Table of Content Benefits offered through new SPICE+ Some of the Highlights of SPICE+ The Ministry of Corporate Affairs has came out with a new simple application to make it easier for starting and incorporating a business entity in India through SPICE+ (Simplified Proforma for Incorporating Company Electronically Plus) thereby integrating 10 services from various…

Table of Content Difference between a Company and Special Purpose Vehicle How to set up an SPV Advantages of setting up an SPV Types of SPV’s SPV is also called Special Purpose Entity (SPE) or Special Purpose Corporation (SPC) is given to an entity which is established for a single, well-defined specific and narrow purpose….

From long back time India’s real estate sector was unorganized, shattered and didn’t had any formal institutional structure regardless of its size and a multibillion structure. The Ministry of Housing and Urban Affairs has introduced several changes under the Real Estate Development and Regulatory Act with respect to in business carried out for real estate…

Table of Content Types of charges to be registered Under Companies Act, 2013 The duty of registration of the charge Under Companies Act, 2013 Effect of registration of this charge Registration of Charge by (Section 78 of the Act) individual in whose favour charge is created: Modification of charge Under Companies Act, 2013 Other points…

Table of Content Are there different types of Non Banking Financial Company (NBFC)? How apply for certificate of registration for a Non Banking Financial Company (NBFC)? Does the Reserve Bank regulate all financial companies? What are returns and/or compliances which are to be done by Non Banking Financial Companies (NBFC)? Can a Non Banking Financial…

LLP settlement Scheme, 2020 launched to provide One-time relaxation in additional fees to defaulting LLPs to make good their default by filing pending documents . Applicability: This scheme is applicable on the defaulting Limited Liability Partnership means and LLP which has made default in filing of documents on the due date(s) specified under the LLP…

Table of Content Purpose of LEI (Legal Entity Identifier) Who needs to apply for LEI codes? The Legal Entity Identifier (LEI) initiative is designed to create a global reference data system that uniquely identifies every legal entity, in any jurisdiction, that is party to a financial transaction. More specifically, LEI is a unique 20 digit…

Table of Content Is CSR applicable on Section 8 Companies (Not for profit Organisations)? View of Directors/ Promoters of Section 8 Companies Views of High level Committee formed for reviewing the existing framework of CSR CSR is a concept whereby companies takes care of the interest of society and the environment by taking responsibility for…

80C came into force with effect from 1st April, 2006.Section 80C provides deductions to individuals or a Hindu Undivided Family (HUF) for savings under income tax Act 1961.Section 80C enables tax payers to claim a deduction up to Rs 150,000 from their total income earned during F.Y for those who have made suitable investment in…

Table of Content Main Features of Section-8 Micro Finance Company Loan Limits by Section-8 Micro Finance Company Benefits of Section-8 Micro Finance Company Basic Documents required for Incorporation of Section-8 Micro Finance Company The Micro finance Company is basically the financial institutions that provide small-scale financial services in the form of loan, credit or savings….

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