NGO Compliances
In this article we shall discuss about all the compliances that the below mentioned 3 types of charitable organisations, also known as NGOs need to follow. COMPLIANCES OF A TRUST Compulsory Audit of Accounts When the total income of a Private Trust exceeds the limit given under the Income Tax Act, 1961 for non-taxable income, […]
SUBSIDIARY COMPANY OF FOREIGN COMPANY IN INDIA
Incorporation of Wholly Owned subsidiary Company or Subsidiary Company of Foreign Company in India 1. Foreign Subsidiary A subsidiary company of foreign Company in relation to foreign holding means a company in which a foreign holding Company a. Control the full composition of the Board of directors or; b. Hold more than 50% of the […]
FOREIGN DIRECT INVESTMENT IN INDIA
FDI is one of the important tools of economic growth for a developing nation like India. So to boost the flow of foreign investment the process of liberalization is undertaken. However, liberalization of an economy always comes with regulations. Routes for FDI Basically, there are two routes for FDI in India. There is the Automatic Route, where no […]
Import Export Code
Introduction In this age of cut-throat competition, everyone wants to grow their business beyond the limits of the domestic market. However, doing business globally isn’t just a cup of tea for everyone. Before going global, you need to follow several procedures and laws in place and get different registration and license. IEC (Import Export Code) […]
Establishment of Branch/Liaison Office in India by Foreign entities
Every business, as it grows, wants to expand its business globally, for this, it need to establish a subsidiary or branch or liaison office in other country/countries. It is also required to obtain prior permissions from the respective authorities of other country in which it is willing to operate its business. (Known as Host Country). […]
LLP registration in India by an NRI
Earlier, NRIs and Foreign Nationals looking to start a business in India did it through the automatic route of 100% foreign direct investment (FDI) in a private limited company. Subsequently, the Indian government permitted a 100% FDI in a Limited Liability Partnership (LLP) via the automatic route. This made it easier for NRIs and foreign nationals to […]
INCORPORATION OF WHOLLY OWNED SUBSIDIARY COMPANY OR SUBSIDIARY COMPANY OF FOREIGN COMPANY IN INDIA
Incorporation of Wholly Owned subsidiary Company or Subsidiary Company of Foreign Company in India 1. Foreign Subsidiary A subsidiary company of foreign Company in relation to foreign holding means a company in which a foreign holding Company a. Control the full composition of the Board of directors or; b. Hold more than 50% of the […]
How to Choose the Best Legal Structure for Business
Choosing the best structure for business can be dicey and confusing. Various factors are needed to be kept in mind while choosing because each form of business has different way of registration, different tax compliance, different liability, jurisdiction, authority, management and number of members. It also depends on what type of business you want to […]