A consultation paper on redefining the idea of corporate “promoters” and moving toward the idea of a “person in charge” has been released by the capital market watchdog, the Securities, and Exchange Board of India. The idea has been made in response to a shift away from the traditional Indian ownership structure to the modern…
The director of a company is responsible for managing the day-to-day affairs of the company. He is the one who gives directions to managers regarding any decision or policy change undertaken by the shareholders or promoters of the company. They may be promoters of the company, especially in the case of private companies, or an…
If a company accepts foreign investment, the Reserve Bank of India issues forms FC-GPR. As a result, the corporation will grant shares in exchange for a foreign investor’s investment. Additionally, the corporation must submit information on this share allotment using Form FC-GPR. In this post, we take a close look at filling out form FC-GPR….
Compliance is simply conforming to the laws and regulations issued by various legal entities. It might be difficult at times to obey each law and act in line with it, but neglecting to do so can result in the loss of various opportunities. Simple examples of compliance include obtaining a local business license and paying…
The employer is expected to follow a broad list of Labour laws, which includes keeping registers in accordance with numerous Labour Laws. The Labour regulations required the maintenance of about 56 registers and records, which made it an extremely difficult duty for the employer and resulted in the penalty of non-compliance. This article discusses the…
The Companies Act, 2013 mandates the filing of a declaration in Form No INC-20A with additional details regarding Bank statements and Registered address when a newly registered company wants to commence its business and operations in the desired manner. Requisite complying with the provisions is mandatory to exercise its borrowing powers. Several pieces of information…
In this 21st century dynamism, the social responsibility of business is a developing sector in which it is gaining international fame and India is no different. However, it is not a new concept in India but has developed over time and is now being amended with the passing of the Companies Act 2013 so that…
The Annual General Meeting (AGM) is held to facilitate cooperation between the management and the shareholders of the company. It is compulsory under the Companies Act, 2013 to hold an annual general meeting (AGM) to discuss the annual results, the appointment of an auditor, and other discussions. The Company must follow the procedures under the…
Are you running a company registered under LLP? A new LLP Amendment Act has been introduced in 2021. Further, you should know how it can effect your business. The Act has been in effect since 1st April, 2022. In this article we will discuss, Section wise Impact of LLP (Amendment) Act, 2021. Table of Content…
All the companies (whether it is Private Companies, Public Companies, or Limited Liability Partnerships) that have received Foreign Direct Investment or made any foreign investment, have a compulsion to file FLA (Foreign Liabilities and Assets) returns. Foreign. FLA is an annual return. In this blog, we will talk about the Foreign Liabilities and Assets (FLA) Return. Table of…