Social and Legal Aspects of NRI Marriages in India
In today’s time, people are fascinated by the idea of settling outside India. Everyone dreams of having a job or business in other developed countries at least once in a lifetime. Those who get successful in the process of settling outside are called Non-Resident Indians. After settling outside, many Indians
ASIA PACIFIC EMPLOYMENT LAWS
WHAT IS THE ASIA PACIFIC REGION? The Asia-Pacific is the part near the Western Pacific Ocean and generally includes East Asia, South Asia, Southeast Asia, and Oceania. The Asia-Pacific region has kept on bringing high economic development rates surpassing those in different regions and has therefore come to be known as the
Apex Court of India Resolved the Historical issue by Deciding the Power of Reassessment
The Hon’ble Supreme Court of India has recently held that reassessment of customs duty is administrative review power. Such power must be exercised by the same officer (i.e. the Proper Officer) or his successor who carried out the original assessment of goods and said reassessment cannot be done by another
What is Corporate Social Responsibility
CSR stands for CORPORATE SOCIAL RESPONSIBILITY, Under Section 135 of the Companies Act 2013, the Ministry of Corporate Affairs (MCA) has released a Circular with regard to CSR. Under the Circular MCA suggests some measures for better monitoring of the implementation of CSR policies. WHAT IS CORPORATE SOCIAL RESPONSIBILITY (CSR)? Corporate Social
Overseas Investment by Proprietorship Concerns/Registered Trust or Society
.1. How can overseas investment by proprietorship concerns be done? The proprietorship concerns and unregistered partnership firms have been allowed to set up a Joint Venture outside India with the prior approval of RBI subject to satisfying certain eligibility criteria. Investments by established proprietorship or unregistered partnership exporter firms are subject to
Merchanting Trade Transactions under FEMA
When an Indian transactions goods from one foreign country to another foreign country it is known as Merchanting transactions. What are the conditions that are required to be fulfilled for Merchanting trade transactions? The supplier of goods will be resident in one foreign country; The buyer of goods will
Investment by an Indian Resident outside India
An Indian person can make an investment in outside India, either under the Automatic Route or the Approval Route. What are the General Permissions available to persons (Individual) Resident in India for Purchase / Acquisition of Securities? General permission has been granted to persons (individual) resident in India for purchase/acquisition of securities
Difference between Direct Tax and Indirect Tax
A direct tax is one that the taxpayer pays directly to the government. These taxes cannot be shifted to any other person or group. An indirect tax is one that can be passed on-or shifted-to another person or group by the person or business that owes it. Taxes can be either
Branch Offices in India by Foreign Entities
Foreign Entities has an option for establishing a Branch Office, Liaison Office, Project Office or any other place of business in India, under FEMA Act, 1999. Permitted Activity of Branch Office in India: Companies incorporated outside India and engaged in manufacturing or trading activities are allowed to set up Branch Offices in India and undertake
General Guidelines for Exports Services under FEMA
The full value of export of goods shall be received through an AD bank in the manner specified under foreign exchange Management (manner of receipt and payment) Regulations, 2000, and payment can be made in the form of a bank draft, pay order, banker’s or personal cheques, foreign currency notes/foreign