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  Company Formation in India –   How to incorporate different types of companies in India ,  Like  Public Company, One Person Company , Private Limited Company, Section 8 Company, Limited Liability Partnership Firm in India , you must submit an application to the  Ministry of Corporate Affairs  (MCA). You make the application online at the  MCA  portal remotely too. For registration, you’ll need a Digital Signature Certificate(DSC), and  Director Identity Number(DIN) , among other things. Company’s Incorporation means making Company a legal person in the eyes of Law or the process of making own identity of the company. Incorporation simply means giving Birth to a Company or bringing the Company into existence. However, in order to incorporate a company , we need to fulfill various Legal Compliances. Continue Reading:-    Company Formation in India

  immigration Law  is the  law  that exclusively governs immigration in a nation. It’s So far as foreign citizens are concerned,  Immigration Law Firm in India  is related to the Nationality Law of a nation governing the matters of citizenship. International Law regulates  Immigration Law  concerning the citizens of a country. Wanting to apply for residency in a different/ new country? Immigration services are services held for applying for citizenship of a new country.

  E-Residency is a unique form of venture welcomed by Estonia. Estonia is known for being digitally well-established. E-Residency allows Non-Estonian entrepreneurs/business people to have a business in Estonia. It allows the business person to use Estonian public and private sector services and resources by using the E- Residency smart card . However, it has to be remembered that having E-Residency digital ID Card does not act as a travel document. So, a person cannot travel to Estonia by using the E-Residency Card. To travel to Estonia the person has to apply for fora visa. Continue Read:- How E-Residency Works? New UAE Citizenship Law

  LLP Registration is a form of business that provides benefits of both limited liability and flexibility of partnership business into a single form of organization i.e. LLP (Limited Liability Partnership) Firm. It is a separate legal entity just like other companies and also it has the benefit of a partnership firm of having limited liability to the much contribution made by each partner. And the best advantage of an LLP registration i s that there is no minimum capital contribution. Continue Read:- What are the Documents Required for Registration?

Limited Liability Partnership is a modernization form of partnership by giving the facility of a separate legal entity. A Limited Liability Partnership, popularly known as LLP combines the advantages of both the Limited Liability Company and Partnership into a single form of organization. Limited Liability Partnership has been introduced in India by way of the Limited Liability Partnership Act, 2008 It gives operational ease to partners to manage the business and creates a system of accountability through the mandatory ROC filings. In this globalization era, the introduction of the LLP concept is an exclusive benefit for entrepreneurs with little annual compliance. Owing to the limited liability of partners, flexibility, low-cost compliance, and many more it became a beneficial platform for a small and medium entrepreneur to run their business in comparison with partnership businesses. Continue Reading:- Rights & Duties of Partners & Designated Partners

  What is SPICe+? SPICe+ stands for Simplified Proforma for Incorporating Company electronically Plus. SPICe+ offers around 10 services by three Central Government Ministries and Departments (Ministry of Corporate Affairs, Ministry of Labour, and the Department of Revenue in the Ministry of Finance) and one State Government (Maharashtra). It is an integrated web-based form that is required to be filed from MCA’s website directly; hence it cannot be downloaded.SPICe+ is prepared according to the format of form INC-24. The form SPICe+ replaces the existing SPICe form. All the new company incorporation has to be done by the online filing of the SPICe+ form. The other forms that need to be filed along with SPICe+ are AGILE-PRO, SPICe+AoA, and SPICe+MoA. Continue Reading:- Which services are offered By SPICe+?

  The Companies Act, 2013 has introduced a new concept of ‘ One Person Company ’ (hereinafter referred to as ‘OPC’). Section 3 (1) (c) of Companies Act, 2013 has been notified vide notification dated 26th March 2014, and the same shall be effective from 01st April 2014. It is a new form of business by which a company can be incorporated with one person only. It enables the entrepreneur carrying the business in the Sole-Proprietor form of business to enter into a Corporate Framework. One Person Company is a hybrid of Sole-Proprietor and Company form of business and has been provided with relaxed requirements under the Companies Act, 2013 Continue Reading:- Indian Citizenship and Resident For One Person Company in India

  starting a company from scratch doesn’t have to be technical or complicated, but it requires a lot of planning and organization of various tasks. Here is the list of steps to be followed when you desire to start off a company from scratch. Do an Honest Evaluation of Yourself One needs to assess his core capabilities and caliber as well as should ascertain the weak areas where he/she might need to seek professional help. For instance, you may be good at public speaking which can help when raising money, but bad at accounting which just means that you’ll need to find some kind of help with that area of the business. Continue Reading:- Start a Company from Scratch?

  Company Incorporation means making Company a legal person in the eyes of Law or the process of making own identity of the company. Incorporation simply means giving Birth to a Company or bringing the Company into existence. However, in order to incorporate a company, we need to fulfill various legal compliances. Why incorporating a Company is necessary? To wave off ourselves from any outstanding liability. To Establish Perpetual Existence and Transfer of Ownership. To Gain Tax Advantage. Enhance the Company’s brand value. Improve the ability to manage the Business. Continue Reading:- Types of companies

  D igital Signature Certificates (DSC) are the digital equivalent (i.e. electronic format) of physical or paper certificates. Certificates serve as proof of identity of an individual for a certain purpose, such as to access information or services on the Internet or to sign documents digitally. Digital Signatures are legally admissible in a Court of Law, as provided under the provisions of Information Technology Act, 2000. DSC are basically required for digitally signing the documents, for example: Filing e-forms for incorporation of companies; LLP incorporation; and many more. A licensed Certifying Authority (CA) issues the digital signature. Certifying Authority (CA) means a person who has been granted a license to issue a digital signature certificate under Section 24 of the Indian IT-Act 2000. Read More ... Legallands  Business setup in India

    External Commercial Borrowings (ECB) refer to commercial loans. Types of ECBs. Two routes for accessing ECB- Automatic and Approval Route. New ECB Framework as per As per RBI/2018-19/109 A.P (DIP Series) circular dated January 16, 2019 revised #ECB guidelines. Standard Operating Procedure (SOP) for Untraceable Entities. Read More :- External Commercial Borrowings (ECB) In Case Of Foreign Loan

  Introduction Foreign Contribution amendment act bill is introduced by Government of India on 29 th  September 2020. Although, the bill met with a stern opposition from the opposition the bill was passed in both the houses of Parliament despite the protest. The Government has claimed that the objective of the act is to  strengthen compliance, enhance transparency and accountability in the receipt and utilization of foreign contributions and facilitating genuine non-governmental organizations or associations who are working of the welfare for the society.     The amendment Act has come into force due to various instances where organization have failed to ensure basic statutory compliances such as maintenance of proper accounts  and submission of returns and it led to a situation wherein, the government had to cancel registration of various organization.   The new amendment of FCRA 2020 has come as a blow to the Indian Civil Society as it cuts...

  Introduction to Place of Effective management The 1990s have been regarded as a watershed event in the economic sector of India. Various reforms had been introduced at that point in time and the financial sector changed its direction. Since then the Indian regulatory system has been experiencing constant change and reform. The Indian system had in the latest introduced Goods and Services, Integrated Child Development Services, Indian Accounting Standards. India along with these services introduced Place of Effective Management in its Finance act, 2015 which came into assessment in the year 2015. Definition of Place of Effective Management Under Place of effective Management or POEM for short, a company would become a resident of India if it was an Indian Company, or during that year its operation, control and management were being handled in India. As per the provision of the Finance Act, 2015 the company whose effective management is taking place in India will be considered as a...

  Pre-requisites for a foreign company to have a  branch office in India   The following additional criteria are also considered by the Reserve Bank while sanctioning  Branch Offices of foreign entities Profit-making track record during the immediately preceding  five financial years  in the home country. Net Worth of not less than USD 100,000 or its  equivalent  [a total of paid-up capital and free reserves, less intangible assets] as per the latest Audited Balance Sheet or Account Statement certified by a Certified Public Accountant or any Registered Accounts Practitioner by whatever name. Proprietary concerns set up abroad are not allowed to establish Branch Offices in India.   Legal forms in which a foreign company can set up its establishment in India  Read More:-   Branch office in India Contact Publisher Attorney Attorney  

  Customs Department extending the exemption for the execution of Bank Guarantee (BG) based upon the export turnover, quantum of duty, tax paid, etc. vide earlier circular No. 58/2004-Cus dated 21.10.2004 as amended vide circular Nos. 17/2009-Cus dated 25.05.2009, 32/2009-Cus dated 25.11.2009, 06/2011-Cus dated 18.01.2011, 08/2013-Cus dated 04.03.2013 and 15/2004-Cus dated 18.12.2014 in view of the implementation of GST from 01.07.2017 has now issued Circular No. 31/2019-Cus dated 13.09.2019 which devised the norms for BG under Advance Authorisation, DFIA & EPCG scheme. The manufacturer exporters/service providers are eligible to claim exemption from furnishing Bank Guarantee under the following two situations: Manufacturer exporters/Service Providers registered with the GST authorities (Centre/State/Union Territory) who have been exporting during the previous two financial years and have minimum export of Rs. 1 crore or more during the preceding financial year. Manufacturer ex...

Change is happening faster than ever, and to stay ahead, you need to anticipate what’s next. Legal challenges come from all directions. We understand and work together with you to solve the toughest legal issues in major industries and commercial centers around the world. Whether you’re expanding into new markets like India, considering capital from new sources, or dealing with increasingly complex regulation or disputes, we can help. Whether change brings opportunity, risk, or disruption, be ready by working with Legal Lands LLP .   A fast-changing and inter-connected world requires fresh thinking combined with proven experience. That’s what we provide. Progress starts with ideas. And while imagination helps at every level, our legal solutions are aligned with your business strategy. Our experience in cross-border and emerging economies gives us the market perspective to be your global partner. We believe that when knowledge travels, opportunities arise. Our team ha...