Commencement Business by Limited Company A company incorporated on or after 02.11.2018 and having a share capital shall commence any business or exercise any borrowing powers only after complying the following requirements: Filing a declaration with the Registrar of Companies that every subscriber to the memorandum has paid the value of the shares agreed to…
To any Nonresident investor looking into an opportunity to invest in India, one of the main concerns is the time and process required to set up a private company or other legal entity in India and how simple/difficult it is to get various registrations/approvals under the different law if any, and the applicable law of…
Limited Liability Partnerships have been a popular business vehicle in countries such as India, United Kingdom, United States of America, Australia, Singapore etc. as it combines features of a company and negative cons of a partnership firm. In India, the Limited Liability Partnership Act, 2008 was notified in March 2009. The LLP Act 2008 empower foreign…
Earlier, foreign direct investment in Indian company was reported with Reserve Bank of India in two stages. First, at the time of inward remittance by way of filing form ARF and at the time of allotment of shares (capital instruments) by way of form FC-GPR. This can be done through online eBiz portal. There were…
In the world of innovation, India has an very old reputation: it remains a very low when it comes to patents. If over 600,000 patent applications were filed in the United State and twice that number in China in 2017, in India, there were only 46,000 patent and patent grants came to just around 12,000 in…
Earlier, under the old Companies Act 1956 regime, many companies registered under the old Companies Act accepted share application money under private placement and utilized the same for the operating business purpose even without allotment of shares to the applicant. Schedule VI of the Old Companies Act 1956 provided the method to treat the same…
Strike Off Under Companies Act, 2013 With notification of Section 248-252 of Companies Act, 2013 by the MCA vide Notification No. 16/2016 on 26th December, 2016, the process of striking off the name of the Company from the Register of Companies through the Fast Track Exit also called FTE, stands amended. The “Fast Track Exit (FTE)” mode and now…
Congratulations! Now that you got the company incorporated, what care do you need to take to be on the right side of the charter. be understandable, a lot of economic sense to stay complaisant. It helps in efficient and non- interrupted functioning of the organization. There are some critical time bound compliances, especially when foreign direct…
The online processing of refund applications and single authority disbursement has been implemented on GST Portal w.e.f. 26th September, 2019. The taxpayers are advised to take note of the following changes: 1. Filing Refund application in Form GST RFD 01: Refund applications will be filed by the taxpayers in Form GST RFD-01 and the same will be processed electronically/…
We have already got a remarkable response. More than four hundred plus organization have applied to join the class. We have five limiting factor for screening. 1st is the founders’ selection—do they perceive the space, do they have expertise in that zone. Typically, we fund a array, not a solo founder. 2nd , does the business model have…