-
Acquisition and Transfer of Immovable Property in India
The acquisition and transfer of immovable property in India by Non-resident Indians (NRI) / persons of Indian origin (POI)/overseas citizens of India (OCI) are governed by the Foreign Exchange Management (Acquisition and Transfer of immovable property in India) Regulations, 2018.
-
Acquisition of Agricultural Land in India by NRI/PIO
Acquisition of Agricultural Land in India, Many NRI's Who stay out of India are keen to know whether they can acquire or Transfer Agricultural land in India or Not. And Some times they are also interested to know whether they
-
BANK GUARANTEE EXEMPTION UNDER ADVANCE AUTHORIZATION
Customs Department extending the exemption for execution of Bank Guarantee (BG) based upon the export turnover, quantum of duty, tax paid, etc. vide earlier circular No. 58/2004-Cus dated 21.10.2004 as amended vide circular Nos. 17/2009-Cus dated 25.05.2009, 32/2009-Cus dated 25.11.2009,
-
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
-
BRITISH EXIT FROM EU (BREXIT) 2020
British Exit from EU - The U.K. sealed a historic trade deal with the European Union, avoiding a bitter breakup and preparing the ground for a new relationship with its biggest commercial partner. Britain had formally left the EU in
-
Company Incorporate in India
Company Incorporation means making Company a legal person in the eyes of Law or the process of making own identity of the company. Incorporation simply means giving Birth to a Company or bringing the Company into existence. However, in order to
-
Competition Commission of India & Anti Trust Laws
The Competition Commission of India (CCI) is a statutory body of the Government of India which is responsible for enforcing the Competition Act, 2002; in order to promote a competitive environment in India. It has been established by the Central Government with effect from 14th October 2003. The
-
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
-
Digital Signatures Apply Online | Instant DSC Approval
Sed non mauris vitae erat consequat auctor eu in elit. Class aptent taciti sociosqu ad litora torquent per conubia nostra, per inceptos himenaeos. Mauris in erat justo. Nullam ac urna eu felispibus condimentum sit amet a augue. Sed non
-
E-RESIDENCY IN ESTONIA
E-Residency is a unique form of venture welcomed by Estonia. Estonia is known for being digitally well-established. E-Residency allows Non-Estonian entrepreneurs/business people to have a business in Estonia. It allows the business person to use Estonian public and private sector
-
Ease of Doing Business in India
FIRST TIME IN THE HISTORY, INDIA HAS JUMPED 30 PLACES TO BREAK INTO THE TOP 100 COUNTRIES FOR DOING BUSINESS AND SECURED 100TH RANK. India is closer to global best practices in the regulatory framework for business; all this was achieved
-
External Commercial Borrowings (ECB) in case of Foreign Loan
Sed non mauris vitae erat consequat auctor eu in elit. Class aptent taciti sociosqu ad litora torquent per conubia nostra, per inceptos himenaeos. Mauris in erat justo. Nullam ac urna eu felispibus condimentum sit amet a augue. Sed non
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Foreign Contribution Amendment Act, 2020
Sed non mauris vitae erat consequat auctor eu in elit. Class aptent taciti sociosqu ad litora torquent per conubia nostra, per inceptos himenaeos. Mauris in erat justo. Nullam ac urna eu felispibus condimentum sit amet a augue. Sed non
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FORMS PRESCRIBED BY RESERVE BANK UNDER FEMA REGULATIONS, 2000
Sed non mauris vitae erat consequat auctor eu in elit. Class aptent taciti sociosqu ad litora torquent per conubia nostra, per inceptos himenaeos. Mauris in erat justo. Nullam ac urna eu felispibus condimentum sit amet a augue. Sed non
-
General Guidelines for Imports under FEMA
What is the time limit for the settlement of import payments? Import payments should be settled down within a period of 6 months from the date of shipment. Can an extension be granted for settlement of import payments
-
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
-
How to Incorporate a Company in India?
Step 1:- file SPICe+ directly on the MCA’s portal; Step 2:- Apply for Name Reservation by filing Part A of the form SPICe+ and then file Part B or file Part A and Part B simultaneously, If the applicant is sure
-
How to Registered Limited Liability Partnership (LLP)
LLP Registration is a form of business that provides benefits of both limited liability and flexibility of partnership business into a single form of organization i.e. LLP (Limited Liability Partnership) Firm. It is a separate legal entity just like other companies
-
How to start a Company from Scratch?
Starting a company from scratch doesn’t have to be technical or complicated, but it requires a lot of planning and organization of various tasks. Here is the list of steps to be followed when you desire to start off a
-
Is Online Gaming Legal in India? | Game of Chance
In January post publication of its report entitled “Legal Framework: Gambling and Sports Betting” Law Commission of India inclusive of Cricket, the Commission released a press note stressing that its suggestion was to banning on betting and gambling activities in
-
Key Highlights of Union Budget 2021-22
In this 21st Century, India has presented for the first time its Digital Budget for the Financial year 2021-22was finally tabled by the Modi Government. The Cabinet chaired by Prime Minister Narendra Modi has approved the Budget for the Fiscal
-
What is Limited Liability Partnership (LLP)
Limited Liability Partnership is a modernization form of partnership by giving the facility of a separate legal entity. A Limited Liability Partnership, popularly known as LLP combines the advantages of both the Limited Liability Company and Partnership into a single
-
NEW PROVISIONS IN NEGOTIABLE INSTRUMENTS ACT, 1881
The Lok Sabha has passed Negotiable Instruments (Amendment) Bill on July 23, 2018. The amendment introduces new provisions, Section 143A and 148 in the Negotiable Instruments Act, 1881. The new provisions are made to provide relief to the complainant who
-
One Person Company (OPC)
The Companies Act, 2013 has introduced a new concept of ‘One Person Company’ (herein after referred to as ‘OPC’). Section 3 (1) (c) of Companies Act, 2013 has been notified vide notification dated 26th March 2014, and the same shall
-
Section 10A of Insolvency And Bankruptcy Code, 2016 (IBC )
In pursuance of the aforesaid announcement, on 5th June 2020, an Ordinance titled “Insolvency And Bankruptcy Code (Amendment) Ordinance 2020” came to be promulgated by insertion of section 10A which has practically suspended the applicability of section 7, 9, and
-
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
-
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)
-
New UAE Citizenship Law
UAE’s New Citizenship law Policy has approved it's Golden Visa’ Program allowing up to 10 years of residency. The United Arab Emirates has announced its new citizenship policy through which it plans to offer citizenship to a select group of foreigners.
-
What is Mediation Law?
Mediation is a process where the dispute between two parties is solved by a third party. The mediator, to solve a dispute that has brought up a lawsuit between them. Mediation Law is an alternative dispute resolution process mediation Characteristics
-
Remittance of Assets
Quick Read about Remittance of assets inside/outside India, Sale of Residential Property outside or inside India by NRI/PIO or Purchase of Residential Property outside/inside India by NRI/PIO, and circumstances under which Repatriation of sale of immovable property is allowed What is the
-
Foreign Contribution Amendment Act, 2020
Sed non mauris vitae erat consequat auctor eu in elit. Class aptent taciti sociosqu ad litora torquent per conubia nostra, per inceptos himenaeos. Mauris in erat justo. Nullam ac urna eu felispibus condimentum sit amet a augue. Sed non
-
External Commercial Borrowings (ECB) in case of Foreign Loan
Sed non mauris vitae erat consequat auctor eu in elit. Class aptent taciti sociosqu ad litora torquent per conubia nostra, per inceptos himenaeos. Mauris in erat justo. Nullam ac urna eu felispibus condimentum sit amet a augue. Sed non
-
Digital Signatures Apply Online | Instant DSC Approval
Sed non mauris vitae erat consequat auctor eu in elit. Class aptent taciti sociosqu ad litora torquent per conubia nostra, per inceptos himenaeos. Mauris in erat justo. Nullam ac urna eu felispibus condimentum sit amet a augue. Sed non
-
FORMS PRESCRIBED BY RESERVE BANK UNDER FEMA REGULATIONS, 2000
Sed non mauris vitae erat consequat auctor eu in elit. Class aptent taciti sociosqu ad litora torquent per conubia nostra, per inceptos himenaeos. Mauris in erat justo. Nullam ac urna eu felispibus condimentum sit amet a augue. Sed non
-
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
-
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)
-
BANK GUARANTEE EXEMPTION UNDER ADVANCE AUTHORIZATION
Customs Department extending the exemption for execution of Bank Guarantee (BG) based upon the export turnover, quantum of duty, tax paid, etc. vide earlier circular No. 58/2004-Cus dated 21.10.2004 as amended vide circular Nos. 17/2009-Cus dated 25.05.2009, 32/2009-Cus dated 25.11.2009,
-
Section 10A of Insolvency And Bankruptcy Code, 2016 (IBC )
In pursuance of the aforesaid announcement, on 5th June 2020, an Ordinance titled “Insolvency And Bankruptcy Code (Amendment) Ordinance 2020” came to be promulgated by insertion of section 10A which has practically suspended the applicability of section 7, 9, and
-
Ease of Doing Business in India
FIRST TIME IN THE HISTORY, INDIA HAS JUMPED 30 PLACES TO BREAK INTO THE TOP 100 COUNTRIES FOR DOING BUSINESS AND SECURED 100TH RANK. India is closer to global best practices in the regulatory framework for business; all this was achieved
-
NEW PROVISIONS IN NEGOTIABLE INSTRUMENTS ACT, 1881
The Lok Sabha has passed Negotiable Instruments (Amendment) Bill on July 23, 2018. The amendment introduces new provisions, Section 143A and 148 in the Negotiable Instruments Act, 1881. The new provisions are made to provide relief to the complainant who
-
Is Online Gaming Legal in India? | Game of Chance
In January post publication of its report entitled “Legal Framework: Gambling and Sports Betting” Law Commission of India inclusive of Cricket, the Commission released a press note stressing that its suggestion was to banning on betting and gambling activities in
-
Key Highlights of Union Budget 2021-22
In this 21st Century, India has presented for the first time its Digital Budget for the Financial year 2021-22was finally tabled by the Modi Government. The Cabinet chaired by Prime Minister Narendra Modi has approved the Budget for the Fiscal
-
Acquisition and Transfer of Immovable Property in India
The acquisition and transfer of immovable property in India by Non-resident Indians (NRI) / persons of Indian origin (POI)/overseas citizens of India (OCI) are governed by the Foreign Exchange Management (Acquisition and Transfer of immovable property in India) Regulations, 2018.
-
Remittance of Assets
Quick Read about Remittance of assets inside/outside India, Sale of Residential Property outside or inside India by NRI/PIO or Purchase of Residential Property outside/inside India by NRI/PIO, and circumstances under which Repatriation of sale of immovable property is allowed What is the
-
Acquisition of Agricultural Land in India by NRI/PIO
Acquisition of Agricultural Land in India, Many NRI's Who stay out of India are keen to know whether they can acquire or Transfer Agricultural land in India or Not. And Some times they are also interested to know whether they
-
What is Mediation Law?
Mediation is a process where the dispute between two parties is solved by a third party. The mediator, to solve a dispute that has brought up a lawsuit between them. Mediation Law is an alternative dispute resolution process mediation Characteristics
-
E-RESIDENCY IN ESTONIA
E-Residency is a unique form of venture welcomed by Estonia. Estonia is known for being digitally well-established. E-Residency allows Non-Estonian entrepreneurs/business people to have a business in Estonia. It allows the business person to use Estonian public and private sector
-
Company Incorporate in India
Company Incorporation means making Company a legal person in the eyes of Law or the process of making own identity of the company. Incorporation simply means giving Birth to a Company or bringing the Company into existence. However, in order to
-
How to start a Company from Scratch?
Starting a company from scratch doesn’t have to be technical or complicated, but it requires a lot of planning and organization of various tasks. Here is the list of steps to be followed when you desire to start off a
-
One Person Company (OPC)
The Companies Act, 2013 has introduced a new concept of ‘One Person Company’ (herein after referred to as ‘OPC’). Section 3 (1) (c) of Companies Act, 2013 has been notified vide notification dated 26th March 2014, and the same shall
-
What is Limited Liability Partnership (LLP)
Limited Liability Partnership is a modernization form of partnership by giving the facility of a separate legal entity. A Limited Liability Partnership, popularly known as LLP combines the advantages of both the Limited Liability Company and Partnership into a single
-
How to Registered Limited Liability Partnership (LLP)
LLP Registration is a form of business that provides benefits of both limited liability and flexibility of partnership business into a single form of organization i.e. LLP (Limited Liability Partnership) Firm. It is a separate legal entity just like other companies
-
How to Incorporate a Company in India?
Step 1:- file SPICe+ directly on the MCA’s portal; Step 2:- Apply for Name Reservation by filing Part A of the form SPICe+ and then file Part B or file Part A and Part B simultaneously, If the applicant is sure
-
New UAE Citizenship Law
UAE’s New Citizenship law Policy has approved it's Golden Visa’ Program allowing up to 10 years of residency. The United Arab Emirates has announced its new citizenship policy through which it plans to offer citizenship to a select group of foreigners.
-
BRITISH EXIT FROM EU (BREXIT) 2020
British Exit from EU - The U.K. sealed a historic trade deal with the European Union, avoiding a bitter breakup and preparing the ground for a new relationship with its biggest commercial partner. Britain had formally left the EU in
-
Competition Commission of India & Anti Trust Laws
The Competition Commission of India (CCI) is a statutory body of the Government of India which is responsible for enforcing the Competition Act, 2002; in order to promote a competitive environment in India. It has been established by the Central Government with effect from 14th October 2003. The
-
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
-
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
-
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
-
General Guidelines for Imports under FEMA
What is the time limit for the settlement of import payments? Import payments should be settled down within a period of 6 months from the date of shipment. Can an extension be granted for settlement of import payments