Prevention of Money Laundering Act, 2002
The term “Money Laundering” is observed that whosoever, directly or indirectly attempts to, indulges or knowingly assists or knowingly is a party or is actually involved in any process/ activity connected with the proceeds of crime including its’ concealment, possession, acquisition or use, and projecting or claiming it as untainted property shall be guilty of […]
COMPANY FORMATION IN INDIA
The Companies Act of 2013 regulates the incorporation of companies in India as well as the establishment of foreign corporate branch offices in India. In India, the Companies Act of 2013 establishes rules and regulations for the formation of both public and private companies. The approval of the name by the Registrar of Companies (hence […]
CROSS BORDER TRADE TRANSACTIONS
Understand what is Cross Border Trade Transactions, its Types and Advantages and its Legal Context by Legallands LLP The Law Firm in New Delhi WHAT ARE CROSS BORDER TRADE TRANSACTIONS? Cross-border trade transactions refer to the exchange of goods, services, and capital across international borders. These transactions take place between two or more countries and […]
International Trade Disputes
The trade & commerce are the two main aspects of the economy and finance completes the cycle. As the trade barriers no longer exist amongst the countries there is a persistent threat of disputes for various reasons which could be quality, quantity, delivery, packing, shelf life, modes and terms of payments, timelines, and regulations prevailing […]
FORMS PRESCRIBED BY RESERVE BANK UNDER FEMA REGULATIONS, 2000
FEMA Regulations 2000 Download the Forms Form A1 Application for Remittance in Foreign Currency Download Form Form A1 Application for Transfer of Indian Rupees to the Account of a Non-resident Bank Download Form Form A1 Application for Payment through Asian Clearing Union Download Form Form A2 Application for Remittance Abroad Download Form Form A3 To […]
External Commercial Borrowings (ECB) in case of Foreign Loan
The framework of External Commercial Borrowings (ECB) Definition: External Commercial Borrowings (ECB) refer to commercial loans [in the form of bank loans, buyers’ credit, suppliers’ credit, securitized instruments (e.g. floating rate notes and fixed-rate bonds)] availed from non-resident lenders with a minimum average maturity of 3 years. ECBs are commercial loans raised by eligible resident […]
Digital Signatures Apply Online | Instant DSC Approval
Digital Signature Certificates (DSC) are the digital equivalent (i.e. electronic format) of physical or paper certificates. Certificates serve as proof of identity of an individual for a certain purpose, such as to access information or services on the Internet or to sign documents digitally. Digital Signatures are legally admissible in a Court of Law, as provided […]
Foreign Contribution Amendment Act, 2020
Foreign Contribution amendment act bill is introduced by Government of India on 29th September 2020. Although, the bill met with a stern opposition from the opposition the bill was passed in both the houses of Parliament despite the protest. The Government has claimed that the objective of the act is to strengthen compliance, enhance transparency and accountability […]
NPO – Section 8 of Companies Act, 2013
A Non Profit making Company is a Company which: Has in its objects, the promotion of commerce, art, science, sports, education, research, social welfare, religion, charity, and protection of environment or any other such objects. Intends to apply its profits or any other income in promoting its objects. Intends to prohibit the payment of any […]
TRANSFER PRICING IN INDIA
LEGALLANDS LLP global transfer pricing practice, in partnership with International Tax Review, is pleased to present the 2019 edition of the Transfer Pricing Controversy Guide, a discussion and overview of the leading issues, challenges and opportunities around transfer pricing (TP) controversy. WHAT IS TRANSFER PRICING? Transfer pricing, for tax purposes, is the pricing of intercompany […]