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  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