Reserve Bank of India (RBI) based on reporting being submitted by Resident Individual or Indian Party in Overseas Investments, summarizes and segregate the data monthly into three divisions a) Equity b) Loan and c) Guarantee. Analysis of RBI data on destination and sectoral dispersion, reveals that Singapore, USA and UK…

How long is COVID going to stay? Is it at all going to get over? Has any pandemic lived for ever? How do you foresee the future of any business after COVID, especially with cross border perspective? Well, you have your own understanding and wisdom to guide on all this.…

An investor establishes foreign business operations or acquires foreign business assets, including establishing ownership or controlling interest in a foreign company.  There are various investment vehicles established in India that have attracted FDI in India over years such an Indian company, LLP, other investment vehicles, etc. Let’s have a squint on…

For the FDI proposal in the sectors falling under the Government Approval Route, the applications were initially processed by FIPB and then the application went through multiple bodies/ministries for approval. This was a time-consuming process since multiple administrative bodies were involved. Thus, in order to provide expeditious disposal of FDI…

Once a company is incorporated, the immediate next steps are post-incorporation compliances which include conducting of first Board Meeting, appointment of first auditors, printing, issue and stamping of share certificates etc. While all these compliances are critical for a company’s smooth start, here, we shall focus on the technicalities associated…

The Ministry of Corporate Affairs (MCA), during the last couple of years or so, has been on a spree of cleaning up the corporate field. In doing so, many private limited companies, which had not filed their financial statements and annual returns regularly with Registrar of companies (ROC), were struck…

All of us are aware that many counties have entered into double taxation avoidance agreement (“tax treaties” or “DTAA”) with other countries to mitigate the problem of double taxation which reduces the tax liability of residents of one treaty country in other treaty country i.e. by avoiding double taxation of…

“No one can give what they don’t have”. In most of the cases, beneficial interest is created through a contract between the registered owner and the beneficial owner, which also governs the rights of nominee/registered holder relating to transfer of shares, right to receive dividend, right to vote, etc. However,…

Beneficial Ownership in shares is a well-accepted concept domestically as well as internationally, which means to have a beneficial interest in property, goods or securities/shares without being registered as an owner in the records. The law permits a shareholder to transfer the beneficial interest in a share to another person…

Section 135 of the 2013 Act prescribes a mandatory spending of two percent of average net profits of the company on CSR activities made during the three immediately preceding financial years for all companies that meet the specified financial thresholds. The company is required to undertake activities in areas or…