Pursuant to Sec 56 of LLP Act along-with schedule 3 deal with conversion of Private Limited to LLP PRE-REQUISITIES: > Every member of the company must agree with the decision of conversion. > All the members become the partners of an LLP and no one else. >...
Valuation of Sweat Equity Shares
Foreign Account Tax Compliance Act (FATCA)
The seeds of financial crisis were sown long back when the interest rates were fiercely low with very lenient lending norms leading to creation of housing price bubble in U.S. The bubble bursted and the period of 2007-2009 marked as an epic financial collapse leaving...
Significant Economic Presence (SEP)
Technology plays a vital role in today’s world making our daily lives simpler. From medical diagnoses to business operations, from communication to education, everything seems impossible without technology. This pandemic has evidenced the same. Life would have come to...
Change In Registered Office of The Company
As per Section 12 of the Companies Act, 2013, any Change in the Registered Office of the Company, shall be reported to Ministry of Corporate Affairs, further many companies due to various reasons tend to change their Registered Office of the company. A. PROCESS...
Global Minimum Tax
21st century world largely operates under a Global Economic System. International Business is the buzz all around & businesses are not confined to boundaries. It involves cross border transactions both in goods and services. Conducive International Business...
Start Up and Sweat Equity Shares
A Start Up in common parlance means a project undertaken by entrepreneur seeking to develop a scalable business model. The Government of India in order to streamline and promote all such brain child ideas launched an initiative called Start Up India on...
Brief Analysis of TDS under Section 194Q
As per Section 194Q the buyer, whose turnover or gross receipts or total sales is exceeding Rs. 10 crores in a financial year immediately preceding the relevant financial year, shall be liable to deduct tax at rate of 0.1% on the value exceeding Rs. 50 lakhs at the...
Share Allotment to Foreigners under FEMA/ Companies Act
Economic liberalization has resulted in robust growth over the years and has made India an attractive investment destination hub globally. COVID -19 pandemic has surely disrupted the growth chart but it is expected to regain the momentum soon making our country one of...
Incorporation of Section 8 Company In India
In India a Non-Profit Organization can be registered in three ways particularly:- > Trust: By executing Trust Deed and get it registered with the Registrar of Trust, > Society: with Registrar of Societies > Section 8 Company: By executed MOA and AOA and get...