Continuing with its crackdown on shell entities through stringent KYC regulations, the government has made it mandatory for over 12 lakh active registered companies in India to upload all their particulars including details of registered offices in an e-filing to the government. [...]
Key takeaways from the initiatives taken by the MCA towards ease of doing business in India on the occasion of 69thRepublic Day. No incorporation fee: Companies with authorized share capital up to Rs. 10 lakh can be incorporated in India with Zero registration Fee. Introduction of ‘RUN’: New web service for reservation [...]
During October, 2017 the MCA had disqualified more than 3 lakh directors of companies who failed to submit their annual filings for 3 or more years. On December 29, 2017 the MCA has come up with much awaited scheme, named Condonation of Delay Scheme, 2018 for disqualified directors. This scheme [...]
When a person decides to start a business, there are various options such as Sole Proprietorship Partnership Firm Limited Liability Partnership Joint Venture Limited Company which could be a One Person Company or Pvt Limited or Public Limited The choice of any particular legal structure would impact mainly the capital [...]
The Govt. has notified the Companies (Incorporation) Amendment Rules, 2016 (‘Amended Incorporation Rules’). Now the process of reservation of name of companies has been simplified. Following changes have been made for ease of doing business in India: 1) Name of company need not to be in consonance with principal object: [...]
DIN to be mentioned with Director’s Signature (Section 158) Director’s name & DIN (Director Identification Number) has to be mentioned with their signature on all the documents to be signed in the capacity of director. PENALTY: – Company and every officer of the company who is in default or such other [...]
http://www.thehindubusinessline.com/industry-and-economy/real-estate/buying-more-than-one-home-fork-out-capital-gains-tax/article6231182.ece Ancestral-home sales, joint development hit by new capital gains rules CHENNAI, JULY 20: Looking to sell your ramshackle ancestral home to buy a couple of apartments? Be prepared to shell out a hefty sum in capital gains tax, as the Budget has capped tax breaks available to such property [...]
This is the time of the year when there is abundant flow of personal and financial data in the form of photocopies and over the internet. If criminals intercept just one 16A form or dupe someone into providing that input, they gain a wealth of information that can be used [...]