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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%…

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.…

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,…