FAQ on NRI Trading Account
1. Who is Non-Resident Indian (NRI)? Non-Resident Indian (NRI) means a “person resident outside India” who is a citizen of India or is a person of Indian origin
read more
1. Who is Non-Resident Indian (NRI)? Non-Resident Indian (NRI) means a “person resident outside India” who is a citizen of India or is a person of Indian origin
read more
The CD is a Land Development Company. It is private by organisation. It issued NCDs for a face value of Rs 7,500/- to a SEBI registered Intermediary who further resold them at Rs 10,000 per NCD to retail investors who were sold the idea of higher than market returns at 18% + 2% penal interest in case of default.
read more
Once a Resolution Plan is approved by the AA, the same, irrespective of whether or not they participated in the CIRP, binds all creditors and any claims not forming part of the approved Resolution Plan shall stand extinguished, held by Hon’ble Supreme Court in Ghanashyam Mishra And Sons Private Limited
read more
18. STPI (Software Technology Parks India)- Software Technology Parks of India (STPI) is a science and technology organisation established in 1991 by the Indian Ministry of Electronics and Information Technology with the objective of encouraging, promoting and boosting the export of software...
read more
With the introduction of New Companies Act i.e The Companies Act, 2013, it became very important for us to understand the Rights and liabilities of directors of the Company. As per the provisions of Companies Act,2013 legal proceedings can be initiated against the directors of the company.
read more
India Resurgence ARC Pvt. Ltd’ the dissenting Secured Financial Creditor having a vote share of 3.94% filed a petition in NCLAT on ground that the approved Resolution Plan failed to deal with the interests of the all the stakeholders including the Appellant who was offered a meager amount of
read more
The Central Board of Direct Taxes (CBDT) notified the instructions are guidelines to help the taxpayers for filling the particulars in ITR-1 SAHAJ, ITR-2, ITR-3 ITR-4, ITR-5, ITR-6, and ITR-7, for the Assessment Year 2021?22 relating to the Financial Year 2020?21. The CBDT has not made significant
read more
What is the composition of the CSR Committee? - CSR Committee constitutes minimum of 3 or more directors, in case where Independent director is present however cases where there is no requirement to appoint Independent Director, minimum number of directors is 2 or more.
read more
Pre-Pack has been in existence in developed countries like the US and the UK for many years and has enjoyed a fair bit of success. It has emerged as an innovative corporate rescue method that incorporates the virtues of both informal (out-of-court) and formal (judicial) insolvency proceedings.
read more
After identification of potential cases for prosecution by the CPC – TDS in case of mandatory processing or otherwise, it should be entered in the ‘Prosecution register’ maintained in Form–C (page 74 of the Prosecution Manual) and to be reported to the CIT(TDS) who shall also maintain the prosecution
read more
As we know that on 17th July, 2019 Union Cabinet has approved the proposal to introduce a Bill in the Parliament to carry out 08 amendments to the Insolvency and Bankruptcy Code, 2016. The amendments aim to fill critical gaps in the corporate insolvency resolution framework as enshrined in
read more
Allowances are fixed periodic amounts, apart from salary, which are paid by an employer for the purpose of meeting some particular requirements of the employee. E.g., Tiffin allowance, transport allowance, uniform allowance, etc. There are generally three types of allowances for the purpose
read more
Liaison office: Foreign corporations are permitted to open liaison/representative offices in India (subject to obtaining specific approval from the RBI), to undertake liaison activities on their behalf. These offices act as a communication channel between the Head Office of foreign corporations
read more
Liaison Office: Foreign Investor or Foreign companies can open a liaison office in India for promoting and facilitating the parent company business activities and can act as best communication channel between the foreign parent company and indian company. With the liaison office, the foreign
read more
A company acts through two bodies of people its shareholders and its board of directors. The board of directors are in charge of the management of the company's business; they make the strategic and operational decisions of the company and are responsible for ensuring that the company meets
read more
Any registered person availing the option to supply goods or services for export without payment of integrated tax shall furnish, prior to export, a bond or a Letter of Undertaking in FORM GST RFD-11 to the jurisdictional Commissioner, binding himself to pay the tax due along with the intere
read more
This article is written with an intention for imparting knowledge on the topic and this is not meant for publication. All are requested to have their due diligence before referring the same for an academic or business purpose. In case of any query, please contact me on below mentioned contact
read more
Where the goods are transported by a registered person whether as consignor or recipient, the said person shall have to generate the e-way bill by furnishing information in Part B on the GST common portal. Where the e-way bill is not generated by registered person and the goods are handed
read more
Where the goods are transported by a registered person whether as consignor or recipient, the said person shall have to generate the e-way bill by furnishing information in Part B on the GST common portal. Where the e-way bill is not generated by registered person and the goods are handed
read more
E-waybill is a receipt or a document giving details & instructions relating to the shipment of a consignment of goods issued by a carrier and the details include name of consignor, consignee, and the point of origin of the consignment, its destination, and route. E-Way Bill is a compliance
read more
Introduction: Strike-off of company from registrar of companies is an opportunity given to defunct companies or those who wants to voluntarily shut down their company can file their application with roc under section 248. This is one of the best and easiest way where companies can struck off
read more
