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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,…

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…

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…

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…

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…

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…

Finance Minister Nirmala Sitharaman, in Budget 2021, announced multiple changes to the goods and services tax framework aimed at helping small and medium businesses to tide over pandemic-induced disruptions. This includes relaxation in the mandatory audit requirement for registered businesses, determination of interest payable against outstanding tax liability and specifying…

Budget Highlights - Income Tax Financial Highlights 2021 The Union Budget 2021-22 was presented by the Hon’ble Finance Minister Nirmala Sitharaman on 1st February 2021 in the Parliament. The Budget speech was given by the FM from 11 a.m. to 1 p.m. It is the first budget of this decade,…

The Government of India initiated the Startup India Scheme under the leadership of PM Narendra Modi. The Startup India Registration Process was introduced to nurture and encourage the growth of startups in India. This scheme offers numerous benefits to the startups that register under it. The scheme has a broad…

With the advancement of smart phones and internet users around the world, e-commerce business is booming and sky rocketing at an unimaginable pace. Your E-commerce store is just a click away from everyone across the globe. However, entering into this business requires a lot of formalities to be fulfilled including…