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Guidelines on FDI in Information Technology Sector in India

India is the world's largest sourcing destination for the Information Technology (IT) industry, accounting for approximately 67 per cent of the USD 124-130 billion market. The industry employs about 10 million workforce. This large pool of qualified skilled workforce has enabled Indian IT companies to help clients to save USD…
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Complete Guide on Foreign Direct Investment in an LLP (Limited Liability Partnership)

In a big benefit move, the Reserve Bank of India (RBI) has allowed foreign direct investment in limited liability partnerships. The LLP Act 2008 allowed foreign nationals and foreign LLPs (Limited Liability Partnerships) to become a partner in LLP but as per the Foreign Exchange Management Act and regulations and rules, foreign investment in…
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How to Apply for an NGO Darpan Registration in India?

This article iterates the NGO Darpan Registration Process. In India poverty percentage is about 6.5%. The computation of this figure is based on 2019, PPP International Comparison Program. According to the United Nations Millennium Development Goal Programme, 88 million people out of 1.38 Billion people Indian, roughly equal to 6.5%…
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Detailed Guide on Filing of Form FC-TRS in India

FCTRS Filing under FEMA or the Foreign Exchange Management Act was passed in the parliament of India in the year 1999. Under this act, all financial activities are monitored related to foreign trade and payments. This was the catalyst for the incorporation of Prevention of Money Laundering Act as well.…
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Foreign Investment Reporting under RBI Single Master Form (SMF)

Foreign investment in India is required for the development of the economy and improvement of the gross domestic product. However, when receiving foreign investment, there is a requirement of compliance under the respective foreign exchange laws. One such law that is enacted by the Parliament is the Foreign Exchange Management Act,…
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How to Select Business Structure for Starting a New Business?

One has to follow a long to-do list to set up a new business entity. As you gain control over the business part, we would like to shed some light on one crucial aspect i.e. selecting the right business structure.   Selecting the right structure from various forms can be an…
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A Complete Guide on OPC Compliance Requirements and Checklist

One Person Company, shortly known as OPC, is a kind of company established under the Companies Act, 2013 for the purpose of enabling a solo Entrepreneur to begin and manage the limited liability entity. The main purpose of the OPC establishment is to support lone individual Enterprises. Typically, OPCs have…
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All you need to know about FCGPR Filing under FEMA

When a company receives foreign direct investment (FDI) through capital Investment, the Company allots shares to the foreign investor for this, and there is a mandatory requirement for the reporting with RBI (Reserve Bank of India), which is to be done in form FC-GPR. It is a type of form…
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Detailed Analysis of Companies (CSR Policy) Amendment Rules 2021 notified by MCA

The Ministry of Corporate Affairs recently announced the new Corporate Social Responsibility Rules, which will be called Companies (Corporate Social Responsibility Policy) Amendment Rules, 2021. the Ministry of Corporate Affairs (MCA), by way of powers conferred under section 135 and 469 (1) and (2) of the Companies Act 2013, has…
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Understanding the Section-194O – TDS on payments made to E-commerce participants

The Finance Act, 2020 has established a new Section 194-O that elaborates on levying 1% Tax Deducted at Source on Payments made to E-Commerce operators that has been  applicable  from 1st October 2020. In this blog, we will talk about TDS Applicable on payments made to E-commerce operators. Applicability of Section 194-O Section 194-O…
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