Category : Miscellaneous
" The Indian government has recently relaxed its rules for foreign investors. It allows them to go to India and make investments across a range of industries. Currently, the government permits foreign direct investment to be made in all sectors. It is except a few numbers such as railway, defense, agr... "

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14 Feb, 2023

TAX ALERT - NRIs AND RNOR – FINANCE BILL 2023

Category : Miscellaneous
" Key Changes as proposed in the Finance Bill by the Finance Minister of India on 01.02.2023 in Parliament are as under:-   Once the bill is approved by both house of Parliament and signed by the President of India the proposed changes/amendments will become part and partial of the statute and ... "

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11 Feb, 2023

Statement & Certificate of Section 80-G Donation - Form 10BD & Form 10BE

Category : Miscellaneous
" The CBDT (Ministry of Finance, Govt. of India)  has taken steps to prevent  bogus claim made by the assessee u/s 80G of the Act and ongoing fraud by the charitable entities registered u/s 12AB of the Act.   At present, there is no system either to check the authenticity of money receipt as issu... "

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27 Apr, 2022