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 […]
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 by the Narendra Modi government as exemplified by the World Bank’s latest report on Doing Business […]
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 year 2021-22, prepared by finance Minister’s NirmalaSitharamanand announces the reforms in fields of Government Earnings, Spendings, Taxes, Agriculture, Companies, FDI […]
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 services and resources by using the E-Residency smart card. However, it has to be remembered […]
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. It has become the first nation in the Gulf Arab countries to formalize a process aiming at giving expatriates/ foreign […]
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 January 2020 (BREXIT). Since then, it has focused on negotiating new trade deals with countries around the world. What […]
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 Competition Act, 2002 is India’s antitrust law. Antitrust laws also referred to as competition laws, are laws developed […]
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 “growth center” of the worldwide economy. Thus, in […]
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 especially males tries to find […]
Informative Note on Liaison Office for a foreign entity in India
LIAISON OFFICES (LO) IN INDIA BY FOREIGN ENTITIES According to FEMA Guidelines, A Liaison Office (LO) is “a place of business to act as a channel of communication between the principal place of business or Head Office by whatever name called and entities in India but which does not undertake any commercial / trading / […]
