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RBI’s FAQ on Compounding under FEMA

RBI’s FAQ on Compounding under FEMA What is meant by contravention and compounding of contravention under FEMA 1999? Contravention is a breach of the provisions of the Foreign Exchange Management Act (FEMA), 1999 and rules/ regulations/ notification/ orders/ directions/ circulars issued there under. Compounding under FEMA refers to the process of voluntarily admitting the contravention, …

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FAQ on DSC-Digital Signature Certificate-MCA

MCA’s FAQ on Digital Signature Certificate (DSC) General FAQ on Digital Signature Certificate What is the process of obtaining Digital Signature Certificate from Certifying Authority? • Digital Signature Certificate Applicants can directly approach Certifying Authorities (CAs) with original supporting documents, and self-attested copies will be sufficient in this case• Digital Signature Certificate can also be …

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Ayurvedic Medicine Manufacturing License

Introduction for Ayurvedic Medicine Manufacturing License For starting the Ayurvedic Medicine Manufacturing License in India, it is compulsorily require taking license from licensing authority. Before making the application, premises should be duly registered /licensed as per Factories Act, 1948 (if required by state authority), Environment Act, Air Act, Water Act, Fire NOC etc. Manufacture on …

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Companies Fresh Start Scheme 2020 /CFSS 2020

Introduction of Companies Fresh Start Scheme 2020 /CFSS 2020 Companies Act 2013 requires all companies to make annual statutory compliance by filing the Annual Return and Financial Statements. Apart from this, various other statements, documents, returns etc. are required to be filed on the MCA21 within prescribed time limit. In order to give an opportunity …

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Producer Company Registration

Producer Company Registration in India Figure: Number of producer companies registered, by year, all-India, 2003–19, in numbers Source: Review of Agrarian Studies 85% of India’s farmers are small and marginal producers, cultivating small plots that generate low returns. Bringing them together into producer enterprises is expected to give them advantages of scale that they lack as …

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Foreign Company in India

Foreign Company Registration in India A foreign company in India shall file the particulars of the principal place of business within 30 days of establishment of place of business in India alongwith the required documents to ROC, Delhi. The Registrar of the corresponding state shall have access to these documents filed with ROC, Delhi. However, …

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Investment in Depository Receipts by PROI

Key Terms related to Investment in Depository Receipts by PROI Key terms related to Investment in Depository Receipts by PROI are as follows: The regulations notified as Foreign Exchange Management (Transfer or Issue of Security by a Person resident Outside India) Regulations, 2017 under Notification No. FEMA 20(R)/2017-RB of November 7, 2017, is [FEMA 20(R)]. ‘Investment’ …

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Investment in Investment Vehicle by PROI

Key Terms The key terms related to Investment in Investment Vehicle by PROI are as follows: ‘Investment Vehicle’ is an entity registered and regulated under relevant regulations framed by SEBI or any other authority designated for the purpose and will be Real Estate Investment Trusts (REITs) governed by the SEBI (REITs) Regulations, 2014, Infrastructure Investment …

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Foreign Venture Capital Investment in India

Key Terms related to Foreign Venture Capital Investment in India Key terms related to Foreign Venture Capital Investment in India are as follows: “Foreign Venture Capital Investor” means an investor incorporated and established outside India, is registered under SEBI (Foreign Venture Capital Investors Regulations, 2000 and proposes to make investment in accordance with these Regulations; …

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Foreign Investment in LLP in India

Key Terms related to Foreign Investment in LLP in India Key terms related to Foreign Investment in LLP in India are mentioned below: “Investment” (for purpose of LLP) shall mean capital contribution or acquisition/ transfer of profit shares. ‘Limited Liability Partnership (LLP)’ is a partnership formed and registered under the Limited Liability Partnership Act, 2008 …

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Investment in India for other than Capital Instruments

Key Terms Below are the related key terms for Investment in India for other than Capital Instruments: ‘Capital Instruments’ are equity shares, debentures, preference shares and share warrants issued by an Indian company. ‘Foreign Portfolio Investor (FPI)’ is a person registered in accordance with the provisions of Securities Exchange Board of India (Foreign Portfolio Investors) …

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Investment in India on Non-Repatriation Basis

Key Terms related to Investment in India on Non-Repatriation Basis The key terms related to Investment in India on Non-Repatriation Basis is as follows: ‘Capital Instruments’ are equity shares, debentures, preference shares and share warrants issued by an Indian company. ‘Convertible Note’ is an instrument issued by a startup company evidencing receipt of money initially …

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Purchase/Sale of Capital Instruments by NRI

Key Terms Key terms related to for purchase/sale of capital instruments by NRI/OCI, of a listed Indian company on a recognised stock exchange in India on repatriation basis are as follows: ‘Capital Instruments’ are equity shares, debentures, preference shares and share warrants issued by an Indian company. ‘Listed Indian Company’ is an Indian company which …

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Purchase/Sale of Capital Instruments by FPI

Key Terms Key terms/definitions related to Purchase/Sale of Capital Instruments by FPI (Foreign Portfolio Investor). ‘Foreign Portfolio Investor (FPI)’ is a person registered in accordance with the provisions of Securities Exchange Board of India (Foreign Portfolio Investors) Regulations, 2014. ‘Listed Indian Company’ is an Indian company which has any of its capital instruments listed on …

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FDI in India / Foreign Direct Investment in India

FDI In India or Foreign Direct Investment in India Meaning of Investment ‘Investment’ is to subscribe, acquire, hold or transfer any security or unit issued by a person resident in India. Investment will include acquisition, holding or transfer of depository receipts issued outside India, the underlying of which a security is issued by a person …

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Condonation of Delay of Charge in CHG 8 form

Purpose of Condonation of Delay of Charge Application to Central Government are made by company or any interested person for (a) condonation of delay of charge related to registration of creation/modification/satisfaction of charge, or (b) Omission or mis-statement of any particular in respect of creation/ modification/ satisfaction of charge. Registration of Charges within Prescribed Time …

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Strike Off Company /Company Name Removal from Register

Strike off company / Company name removal from Register of Companies, is a very crucial decision in the life cycle of the company, when it become cumbersome or become a liability in its functioning, Company in India can be strike off by two ways. one by Registrar of Companies and other by company itself voluntarily …

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GST Registration

What is GST Registration Who Should Register under GST? Individuals registered under the Pre-GST law i.e., Excise, VAT, Service Tax etc. Businesses with turnover above the threshold limit of Rs. 40 Lakhs* (Rs. 10 Lakhs for North-Eastern States, J&K, Himachal Pradesh and Uttarakhand) Casual taxable person / Non-Resident taxable person Agents of a supplier & Input service …

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Contract Labour Registration in India

Registration of Establishments Principal employer employing 20 or more workers are employed or were employed on any day of the preceding twelve months as contract labour are required to obtain a certificate of registration from the appropriate Government i.e. Contract Labour Registration. However, registration of establishments are not required to the establishments in which work …

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Secretarial Audit Report /MR 3/Secretarial Compliance Report

Secretarial Audit “Secretarial Audit” is a is connected with the audit of the non-financial aspects of the company. Every Company, while doing business, has to comply with the rules and regulations relating to the Companies Act, Securities laws, FEMA, Industry Specific laws and General laws like Labour laws, Competition law and Environmental and Pollution related …

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Digital Signature Registration in India

WHAT WE PROVIDE TYPES OF DIGITAL SIGNATURE CERTIFICATE CLASS 1 CERTIFICATE CLASS 2 CERTIFICATE CLASS 3 CERTIFICATE FREQUENT ASKED QUESTION (FAQ) What is Digital Certificate? What are applications of DSC? Company Incorporation: The Digital Signature Certificate is mandatory if you are incorporating a Public Limited Company, Private Limited Company, Limited Liability Partnership or One Person Company. …

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Company Name Change in India / Change of Name of Company

The name of a limited company may have to be changed for various reasons including change of objective of the business; change of management, rebranding, conversion of private limited to public limited & vice versa, rectification of name etc., The name of limited company can be changed at anytime with the approval of the shareholders. …

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Foreign Investment Reporting in India

Foreign Direct Investment (FDI) in India is undertaken in accordance with the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2017 issued vide Notification No. FEMA 20(R)/2017-RB dated November 07, 2017 (Referred here as FEMA 20(R). Reporting formalities for foreign investment are given below: (A) Foreign Investment Reporting …

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Trademark Objection/Examination Report Reply

Allotment Once the data entry of an application for registration of a trademark is made and digitization of the trademark application & other connected documents, if any, is complete, the application is allotted to an examiner for examination of application under the provisions of the Trademarks Act & Rules. Which is called as Trademark Examination …

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Trademark Registration in India

What is Trademark? A Trademark means a mark capable of being represented graphically and which is capable of distinguishing the goods or services of one person from those of others and may include shape of goods, their packaging and combination of colours. A Mark includes a device, brand, heading, label, ticket, name, signature, word, letter, …

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BOCW Establishment Registration

Applicability of BOCW Establishment Registration BOCW Establishment Registration applies to every establishment which employs, or had employed on any day of the preceding twelve months, ten or more building workers in any building or other construction work. For the purposes of this sub-section, the building workers employed in different relays in a day either by …

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LLP Registration for Partnership Business

What is Limited Liability Partnership (LLP)? Limited Liability Partnership (LLP) is business form which provides benefits of limited liability and flexibility of a partnership business. Compliance requirement is less in LLP as compared to company form of business structure. Audit is exempted up to certain level of turnover in case of LLP. Minimum two people …

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Section 8 Company Registration /Section 8 Company in India

What is Section 8 Company? Section 8 of the Companies Act 2013 provides for the formation of the companies with charitable objects etc. Section 8 Company, (earlier Section 25 Company of the Companies Act, 1956), is a legal entity for Non-Government or Non-Profit Organizations.  It is a type of company which is established with the objective to …

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OPC Registration /One Person Company Registration

OPC Registration-One Person Company Registration One Person Company (OPC) is a company which has only one person as member. One Person Company (OPC) is a type of private company. Only a natural person, who is an Indian citizen and resident in India, shall be eligible for OPC registration /One person Company Registration and shall be …

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MSME Registration in India

What is MSME-Micro, Small and Medium Enterprises ? MSME is the short form for Micro Small Medium Enterprises and it is also called as Small Scale Industry (SSI). It is an Act called as MSMED Act, also Micro, Small and Medium Enterprises Development Act, 2006 for the growth of the small business upto the investment for 10 crores …

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ESI Registration in India

What is Employee State Insurance? Employees’ State Insurance (ESI) is a self-financing social security and health insurance scheme for Indian workers. ESI is just like a social insurance scheme that would protect the interest of workers in possibilities such as sickness, maternity, temporary or permanent physical disablement and death due to employment injury resulting in …

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EPF Registration in India

What is Employees Provident Fund? Employees Provident Fund (EPF) is a scheme under the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952. It is regulated under the purview of Employees’ Provident Fund Organisation (EPFO) which is one of the World’s largest Social Security Organizations in terms of clientele and the volume of financial transactions undertaken. Basically, …

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FSSAI License /Food License / FSSAI Registration /Food Registration

FSSAI License-FSSAI Registration-Food License-Food Registration FSSAI License or Food License / FSSAI Registration or Food Registration is license mandatory before starting any food license food business from Food Safety and Standard Authority (FSSAI). So, all Food Business Operators in the country will be registered or licensed. This food License is location specific and is also …

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Private Company Registration in India

Private Company Registration in India A private limited company is a company that offers limited liability, or legal protection for its shareholders but that places certain restrictions on its ownership. A company is considered as a separate legal entity having perpetual succession, with liability of shareholders limited to the capital being contributed by them. Hence, a shareholder …

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MCA21 e-filing FAQ

MCA FAQ for E-Filing This is MCA21 e-filing FAQ. How can I apply for a Company Name? A proposed name can be reserved for the purpose of incorporation of a company or change of name of an existing company through the RUN service by logging into the MCA portal along with a fee of Rs. 1000/-. Further, …

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XBRL- FAQ

FAQs for XBRL (Extensive Business Reporting Language) General FAQ-XBRL What is an XBRL? XBRL is a language for the electronic communication of business and financial data which is revolutionizing business reporting around the world. It provides major benefits in the preparation, analysis and communication of business information. It offers cost savings, greater efficiency and improved …

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Foreign Investment in India (FAQ)

Frequently Asked Questions (FAQs) to Foreign Investment in India These FAQs attempt to put in place the common queries that users have on the subject in an easy to understand language. However, for conducting a transaction, the Foreign Exchange Management Act, 1999 (FEMA) and the Regulations made or directions issued thereunder may be referred to. …

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Companies Fresh Start Scheme 2020-LLP Settlement Scheme 2020

Frequently Asked Questions (FAQs) on Companies Fresh Start Scheme 2020 and LLP Settlement Scheme 2020 (Modified) This is Frequently Asked Questions (FAQs) related to Companies Fresh Start Scheme 2020 (CFSS-2020) and LLP Modified Settlement Scheme 2020, brought by Ministry of Corporate Affairs (MCA) in order to give an opportunity to the defaulting companies to enable …

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